stablecoins

Technology

As crypto becomes increasingly integrated into the real economy, massive downturns could begin to impact regular people, especially if stablecoins collapse (Matt Levine/Bloomberg)

[ad_1] Matt Levine / Bloomberg: As crypto becomes increasingly integrated into the real economy, massive downturns could begin to impact…

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Business

Regulators are growing anxious about stablecoins after Terra’s stunning collapse

[ad_1] The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators…

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Technology

Most rival algorithmic stablecoins are below the dollar peg after UST's collapse, while the two largest stablecoins Tether and USDC are holding their dollar peg (Joanna Ossinger/Bloomberg)

[ad_1] Joanna Ossinger / Bloomberg: Most rival algorithmic stablecoins are below the dollar peg after UST’s collapse, while the two…

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Technology

In an interview, Gary Gensler says crypto exchanges are "commingling" services to the detriment of customers and highlights their ties with popular stablecoins (Bloomberg)

[ad_1] Bloomberg: In an interview, Gary Gensler says crypto exchanges are “commingling” services to the detriment of customers and highlights…

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Technology

Janet Yellen says that passing legislation this year to create a regulatory framework for stablecoins "would be highly appropriate", after UST's stumble (Paul Kiernan/Wall Street Journal)

[ad_1] Paul Kiernan / Wall Street Journal: Janet Yellen says that passing legislation this year to create a regulatory framework…

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Stock Market

Terra’s UST De-Pegs by 40%, Raising Questions About Feasibility of Algorithmic Stablecoins The algorithmic stablecoin dropped below its $1 peg as the LUNA token plunged.

[ad_1] Terra’s stablecoin UST, the poster child for decentralized assets tied to the US dollar, is off its peg by…

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Technology

Algorithmic stablecoins like TerraUSD have surged in popularity, but critics say they are inherently risky as they aren't backed by any assets at all (Alexander Osipovich/Wall Street Journal)

[ad_1] Alexander Osipovich / Wall Street Journal: Algorithmic stablecoins like TerraUSD have surged in popularity, but critics say they are…

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Technology

US policy makers identified stablecoins as an initial target for regulation, asking lawmakers to pass legislation that would treat stablecoin issuers like banks (Andrew Duehren/Wall Street Journal)

[ad_1] Andrew Duehren / Wall Street Journal: US policy makers identified stablecoins as an initial target for regulation, asking lawmakers…

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Technology

Lightning Labs raises a $70M Series B for its Lightning Network-powered Taro protocol, which could bring stablecoins and other assets to Bitcoin's blockchain (George Kaloudis/CoinDesk)

[ad_1] George Kaloudis / CoinDesk: Lightning Labs raises a $70M Series B for its Lightning Network-powered Taro protocol, which could…

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Technology

Unpacking Terra's design for its algorithmic stablecoins and how partial collateralization using bitcoin reserves could impact its price stabilization mechanism (damsondao/P — Mirror)

[ad_1] damsondao / P — Mirror: Unpacking Terra’s design for its algorithmic stablecoins and how partial collateralization using bitcoin reserves…

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