Stablecoins

Stablecoins

Markets

Chamath Palihapitiya questions bitcoin’s role as central bank reserve asset

Billionaire Venture capitalist points to privacy and fungibility concerns, while debate grows over corporate bitcoin strategies such as Strategy’s massive holdings.

Chamath Palihapitiya (JD Lasica/Flickr Creative Commons)

Policy

ZeroHash applies for national trust bank charter to expand regulated stablecoin services

A charter would allow ZeroHash to operate under a single federal framework, rather than state-by-state rules and offer services aligned with recent legislation.

Stacks of paper files in an office (Wesley Tingey/Unsplash)

Policy

Eric Trump, World Liberty co-founder, calls banks 'anti-American' over stablecoin fight

The World Liberty Financial co-founder and presidential son posted about the ongoing negotiations on stablecoin yield on Wednesday.

Eric Trump sits holding a microphone at a panel discussion. (Keith Tanner/CoinDesk)

Policy

Brian Armstrong met with Trump before the president slammed banks over crypto bill

CoinDesk was able to confirm the meeting between the US president and the Coinbase CEO took place as Politico initially reported.

Donald Trump (Credit: Library of Congress on Unsplash/Modified by CoinDesk)

Finance

Ex-Binance communications lead joins stablecoin specialist KAST

Brad Jaffe, the former global communications leader at Binance, becomes chief communications officer at KAST.

(Danny Nelson/CoinDesk)

Finance

Sui’s native stablecoin goes live with promise of Treasury yield going back to the network

Plans for a Sui Dollar, which is issued by stablecoin firm Bridge, were introduced toward the end of last year.

Mysten Labs co-founders (from left to right): George Danezis (Chief Scientist), Sam Blackshear (CTO), Evan Cheng (CEO), Kostas Kryptos Chalkias (Chief Cryptographer), Adeniyi Abiodun (CPO)

Policy

Trump’s crypto adviser rejects Jamie Dimon on treating yield-bearing stablecoins like banks

White House adviser Patrick Witt said yield-bearing stablecoins needn't to face bank rules because the Genius Act bars issuers from lending reserves.

White House at night (Credit: Tabrez Syed on Unsplash/Modified by CoinDesk)

Policy

Trump urges passage of U.S. Clarity Act, attacks banks for 'undercutting' GENIUS

U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.

U.S. President Donald Trump (Shealah Craighead/Modified by CoinDesk)

Policy

International finance watchdog warns stablecoins are increasingly used in sanctions evasion and money laundering

In its latest report, the global standard setter FATF said stablecoins now account for the bulk of illicit crypto activity and pose growing risks through peer-to-peer transfers.

(Photo by CoinWire Japan on Unsplash/Modified by CoinDesk)

Markets

Circle shares boosted by Middle East tensions, rising oil, fading rate cut hopes, says Mizuho

The stock has risen about 20% since the U.S. strikes on Iran over the weekend.

(Sandali Handagama/ CoinDesk)