Stablecoin
Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin
Circle said on Wednesday that it plans to launch its USD coin (USDC) stablecoin – the second-largest dollar-backed stablecoin by market capitalization – natively on Cosmos in early 2023. Jelena Djuric, ecosystem lead at Cosmos Research, discusses what this means for the Cosmos ecosystem and decentralized finance.
Jack Dorsey’s TBD Team Partners With Circle to Take US Dollar Stablecoin Savings, Remittances Global
TBD, the bitcoin-focused subsidiary of Jack Dorsey’s Block, is teaming up with USDC stablecoin issuer Circle to bring cross-border dollar-linked stablecoin transfers and savings to investors globally. “The Hash” team discusses what this means for the stablecoin markets and the crypto industry at large.
Crypto Goes Local: How Great Barrington Is Using ‘Digital BerkShares’
Humanity Cash CEO Fennie Wang and Berkshire Food Co-op President Phyllis Webb join “Community Crypto” to explain how “BerkShares,” a local dollar-pegged cryptocurrency for the Berkshire region, aims to keep money circulating in their community and provides economic opportunities to small businesses and banks.
Celsius Asks for Court’s Permission to Sell Stablecoin Holdings
According to new court filings, Celsius Network has asked the court for authorization to sell its stablecoin holdings in order to generate liquidity to help fund its operations. The troubled crypto lender owns 11 forms of stablecoins totaling approximately $23 million, according to disclosures.
Binance Exec on Converting USDC, Other Stablecoins to BUSD: ‘Not a Surprise’
Binance is converting user funds to its Binance USD (BUSD) stablecoin from alternatives, including the larger USD coin (USDC). Binance Chief Communications Officer Patrick Hillmann shares his insights and why “it really shouldn’t be that big a surprise.” Plus, his take on Tether (USDT).
Circle CEO Expects USDC to Benefit From Binance's Auto-Converting
Beginning late September, USD coin (USDC), Paxos dollar (USDP) and trueUSD (TUSD) will no longer be traded at Binance, and deposits will automatically be converted to Binance USD (BUSD). Circle CEO Jeremy Allaire expects USDC to benefit from getting booted. "The Hash" hosts discuss what this means for the global stablecoin markets.
Binance to Stop Supporting USDC
Binance, issuer of third-biggest stablecoin, announced it will automatically move customers' funds to its Binance USD (BUSD) token from alternatives, including the larger USD Coin (USDC). "The Hash" panel discusses what this means for stablecoin regulation and the competition between BUSD and USDC.
House’s Stablecoin Bill Likely to Face Major Delays as Negotiations Continue
The congressional efforts toward stablecoin oversight could face fatal delays as negotiations in the House Committee on Financial Services drag out further than the calendar is likely to allow. CoinDesk's Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.
Binance Halts USDC Support; Inflation Hits Crypto
Issuer of USDC questions Binance’s move to convert users’ stablecoin holdings into its own BUSD. Meanwhile, inflation takes a bite out of financial assets. More on those stories and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
