Stablecoins

Stablecoins

Policy

Clarity Act will benefit banks more than crypto, former CFTC chair says

Former CFTC Chair Christopher Giancarlo says banks, more than crypto firms, need the stalled Digital Asset Market Clarity Act.

J. Christopher Giancarlo, Former Chairman, U.S. Commodity Futures Trading Commission, Willkie Farr & Gallagher (Shutterstock/CoinDesk)

Finance

Bitcoin purist Jack Dorsey says that his firm is reluctantly giving in to stablecoin craze

The shift comes as stablecoins surge in popularity and competitors like Stripe and PayPal add stablecoin options, increasing market pressure.

Block CEO Jack Dorsey (Joe Raedle/Getty Images)

Finance

Circle moves $68 million in just 30 minutes by using its own stablecoin for internal payments

The stablecoin issuer used its Mint platform for intercompany transfers, replacing bank wires that often take days to settle, CEO Jeremy Allaire said.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

CoinDesk Indices

Crypto for Advisors: Tokenization offers always-on global investment access

Using blockchain technology, tokenization is creating a new, always-on investment market, giving people worldwide easy and fractional access to wealth-building assets.

(Unsplash+)

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 (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)