Stablecoins
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Altcoins
Binance converts its BUSD in SAFU funds to other stablecoins
Paxos-issued BUSD exists from Binance’s SAFU funds as a move made in users’ interest The stablecoin was previously taken out…
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DeFi
Debtors saved over $100M using de-pegged stablecoins to repay loans
The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments…
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DeFi
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the…
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How and why do stablecoins depeg?
Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket…
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Analysis
Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor
Ad Nine of the top 10 stablecoins by market cap are trading below their dollar peg as the market reels…
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Regulation
US Fed to create new crypto team amid concerns about unregulated stablecoins
The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in…
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Regulation
Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair
Stablecoins and Ether (ETH) are commodities that should come under the purview of the United States Commodity Futures Trading Commission,…
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Regulation
CFTC chair Rostin Benham deems Ethereum, stablecoins to be commodities
Ad CFTC chair Rostin Benham said that various digital assets, including Ethereum and stablecoins, are commodities during a senate hearing…
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Regulation
Machine money gains traction among EU regulators; stablecoins under consideration
Ad As the crypto asset market has expanded dramatically in recent years, stablecoins have also experienced remarkable growth. In response…
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Regulation
Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27
Last week was relatively calm regarding enforcement news but brought some peculiar local developments in regulation. United States Representative Tom…
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