Stablecoins
Global stablecoin rulemaking slows, prompting BIS to urge cooperation to avoid fragmentation risks
To mitigate risks like sudden withdrawals, policymakers are debating safeguards such as limiting interest payments and offering issuers access to central bank backstops.
Stablecoins can help businesses turn costs into revenue, Paxos Labs cofounder says
Firms using stablecoins can reshape margins by cutting costs, unlock credit and earn yield, but not every company needs to issue a token, Paxos Labs' Chunda McCain said.
Stripe doubles down on blockchain and stablecoins, aiming to become 'AWS for money'
Demand is emerging fastest in the Global South and cross-border use cases, where cards fail and currencies are unstable, said Adrien Duchâteau, Stripe's crypto GTM lead.
U.S. government moving bitcoin tied to Bitfinex hack
The U.S. government just transferred about $606,000 of bitcoin to Coinbase Prime, with on-chain data tying the coins to the 2016 Bitfinex hack. The government currently holds roughly $24.5 billion in bitcoin as part of its strategic digital asset reserve. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
France's finance minister calls for more euro stablecoins in sign of government policy shift
The statements signal a potential shift in stance within the French government and its central bank.
Drift gets $148 million funding from Tether and partners as it replaces Circle stablecoin with USDT after massive exploit
The money will be used by Drift to recover user funds after more than $270 million in clients assets were exploited this month, and will relaunch the protocol as a USDT-based perpetuals DEX on Solana.
Tether adds $70 million in bitcoin to reserves, bringing holdings above 97,000 BTC
The USDT stablecoin issuer has now accumulated over $7.1 billion in bitcoin as part of its strategy to recycle up 15% of its profit into BTC.
JPMorgan CFO warns stablecoins risk becoming ‘regulatory arbitrage’ play
During the bank's earnings call on Tuesday, JPMorgan CFO Jeremy Barnum warned that stablecoins could become a tool for regulatory arbitrage unless they are held to the same strict oversight and consumer protection standards as traditional bank deposits.
Bank of Korea nominee backs central bank-led digital currency, sees limited role for stablecoins
The nominee, Shin Huyn-song, supported a central bank digital currency model, emphasizing the need for strict anti-money laundering and compliance controls.
Circle CEO says he won’t freeze USDC without a court order even as hackers walk away with millions
Circle defends its hands-off approach to freezing funds as critics point to hundreds of millions in losses tied to delayed action.
