Stablecoins

Australia

Australian Payment Card Company to Trial Micropayments Using Hedera Hashgraph

Eftpos Australia is using Hedera Hashgraph to trial a micropayments system that could rival traditional online methods.

Business  ·  22 July 2020
Stablecoins

Are Stablecoins Eurodollars 2.0? Long Reads Sunday

Long Reads Sunday features two essays previously published on CoinDesk that show the trajectory of stablecoins in the global economy in 2020.

People  ·  19 July 2020
Newsletters

First Mover: ‘Boring’ Bitcoin Shrugs Off Twitter Hack as Stablecoins Co-Opt Satoshi’s Dream

Prices for bitcoin barely budged, even as a scam involving the cryptocurrency appeared to be the motivation for a massive Twitter hack.

Markets  ·  16 July 2020
China

Hong Kong Citizens Turn to Stablecoins to Resist National Security Law

Hong Kong's national security law enables the government to seize and confiscate assets if one commits a "political crime." Some local citizens are turning to stablecoins for protection, while exploring other decentralized technology to resist censorship.

Policy & regulation  ·  15 July 2020
Stablecoins

Hyper-Stablecoinization: From Eurodollars to Crypto-Dollars

Crypto-dollarization is the world's next best hope to meet its insatiable demand for U.S. dollars.

Policy & regulation  ·  12 July 2020
Brazil

Brazil’s Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction

Brazilian crypto users are increasingly turning to USD-pegged stablecoins as the country's real sinks to record lows against the dollar.

Business  ·  8 July 2020
Coinbase

Former US Treasury Secretary Laurence Summers Expects ‘a Ton of Innovation’ Around Stablecoins

Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example of their usefulness.

Markets  ·  3 July 2020
Cryptocurrency

EU Creating a Regulatory Regime for Cryptocurrencies, Says Economic Chief

The planned regulatory regime could include stricter rules for projects deemed "global stablecoins," a subtle reference, possibly, to Libra.

Policy & regulation  ·  26 June 2020
DeFi

Some Numbers That Show Why Yield Farming COMP Is So Seductive

COMP has created a sudden craze for "yield farming." Here are three scenarios illustrating the risks and rewards of DeFi's latest trend.

Tech  ·  25 June 2020
Coinbase

Circle, Coinbase Bring USDC Stablecoin to Algorand’s Blockchain

The CENTRE consortium is teaming up with the Algorand Foundation to launch the USDC stablecoin on the Algorand network.

News  ·  25 June 2020
DeFi

COMP’s Sudden Growth Has Swamped a DEX Dealing Only in Stablecoins

One of the newer entrants to the DeFi space, Curve, is riding the wave of demand for the freshly issued Compound governance token, COMP.

Tech  ·  16 June 2020
CBDCs

In the Wildcat Era of Stablecoins, Commercial Banks Have New Rails to Ride

Today's stablecoin market mirrors the “wildcat banking” era of the mid-1800s, when banks printed their own dollars. Like then, federal intervention is likely.

Markets  ·  16 June 2020
Tether

Coinbase Custody Deleted Tweet That Could Explain Surge in Tether Addresses

In a now-deleted tweet, Coinbase Custody International announced on Twitter it was adding support for withdrawals and deposits in the stablecoin tether.

Markets  ·  10 June 2020
Coinbase

Crypto Payroll Startup Bitwage Lets Earners Sidestep Volatility With Stablecoin Payments

Offering the option to receive wages in the USDC stablecoin removes the volatility risk for earners.

Business  ·  10 June 2020
CBDC

Stablecoins Are the Bridge From Central Banks to Consumer Payments

Stablecoins can mediate between central bank digital currencies and the consumer payments universe, says Sila's Alex Lipton.

Markets  ·  30 May 2020