US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets
Patrick McHenry implied that the U.S.' regulation of stablecoins with a “single regulator at the federal level” would likely fail.
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Polygon stablecoin QiDAO exploited for $13M on Superfluid vested contract
Early information suggested that the stolen funds belonged to some of the early backers of the project and included team vested tokens.
New gold-based stablecoin by trading giant Mitsui reportedly on the way
Mitsui is reportedly planning to launch its gold-pegged stablecoin ahead of DCJPY, another major Japanese stablecoin project.
Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin
Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled…
Vale Diem: How Facebook’s ambitious stablecoin project came to an end
It only took Libra/Diem two years to come full circle from publishing its white paper to falling apart.
Diem stablecoin co-founder praises Bitcoin for censorship resistance
Meta’s Diem co-creator David Marcus said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019.
Circle Launches USDC on Flow Blockchain
Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain…
Mark Zuckerberg’s stablecoin project Diem officially shuts down
Meta has officially given up on its stablecoin project Diem after more than two years of efforts to launch the digital currency.
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