Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
The executive order is reportedly aimed at directing state agencies to formulate a government-wide strategy to regulate crypto assets and examine financial stability issues that may arise from digital assets.
Assad Jafri 2 min read 
Let the private sector come up with a solution to the CBDC dilemma. Maybe you heard it before, but the U.S. already has a, or rather several, digital dollars. They’re called stablecoins, and all the U.S. government basically has to do, to leapfrog China, is to say okay.
While the Chinese digital yuan is being rolled out during the Beijing Winter Olympics, the European Union is now planning to propose a bill for a digital euro early next year.
The total market cap of all stablecoins surpassed $150 billion on Monday. Tether’s USDT is still the largest stablecoin on the market, but Center’s USDC is catching up.
Checking against the internal record of blacklisted addresses cost USDC users millions of dollars each month. This makes the stablecoin USDC around 40% more expensive to use than the decentralized stablecoin DAI.
Circle-backed stablecoin, USDC, now controls around 30% of the stablecoin market share after minting its 50 billionth token.
The potential digital dollar is the embodiment of everything the crypto industry fears.
Founded by Terraform Labs, non-profit Luna Foundation Group, is set out to support the stability of the stablecoin UST peg, and allocate grants for ecosystem builders.
The amount of USDC stablecoin issued on the Ethereum blockchain has surpassed that of the number one stablecoin USDT. The “flippening” is telling of the recent growth of USDC.
