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Stablecoins

Treasury Secretary Janet Yellen (Win McNamee/Getty Images)
Policy
Regulations
Treasury Secretary Yellen Says U.S. Needs Better Stablecoin Regulation
"A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset," she told lawmakers on Tuesday.
Treasury Secretary Janet Yellen (Win McNamee/Getty Images)
By Jesse Hamilton
Feb 6, 2024 at 4:37 p.m. UTC
Feb 6, 2024
RegulationsJanet YellenStablecoinsHouse
U.S. Secretary of the Treasury Janet Yellen is set to warn lawmakers about crypto hazards to financial stability. (Jesse Hamilton/CoinDesk)
Policy
Regulations
Treasury Secretary Janet Yellen Warns of Crypto Risks
Yellen is set to tell U.S. lawmakers that the FSOC is especially wary of stablecoins and the potential for digital asset runs.
U.S. Secretary of the Treasury Janet Yellen is set to warn lawmakers about crypto hazards to financial stability. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Feb 5, 2024 at 10:56 p.m. UTC
Feb 5, 2024
RegulationsFinancial Stability Oversight CouncilJanet YellenTreasury DepartmentStablecoinsLegislation
Tether's logo (Nikhilesh De/CoinDesk)
Markets
Tether
Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says
Other stablecoins such as USD Coin may benefit from the coming regulatory crackdown and gain market share, the report said.
Tether's logo (Nikhilesh De/CoinDesk)
By Will Canny
Feb 5, 2024 at 10:56 a.m. UTC
Feb 5, 2024
TetherStablecoinsUSD Coin
Tether CEO Paolo Ardoino (Tether)
Finance
Stablecoins
Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap
The stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.
Tether CEO Paolo Ardoino (Tether)
By Krisztian Sandor
Jan 31, 2024 at 4:07 p.m. UTC
Jan 31, 2024
StablecoinsTetherUSDT
Circle to issue USDC on Celo (CELO) network to boost RWA capabilities. (Sandali Handagama/ CoinDesk)
Technology
Real world assets
Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
Circle to issue USDC on Celo (CELO) network to boost RWA capabilities. (Sandali Handagama/ CoinDesk)
By Krisztian Sandor
Jan 30, 2024 at 2:11 p.m. UTC
Jan 30, 2024
Real World Assets TokenizationStablecoinsCeloCircleUSDC
Treasury Secretary Janet Yellen chairs the Financial Stability Oversight Council, which has warned it might take action on stablecoins if Congress doesn't. (Samuel Corum/Getty Images)
Policy
Regulations
A Backdoor Regulatory Option Haunts U.S. Crypto
If all else fails with Plan A for setting up stablecoin rules with legislation, the industry's Republican allies in Washington have revealed their worry the Federal Reserve co...
Treasury Secretary Janet Yellen chairs the Financial Stability Oversight Council, which has warned it might take action on stablecoins if Congress doesn't. (Samuel Corum/Getty Images)
By Jesse Hamilton
Jan 29, 2024 at 1:00 p.m. UTC
Jan 29, 2024
RegulationsFSOCStablecoinsCongress
Hong Kong harbor skyline view into Kowloon
Policy
Regulations
Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports
Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox.
Hong Kong harbor skyline view into Kowloon
By Amitoj Singh
Jan 29, 2024 at 9:54 a.m. UTC
Jan 29, 2024
RegulationsHong KongSpot bitcoin exchange traded fundSFCETFBitcoin ETFStablecoinsHKMA
Many Turkish citizens are using stablecoins to protect their wealth amid inflation, Burak Tamaç writes. (Stefan Kostoski/Unsplashed, modified by CoinDesk)
Consensus Magazine
Opinion
In Search of Financial Freedom: The Answer Lies With Bitcoin, Not Stablecoins
"It is not enough to swap one master for another, be it a government or a corporation," Montclair State University adjunct professor Burak Tamaç writes.
Many Turkish citizens are using stablecoins to protect their wealth amid inflation, Burak Tamaç writes. (Stefan Kostoski/Unsplashed, modified by CoinDesk)
By Burak Tamac
Jan 19, 2024 at 3:46 p.m. UTC
Jan 19, 2024
OpinionBitcoinStablecoinsTetherPhilosophyTurkey
Tether to publish real time reserve data (Jorge Salvador/Unsplash)
Consensus Magazine
Opinion
Does Howard Lutnick Know ‘the Truth’ About Tether?
Speaking at Davos, the Cantor Fitzgerald CEO says the stablecoin issuer has the money to back USDT. Maybe it’s time we all started to believe in Tether, despite the “truthers”...
Tether to publish real time reserve data (Jorge Salvador/Unsplash)
By Daniel Kuhn
Jan 17, 2024 at 9:13 p.m. UTC
Jan 17, 2024
OpinionThe NodeNewslettersTetherUSDTStablecoins
Cantor Fitzgerald CEO Howard Lutnick has now vouched for Tether (World Economic Forum)
Finance
Tether
Wall Street CEO on Tether Controversy: 'They Have the Money'
Tether's $95 billion stablecoin has been dogged by questions around whether it actually holds the assets it says are backing USDT. Cantor Fitzgerald's Howard Lutnick, whose fi...
Cantor Fitzgerald CEO Howard Lutnick has now vouched for Tether (World Economic Forum)
By Helene Braun
Jan 16, 2024 at 6:39 p.m. UTC
Jan 16, 2024
TetherUSDTStablecoins