Brazil bank BTG Pactual to issue USD-pegged stablecoin
The new U.S. dollar-pegged stablecoin aims to help BTG Pactual’s customers interact between the traditional financial system and the digital economy.
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Stress test? What Biden’s bank bailout means for stablecoins
A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional…
Do algorithmic stablecoins have a future as centralized coins are under scrutiny?
Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts.
Blockchain and regulated stablecoins to be widely used by 2030, industry execs say
Digital regulatory professionals have predicted the wide use of stablecoins worldwide by 2030, despite the current competition between TradFi and DeFi.
Stablecoins are solution to crypto’s banking problem, exec says
Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues.
Circle prefers reserves and payment rails with the Fed, says exec
Circle’s APAC vice president said the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed in light of the recent banking…
Circle announces USDC launch for Cosmos via Noble network
The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains.
MakerDAO passes new ‘constitution’ to formalize governance process
The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities.
Euler Finance exploiter returns another $37.1M worth of ETH and DAI
The exploiter originally drained $195 million worth of ETH and tokens from the protocol but has now returned around $138 million.
MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan
The passed measure ends the 1% USDC to DAI minting fee that was previously implemented.
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