Stablecoins

Stablecoins

Finance

SocGen’s Crypto Arm Unveils Dollar Stablecoin on Ethereum and Solana

SG Forge’s USD CoinVertible has Bank of New York Mellon acting as reserve custodian for the token.

SocGen sign outside an office building

Markets

Plasma’s XPL Token Sale Attracts $500M as Investors Chase Stablecoin Plays

The oversubscribed raise follows stablecoin issuer Circle’s massive IPO last week, underscoring investor appetite for stablecoin-related projects.

Plasma (Unsplash)

Finance

Deutsche Bank Considers Stablecoin or Joining Industry-Led Initiative, Exec Says

The bank is also weighing a tokenized deposit system to make payments more efficient, as regulatory clarity and pending legislation accelerate stablecoin adoption.

Deutsche bank branch with logo (Wegavision/Wikimedia Commons)

Policy

Senate Stablecoin Bill Likely to Win Massive Bipartisan Support, Dem Lawmaker Says

Republicans "adopted a lot of the amendments" Democrats wanted, Sen. Ruben Gallego said.

Ruben Gallego (Nikhilesh De/CoinDesk)

Finance

Crypto Lender Maple Finance Expands to Solana With Chainlink

Maple’s ecosystem has allocated $500,000 in incentives and coordinated over $30 million in liquidity.

Maple leaves on a branch

Policy

U.S. Federal Reserve's New Supervision Chief Will Wield Crypto Authority

Whether it's crypto's access to banking or the issuance of stablecoins, new Fed supervision chief Michelle Bowman will have a say.

Federal Reserve Governor Michelle Bowman (Federal Reserve Board)

CoinDesk Indices

Branded and Established Stablecoins Are Not Competitors; They’re a Power Combo

Branded and established stablecoins win when they work together, writes Bastion CEO Nassim Eddequiouaq.

White and gold ceramic unicorn figure

Opinion

Stablecoins Are Quietly Reinforcing U.S. National Power

Dollar-backed stablecoins are reinforcing dollar dominance, funding U.S. debt, and extending financial influence far beyond our borders.

U.S. Capitol Building (Getty Images/Tim Graham)

Policy

Stablecoin Bills in House and Senate Still Need to Mesh on Several Points: French Hill

The U.S. crypto bills are similar but must work out matters of acceptable foreign oversight, who regulates in the U.S. and on Big Tech issuers, the top lawmaker said.

Rep. French Hill (Nikhilesh De/CoinDesk)

Finance

BCB Strikes Deal with SocGen–FORGE to Distribute Euro-Pegged Stablecoin EURCV

EURCoinVertible (EURCV) is one of the first stablecoins to comply with the EU’s Markets in Crypto Assets (MiCA) framework, which came into effect earlier this year.

European Union Flag (Christian Lue / Unsplash / Modified by CoinDesk)