Stablecoins


Markets

Are Stablecoins Eurodollars 2.0? Long Reads Sunday

Long Reads Sunday features two essays previously published on CoinDesk that show the trajectory of stablecoins in the global economy in 2020.

(George Pagan III/Unsplash)

Markets

First Mover: 'Boring' Bitcoin Shrugs Off Twitter Hack as Stablecoins Co-Opt Satoshi's Dream

Prices for bitcoin barely budged, even as a scam involving the cryptocurrency appeared to be the motivation for a massive Twitter hack.

(Kon Karampelas/Unsplash)

Policy

Hong Kong Citizens Turn to Stablecoins to Resist National Security Law

Hong Kong's national security law enables the government to seize and confiscate assets if one commits a "political crime." Some local citizens are turning to stablecoins for protection, while exploring other decentralized technology to resist censorship.

CoinDesk Archive

Policy

Hyper-Stablecoinization: From Eurodollars to Crypto-Dollars

Crypto-dollarization is the world's next best hope to meet its insatiable demand for U.S. dollars.

Euros (Imelda/Unsplash, modified using PhotoMosh)

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Finance

Brazil's Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction

Brazilian crypto users are increasingly turning to USD-pegged stablecoins as the country's real sinks to record lows against the dollar.

Brazil

Markets

Former US Treasury Secretary Laurence Summers Expects 'a Ton of Innovation' Around Stablecoins

Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example of their usefulness.

Former U.S. Treasury Secretary Lawrence Summers (The Money Movement/YouTube)

Policy

EU Creating a Regulatory Regime for Cryptocurrencies, Says Economic Chief

The planned regulatory regime could include stricter rules for projects deemed "global stablecoins," a subtle reference, possibly, to Libra.

Valdis Dombrovskis,  Executive Vice President of the European Commission for An Economy that Works for People (Alexandros Michailidis/Shutterstock.com)

Tech

Some Numbers That Show Why Yield Farming COMP Is So Seductive

COMP has created a sudden craze for "yield farming." Here are three scenarios illustrating the risks and rewards of DeFi's latest trend.

an honest yield farmer

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Markets

Circle, Coinbase Bring USDC Stablecoin to Algorand's Blockchain

The CENTRE consortium is teaming up with the Algorand Foundation to launch the USDC stablecoin on the Algorand network.

Circle CEO Jeremy Allaire.

Tech

COMP's Sudden Growth Has Swamped a DEX Dealing Only in Stablecoins

One of the newer entrants to the DeFi space, Curve, is riding the wave of demand for the freshly issued Compound governance token, COMP.

(Menno van der Haven/Shutterstock)