Leading Republican on House Financial Services Committee introduces bill to establish a safe harbor for digital tokens
The new bill looks to make a safe harbor for digital tokens à la Hester Peirce's proposal into law.
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stablecoins
USDT sell-off against yuan intensifies on crypto OTCs after China's crackdown
China's intensified crackdown on crypto trading has spooked some retail users to dump USDT on OTC markets on crypto exchanges.
Treasury preps stablecoin framework as officials fear stability, redemption risks: report
More details emerge from the Treasury's coming report on stablecoins.
Tether says it doesn’t hold any commercial paper issued by Evergrande
Stablecoin issuer Tether says it has never held any commercial paper or other debt issued by Chinese real estate giant Evergrande.
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Custodial crypto lending and staking products 'take on all the indicia' of securities, Gensler tells The Block
Speaking to The Block after the hearing, Gensler indicated that crypto lending and even staking platforms were likely to fall under the scope of U.S. securities laws.
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Benoit Coeure calls on central banks to 'act now' on crypto and DeFi
Benoit Coeure, a senior BIS official, has called on central banks to act fast over the rising crypto and DeFi space.
Acting US Comptroller Hsu says he's looking to the lessons of 2008 for crypto regulation
Acting Comptroller of the Currency Michael Hsu says he's looking to the past to find the tools to regulate the futuristic crypto industry.
Centre Consortium announces new team to create 'global network of stablecoins'
Centre Consortium has announced a new team to create a "global network of stablecoins," CEO David Puth told The Block.
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Celo architect Rene Reinsberg on how the upstart platform can widen access to DeFi
Celo is a proof-of-stake blockchain system designed specifically for mobile devices. And the team behind it is on a mission.
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Paxos is rebranding its stablecoin from PAX to USDP
Paxos hopes its new ticker symbol will put its dollar backing front and center.
USDC reserves will be reversed to cash and US treasuries only
Starting in September, the reserves for the USDC crypto stablecoin will be held entirely in cash and short duration US Treasuries.
Everything you need to know about the stablecoin wars
Transparency has become the name of the game in the stablecoin market. Here's why that is — and how the game has played out so far.
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'Novi is ready to come to market,' says David Marcus as Diem's future remains uncertain
Facebook Financial's leader remains confident in the need for stablecoins and Novi's future in the industry.
Future of Diem hangs in the balance as Novi looks for an alternative
Facebook's stablecoin project has run into yet another delay, and now its crypto wallet subsidiary is looking for a new stablecoin.
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Venmo launches crypto cashback for credit cards
Venmo, the mobile payments app owned by PayPal, has announced that it is launching a new crypto cashback tool.
Gemini acqui-hires DeFi platform Guesser to grow adoption of its GUSD stablecoin
Gemini has acqui-hired decentralized predictions platform Guesser to grow the adoption of its GUSD stablecoin.
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Circle wants to become a bank so it relies less on third party partners
Circle, the firm behind the USDC stablecoin, wants to become a bank in a bid to rely less on third-party payment service providers.
Tether significantly increased exposure to treasury bills as of June, per reserves report
Stablecoin issuer Tether has published a new transparency report detailing its reserves as of June 30.
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Federal Reserve governor says private stablecoins are likely better than CBDCs
A leader at the Federal Reserve is the latest to suggest that private stablecoins could do what a digital dollar is supposed to do, but better.
a16z backs $20 million round for Valora, a digital wallet built on Celo
a16z backs $20 million round for Valora, a digital wallet built on Celo