Get the latest news on stablecoins–cryptocurrencies that are pegged to a fiat currency.
Vires.Finance to be “reset” following Waves revival plan proposal to solve liquidity crisis
A proposal to "reset" Vires.Finance has received strong community support in attempting to solve the protocols liquidity crisis.
Singapore regulator responds to Terra collapse; plans to involve public in stablecoin regulations
Singapore's financial regulator confirmed that the impact of Terra's collapse on its economy was minimal and that it is working on stablecoin regulation that will include feedback from the public.
GHO Stablecoin to be launched as Aave DAO gives a 99.9% approval
Aave DAO gives development team the greenlight to launch its decentralized stablecoin GHO. Aave users will mint the stablecoin against their supplied collateral.
Research: USDC on track to flip USDT by Q3 to become leading stablecoin
USDC is expected to have a bigger market cap than Tether in the coming months due to greater compliance and transparency efforts.
IMF warns of more crypto pain ahead, including stablecoin failures
IMF Director Tobias Adrian warned crypto investors that macroeconomic factors are expected to put pressure on digital assets, particularly stablecoins.
Research: Stablecoin supply on exchanges reaches all-time high
The stablecoin supply ratio (SSR) shows that the stablecoin supply on exchanges tends to increase significantly when uncertainty hits the market.
FatManTerra announces class action lawsuit against Terraform Labs, Do Kwon, Jump Capital
A class action lawsuit naming Do Kwon personally as a defendant has been announced by FatMan Terra as he retells his story and why he created the FatManTerra account.
Stablecoin supply saw the largest quarterly contraction in history in Q2
The downturn was triggered by the collapse of TerraUSD in May, which paved the way for market share growth of fiat-backed stablecoins.
Lawmakers delay voting on US bill to regulate stablecoins till September
The draft bill, which is yet to be completed, requires lawmakers to reach an agreement on issues such as custodial wallet standards.
Tether, Bitfinex aim at building a new internet with P2P app Keet
The app will run on the Holepunch platform, which allows users to connect via text, call, or video via distributed technology.
US lawmakers propose bank-like regulation for stablecoin issuers
Stablecoin issuers would be forced to have their reserves backed in conservative assets like cash and US Treasury bonds that would not be vulnerable to market panics.
Private but regulated tokens could beat CBDCs, Australian central bank chief says
The Reserve Bank of Australia governor argued that the private sector is better than central banks at innovating tokens.
Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes
Invictus Capital ousted its founder and allegedly moved investors' funds into UST and Celsius and refused to exit positions.
Circle shuts down critics with on-going disclosures on USDC reserve assets
Following mounting criticisms, including claims of insolvency, Circle has committed to monthly disclosures on its reserve assets. The latest report shows an over-collateralization of $134 million.
Principles for Financial Market Infrastructures should be applied to stablecoins: BIS
The transfer function of stablecoins makes stablecoin issuers similar to FMIs and should, therefore, adhere to the PFMI, the report said.
Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials
The meeting between both authorities focused on issues that included “sustainable finance, crypto assets, and stablecoins.”
Russian’s Central Bank and Ministry of Finance clash over stablecoins
The Russian government agencies disagree on the viability of stablecoins, but perhaps a compromise can be reached in developing a ruble-backed stablecoin.