Stablecoin
Circle Invested in 2 Hacked Crypto Companies
CoinDesk’s Brandy Betz revealed Nomad and Slope, which were both victims of multimillion dollar exploits this week, are backed by Circle’s venture capital arm. “The Hash” hosts discuss the fate of the USDC stablecoin-issuer amid increased regulatory scrutiny.
Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets under the latest plan for U.S. legislation still being negotiated by leaders of the House Committee on Financial Services, according to a CoinDesk source. CoinDesk's Nikhilesh De joins First Mover to discuss.
Argentinians Turn to Stablecoins Amid Economic, Political Uncertainty
Ripio Founder & CEO Sebastian Serrano discusses crypto adoption in Argentina amid high inflation in the country and why investors are showing increased interest in stablecoins.
Crypto's Liquidity Crisis and Stablecoin Concerns Could Affect Regulatory Action
Ice Miller Public Affairs Group Partner Jarrod Loadholt discusses the current state of crypto regulation as several states take action against Celsius and the bear market raises investor concerns. Loadholt addresses the recent bill proposed by Senators Cynthia Lummis and Kirsten Gillibrand, stablecoins and the federal approach of “regulation by enforcement.”
Fmr Saxo Bank CEO on Crypto and Equities Market Performance
Concordium Blockchain founder and former Saxo Bank CEO Lars Seier Christensen discusses crypto’s correlation with the equities market as bitcoin trades near $21,000 amid recession fears. Plus, insights on why investors are speculating against algorithmic stablecoins like USDT and USDD’s depegging.
Tron's TRX Jumps as DAO Deploys $220M for Token Purchase
Tron’s TRX token rose as much as 27% in the past 24 hours as its ecosystem stablecoin decentralized USD (USDD) inched closer to its intended $1 peg. “The Hash” group discusses founder Justin Sun injecting over $2 billion this week to support the Tron market.
Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads
Investors pulled out about roughly $1.6 billion this week from Tether’s dollar-pegged USDT stablecoin, according to price tracker CoinGecko. “The Hash” group discusses the outlook for the stablecoin market after the Terra’s UST meltdown.
Kevin O'Leary: We're Not at Crypto Market Bottom Yet
“Shark Tank” host and WonderFi Strategic Investor Kevin O’Leary explains why he believes the current downturn in the crypto markets isn’t over just yet. He also discusses Celsius freezing withdrawals for users, the Luna collapse, and future of stablecoin regulation in the United States.
Tether Denies Asian Commercial Paper Backing Claims, Exposure to Three Arrows Capital
Tether, the firm behind the crypto market’s largest stablecoin USDT, is denying claims that its commercial paper portfolio is 85% backed by Chinese or Asian commercial paper. “The Hash” discusses the latest developments, along with a vague tweet from the founder of Three Arrows Capital.
Crypto Market Slumps; USDD Depegging Fears
Tron founder Justin Sun steps in as USDD stablecoin loses its dollar parity. Microstrategy shares plunge as bitcoin freefalls. Binance resumes withdrawals on Bitcoin network after a temporary pause. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
