USDC

BlockFi Receives Cease and Desist Order From New Jersey Acting Attorney General

Crypto lending platform BlockFi has received an order from New Jersey’s acting attorney general (AG) to halt its Interest Account (BIA) operations in the U.S. state. CoinDesk’...

By CoinDesk Staff

Jul 21, 2021 at 2:56 p.m. UTC

Jul 21, 2021

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Markets

Bitcoin

Market Wrap: What’s Next for Bitcoin After Break Below $30K

Bitcoin broke below $30K. Some analysts see value opportunities while others expect further downside.

By Damanick Dantes Lyllah Ledesma Frances Yue

Jul 20, 2021 at 8:31 p.m. UTC

Jul 20, 2021

BitcoinRegulationBitcoin PricecryptocurrenciesUSDCBitcoin VolatilityMarket WrapInstitutional Adoption

Video

Circle

Circle: USDC Backed 61% by Cash and Cash Equivalents

In its latest attestation report, global payments company Circle revealed Tuesday about 61% of its stablecoin USDC is backed by “cash and cash equivalents,” meaning cash and m...

By CoinDesk Staff

Jul 20, 2021 at 6:13 p.m. UTC

Jul 20, 2021

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Yellen Urges Federal Agencies to 'Act Quickly' on Stablecoin Regulation

Video

Nikhilesh de

Yellen Urges Federal Agencies to ‘Act Quickly’ on Stablecoin Regulation

Treasury Secretary Janet Yellen convened a meeting Monday of the President’s Working Group on Financial Markets (PWG) to discuss stablecoins. CoinDesk’s Nikhilesh De shares th...

By CoinDesk Staff

Jul 20, 2021 at 2:45 p.m. UTC

Jul 20, 2021

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Finance

Circle

Circle Reveals Assets Backing USDC Stablecoin

Crypto's No. 2 stablecoin is backed mostly – 61% – by cash and cash equivalents. Here's what comprises the rest.

By Nikhilesh De

Jul 20, 2021 at 1:41 p.m. UTC

Jul 20, 2021

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Markets

Mastercard

Mastercard to Test USDC for Payments as Stablecoin Scrutiny Intensifies

Mastercard will use the USDC stablecoin as a bridge asset for cardholders who want to pay for goods using cryptocurrencies.

By Nikhilesh De Marc Hochstein

Jul 20, 2021 at 11:00 a.m. UTC

Jul 20, 2021

MastercardCirclePaxosUSDC

Markets

Opinion

If Stablecoins Cause Instability, Regulators Have Themselves to Blame

Pseudonymity is a key reason for the emergence of the $110 billion stablecoin market. If regulators are worried about financial stability, they should have some KYC controls.

By JP Koning

Jul 19, 2021 at 6:38 p.m. UTC

Jul 19, 2021

OpinionStablecoinsUSDCDeFi