Get the latest news on stablecoins–cryptocurrencies that are pegged to a fiat currency.
FTX crash pushes Bitcoin to self-custody; Ethereum switched for stablecoins
Illiquid Bitcoin supply spiked over last week, while the top four stablecoin dominance beat Ethereum's.
Tether reportedly puts FTX’s $46M in USDT on ice
Reports revealed that the seizure was carried out following orders of law enforcement agencies.
Stablecoins fall below Dollar parity as turbulence impacts entire market
USDT, USDC, DAI all drop below $1 as market forces effect stablecoins across the industry
Tether, Circle deny exposure to FTX, Alameda
Circle CEO said the firm has a little equity in FTX and other crypto exchanges like Kraken, BinanceUS etc.
BUSD supply dominance grows as USDT’s supply drops 4%
Terra's UST implosion impacted trust in other stablecoins and the broader crypto market.
Ripple XRP Ledger integrates NFTs, Euro Stasis stablecoin
Euro Stasis chose XRPL because of its scalability, speed and cheap transaction costs.
SBF hints FTX could potentially create its own stablecoin
FTX founder Sam Bankman-Fried said that the Second Great Stablecoin War had begun following Binance-backed BUSD's supply growth.
Stablecoin regulation could spell the beginning of the end for DeFi
One of the key areas of centralization is found with the various stablecoins that make up a large portion of the DeFi economy.
UK lawmakers votes to recognize crypto as regulated financial instrument
Andrew Griffith's proposal seeks to include crypto assets as part of services to be regulated by the Financial Services and Markets Act.
Coinbase to custody up to $1.6B USDC for MakerDAO
MakerDAO will earn approximately $24 million from Coinbase Prime's 1.5% rewards.
Research: Top 4 stablecoins gaining market dominance despite stagnant growth since May
Tether's (USDT) market share stood at 90% in 2020 but has since called to roughly 50% as other stablecoins gained ground in the industry.
FDIC acting chairman wants stablecoins to be safer before integration into financial system
Acting FDIC Chairman Martin Gruenberg said that stablecoins could disrupt the banking system if properly regulated and integrated into the mainstream economy.
Bitcoin, DeFi space see light, NFT market declines in Q3
In July, the cryptocurrency market cap reached a low of $903 billion, but it recovered significantly in Q3 and reached $1.2 trillion in August.
Tether reduces commercial paper reserves for USDT to zero
Tether said it has cut its commercial paper to zero, and will invest more in U.S. Treasury Bills and short-term government-issued debt.
Terra USTC spikes 33% after talks of re-peg
The proposal has led to increased interest in USTC and other Terra classic ecosystem tokens.
Tether reduces commercial paper exposure to below $50M, Treasury bills rise to 58.1% of reserve
As of Sept. 30, Tether holds 58.1% of its reserve assets in U.S. Treasury bills, while aggressively reducing its commercial paper exposure to below $50 million.
DeFi needs to be regulated ‘carefully and thoughtfully,’ says Fed chair Jerome Powell
Powell said that central banks will always be the main trust anchor behind money and stablecoins borrow the trust from the underlying issuer.