Stablecoins


Finance

Euro Stablecoin Market Cap Doubles in Year After MiCA, Study Finds

Prior to MiCA, euro-denominated stablecoins' market cap contracted by 48% in the year leading up to June 2024.

Euro. (jojooff/Pixabay)

Policy

New IMF Report Warns of Stablecoin Risk, Sparking Criticism From Experts

The IMF released a report that campaigns in favor of CBDCs and warns against the risk stablecoins represent, sparking criticism among crypto experts.

IMF logo

Finance

MoneyGram Taps Fireblocks to Expand Stablecoin Use in Global Payments and Treasury Ops

The deal aims to bring stablecoin settlements and programmable treasury tools to MoneyGram’s global network.

MoneyGram app (MoneyGram)

Finance

U.S. Debt Growth Will Drive Crypto's Gains, BlackRock Says in Report on AI

The world’s largest asset manager released its AI report with a bearish outlook on U.S. bonds and the country’s economy, and presented a bullish projection for crypto adoption.

The BlackRock company logo is seen outside of its NYC headquarters. (Photo by Michael M. Santiago/Getty Images)

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CoinDesk Indices

Crypto Long & Short: Don’t Write Off Euro Stablecoins Just Yet

In this week’s Crypto Long & Short Newsletter, Martin Bruncko writes that the next big step for stablecoins will be a credible, scalable euro-denominated stablecoin issued by the private sector, not another USD token. Then, we dive into the sharp post-holiday crypto selloff, the upcoming Fusaka upgrade, and why ETH’s role is crucial in leading any broader market recovery — with Andy Baehr’s “Vibe Check.

Biking on Cobblestone street

Markets

S&P's Tether Downgrade Revives 'De-pegging' Risk Warning, HSBC Says

The rating agency's Tether downgrade flags redemption risk, potentially nudging institutions to higher-rated stablecoins and tokenized deposits.

Tether (CoinDesk)

Finance

Sony’s Blockchain Partner Startale Launches Dollar Stablecoin on Soneium

The Startale USD token, developed with M0, aims to power payments and rewards across the electronics giant Sony's Web3 ecosystem.

Sony (CoinDesk Archives)

Policy

Taiwan Authorities Say Island's First Regulated Stablecoin Will Debut Next Year

Regulators have not decided whether the token will be tied to the Taiwan dollar or the U.S. dollar, a choice that will determine how deeply it tests the island’s currency controls.

(Vas/Unsplash)

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Finance

BNP Paribas Joins EU Bank Stablecoin Venture Helmed by Ex-Coinbase Germany Exec

The group of 10 banks plans to introduce its euro stablecoin next year under a new Dutch entity named Qivalis.

The Qivalis venture aims to release a stablecoin that complies with the EU's MiCA regulations. (Christian Lue / Unsplash / Modified by CoinDesk)

Finance

Unlimit Debuts Stable.com, a Decentralized Clearing House Built for Stablecoins

The new non-custodial platform brings stablecoin swaps and global fiat off-ramps into one place, aiming to make the process more seamless for users.

Stablecoin networks (Unsplash, modified by CoinDesk)