Stablecoin

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

Source: en.wikipedia.org

Circle Tells Federal Reserve a CBDC ‘Could Destabilize’ Banking

Circle Tells Federal Reserve a CBDC ‘Could Destabilize’ Banking
Circle Tells Federal Reserve a CBDC ‘Could Destabilize’ Banking
May 25, 2022  |  CBDC

Circle has responded to a Federal Reserve paper Wednesday (May 25) about the possibilities of a U.S. central bank digital currency (CBDC), saying it could...

READ MORE >
Terra to Restart Luna Blockchain, Abandon UST Stablecoin
Terra to Restart Luna Blockchain, Abandon UST Stablecoin
May 25, 2022  |  Blockchain

A founder of the troubled Terra ecosystem has gotten a proposal approved to salvage the project in the wake of the collapse of the UST...

READ MORE >
Did Stablecoin’s Collapse Pose Broader Threat? BoA, Goldman Disagree
Did Stablecoin’s Collapse Pose Broader Threat? BoA, Goldman Disagree
May 24, 2022  |  Cryptocurrency

The collapse of the TerraUSD stablecoin didn’t just drain $45 billion from investors following a run earlier this month. It raised questions about the stability...

READ MORE >
Banking Trade Groups Sour on Digital Dollar, Citing Drain on Credit
Banking Trade Groups Sour on Digital Dollar, Citing Drain on Credit
May 23, 2022  |  CBDC

Wall Street lenders want the U.S. government to slow down on their plans for a digital dollar, Bloomberg reported Monday (May 23). Get the Full...

READ MORE >
12 Years On, Bitcoin Pizza Day Finally Sees Crypto Payments Gain Traction
12 Years On, Bitcoin Pizza Day Finally Sees Crypto Payments Gain Traction
May 23, 2022  |  Bitcoin

Sunday was Bitcoin Pizza Day, the annual crypto industry holiday celebrating the first known use of bitcoin as a payments currency. Get the Full Story...

READ MORE >
G-7 Leaders Cold on Crypto, Warm on CBDCs
G-7 Leaders Cold on Crypto, Warm on CBDCs
May 23, 2022  |  Legal & Regulation

The finance ministers and central bank governors from the G-7 met in Germany last week to discuss global economic issues, including cryptocurrencies and central bank...

READ MORE >
Coinbase Cuts Down on AWS, Other Services to Trim Costs
Coinbase Cuts Down on AWS, Other Services to Trim Costs
May 19, 2022  |  Cryptocurrency

Coinbase, facing declining revenues, is putting a pause on new business projects, a report from The Information said Thursday (May 19). Get the Full Story...

READ MORE >
$45B Stablecoin Rout Confirms Worst Fears about Crypto’s Need for Reserves
$45B Stablecoin Rout Confirms Worst Fears about Crypto’s Need for Reserves
May 19, 2022  |  Cryptocurrency

The spectacular collapse of a top-three stablecoin last week has erased $45 billion and left crypto with a confidence crisis that goes far deeper. Get...

READ MORE >