Stablecoins

Miners Trick Stablecoin Protocol PegNet, Turning $11 Into Almost $7M Hoard
The millions in tokens were later destroyed, painting a confusing picture of the attacker's motives.

Facebook's 'Scaled Back' Libra Proposal Is More Dangerous Than You Think
With stablecoin announcements from China and Libra in the same week, the war over the future of money is reaching a new height, says our columnist.

Dai Lending Rates Rise to One-Month High on DeFi Platform Compound
Interest rates on dai deposits have spiked on DeFi platform Compound, another ripple effect of the global financial crisis.

Why This Global Crisis Is a Defining Moment for Stablecoins
The programmability of stablecoins will "change how we think about money itself," says cLabs' Marek Olszewski.

Circle CEO Claims 'Explosive' Stablecoin Demand From Everyday Businesses
Dollar-backed stablecoins are surging in popularity, and much of the demand is from normal businesses, not just crypto traders, Circle’s CEO said.

Market Wrap: Ether Making Big Gains as Stablecoins Proliferate on Ethereum
The Ethereum network has become the place where stablecoins proliferate. Can ether keep rising in price as a result?

Libra Scales Back Global Currency Ambitions in Concession to Regulators
The Facebook-spawned Libra Association has scaled back its original vision of a global digital currency backed by a basket of fiat currencies.

Ethereum Now Matches Bitcoin on One Key Metric
The use of the Ethereum network to move value around has shot to record levels, thanks to the growth of stablecoins.

Solana Blockchain Adds Korean Stablecoin Terra for Better Payments
Solana is adding the Terra stablecoin in an effort to bring "novel applications that require price-stable payments" to its high-throughput blockchain.

G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins
National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says.

