Stablecoin

SEC Sues Terraform Labs, CEO Do Kwon For Defrauding Investors
SEC Sues Terraform Labs, CEO Do Kwon For Defrauding Investors
On Thursday, the U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the firm behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. The SEC is cha...
SEC Sues Terraform Labs, CEO Do Kwon For Defrauding Investors

Former CFTC Chairman Massad Reacts to SEC Suing Terraform Labs, Do Kwon for Misleading Investors
Former CFTC Chairman Massad Reacts to SEC Suing Terraform Labs, Do Kwon for Misleading Investors
The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Former CFTC Chair and Ha...
Former CFTC Chairman Massad Reacts to SEC Suing Terraform Labs, Do Kwon for Misleading Investors

(Getty Images)
USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK...
(Getty Images)

(Midjourney/CoinDesk)
TrueFi’s TRU Token Rallies Over 200% After Binance’s TUSD Mint Sparks Speculation
The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
(Midjourney/CoinDesk)

(Amol Tyagi/Unsplash)
BUSD Drama Sets Stage for Stablecoin Market Reshuffling
Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets.
(Amol Tyagi/Unsplash)

(Nikhilesh De/CoinDesk)
Tether's USDT Gains $1B as Paxos Burns Over $1.8B of Binance USD Stablecoins
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny.
(Nikhilesh De/CoinDesk)

Markets Daily Podcast Cover
Crypto Update | Stablecoins Are Not Worth the Risk
With crypto markets in the green and undecided on recent CPI data, plus a look at the downside of stablecoins, CoinDesk’s “Markets Daily” is back with the latest news roundup....
Markets Daily Podcast Cover

Former Paxos Head of Portfolio Management on 'Noise and Confusion' Around Stablecoins
Former Paxos Head of Portfolio Management on 'Noise and Confusion' Around Stablecoins
Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campbell discusses the case for stablecoins and how it is a "very simple...
Former Paxos Head of Portfolio Management on 'Noise and Confusion' Around Stablecoins

Stablecoin Issuer Paxos Burns $700M Binance USD Amid Regulatory Pressure
Stablecoin Issuer Paxos Burns $700M Binance USD Amid Regulatory Pressure
Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday. That was when Paxos announced it would stop...
Stablecoin Issuer Paxos Burns $700M Binance USD Amid Regulatory Pressure

Paxos to Stop Minting Stablecoin BUSD: What Happens Next?
Paxos to Stop Minting Stablecoin BUSD: What Happens Next?
Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just af...
Paxos to Stop Minting Stablecoin BUSD: What Happens Next?