Regulation
Asia is a ‘huge area of focus’ for Circle, especially Hong Kong: CEO Jeremy Allaire
Allaire said that the developments in Hong Kong might reflect how the crypto market grows in Greater China.
Monika Ghosh 2 min read
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Coinbase adds support for USDC on Stellar
The addition could reduce transaction costs and allow for faster transactions.
Stablecoins
TrueUSD maintains it has no exposure to Prime Trust despite community claims
Adam Cochran questioned if TUSD minting and redemption is still available - the company states services remain open via other rails.
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SAP opens testnet registration for cross border payments in stablecoins
SAP has opened a testnet of its USDC, EUROC stablecoin cross border settlement system.
Stablecoins
Exodus integrates Sovryn stablecoin with wallet; adds asset to its $100M treasury
Users of the multi-currency wallet will soon be able to use the DLLR stablecoin.
Stablecoins
Stably pauses withdrawals, minting after Prime Trust halts deposits
The temporary halt is due to Prime Trust's halting of fiat and crypto deposits.
DAOs
MakerDAO buys $700M in US Treasury bonds
The DAI issuer continues to bolster its own treasury holdings with U.S. government debt.
Stablecoins
Powell says stablecoins are a ‘form of money’ that central banks should supervise
Powell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money, including stablecoins.
Stablecoins
NYAG releases documents detailing Tether’s exposure to Chinese securities in 2021
The NYAG released the documents under a Freedom of Information Law (FOIL) request made by CoinDesk after Tether dropped its opposition to the requests.
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Tether CTO calls USDT depeg ‘good stress test’ for company
Stablecoins
Coinbase doubles USDC rewards to 4% amid SEC scrutiny on staking services
Legal
Tether stops fighting freedom of information request, allows disclosure of reserve data
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