Stablecoins
Fmr. CFTC Chairman Calls for Greater Regulatory Oversight of Stablecoins
Harvard University Kennedy School of Government Senior Fellow and former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad discusses his thesis that the popular stablecoin tether could face a disruption comparable to the Reserve Primary Fund "breaking the buck" in 2008. He also comments on CBDCs and the digital dollar he expects will be developed.
Disruption in Tether's Value Could Be Crypto Equivalent of 'Breaking the Buck': Former CFTC Chairman
Timothy Massad compared the hypothetical occurrence to the collapse in NAV of the Reserve Primary Fund in September 2008.
Consensus Day 3, Recapped: The Battle Over Electronic Money
The future of CBDCs, stablecoins and untethered cryptocurrencies was all up for grabs on an action-packed day at CoinDesk's flagship event.
Diem Co-Creator Says Original Plan for Stablecoin Was 'Naive'
Diem, the latest iteration of Facebook's ambitious Libra project, had to make multiple concessions to calm the regulators. Chief Economist Christian Catalini explains the evolution.
Diem Scales Back, Sets Eyes on a US-Backed Stablecoin
Diem, the cryptocurrency formerly known as Libra, started off with ambitions to create a global crypto tied to a basket of currencies from around the world, but Diem has since transitioned to a new model to develop a U.S. dollar-based stablecoin. Its headquarters is moving from Switzerland to the U.S. Christian Catalini, Diem's co-founder joins "First Mover" to provide an update on the project.
IMF Official: ‘A World With More Than One Reserve Currency Is a More Stable World’
Tommaso Mancini-Griffoli said we already live in a world with more than one reserve currency, but also that crypto was too young and volatile to be a global reserve.
Crypto Long & Short: Why Tesla’s Reversal Is Good for Bitcoin
The company's recent move is more about policy than price. Plus: Did this week mark the start of a meaningful shift in the stablecoin market?
Terra’s 25-Fold Price Jump This Year Shows Growing Bet on Algorithmic Stablecoins
The South Korean-based stablecoin platform Terra has seen its market capitalization overtake better-known decentralized rival Maker's.
Tether's First Reserve Breakdown Shows Token 49% Backed by Unspecified Commercial Paper
The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General.
