Stablecoin
FirstBank Executive on Why Banks Are Launching a Consortium to Mint Stablecoin ‘USDF’
FirstBank has joined the USDF Consortium, an association of FDIC-insured financial institutions, to build a network of banks to further the adoption and interoperability of a bank-minted stablecoin “USDF.” FirstBank Chief Administrative Officer Wade Peery shares insights into the Consortium and the state of stablecoins as part of a larger discussion on the crypto markets.
Kevin O'Leary on Stablecoin Regulation
Reacting to how DeFi should be regulated globally, "Shark Tank" star, entrepreneur, and O'Shares chairman Kevin O'Leary discusses his take on the need for stablecoin policy.
PayPal Exploring Creating Its Own Stablecoin as Crypto Business Grows
PayPal is looking into launching its own stablecoin as the company grows its crypto business. Hidden code in its iPhone app shows a potential “PayPal Coin” would be backed by the U.S. dollar. “The Hash” panel discusses Paypal’s latest crypto efforts, potentially bringing mainstream blockchain awareness.
Why Tether Freezing Over $1M Worth of USDT Belonging to 1 Address Matters
Stablecoin issuer Tether froze over $1 million worth of USDT belonging to a single address. "The Hash" host Naomi Brockwell uses this news to point out "all these stablecoins are freezable at the protocol level." The hosts dive into trade-off risks between centralized versus algorithmic stablecoins like Terra's UST.
The Evolution of DAO And What Mainstream Media Gets Wrong About Crypto
Matt Leising, the co-founder of blockchain tech firm DeCential, discusses the potentially false narratives about crypto in the media. Plus, insights into the evolution of decentralized autonomous organizations (DAOs), thoughts on the ConstitutionDAO project, and views on stablecoins.
Crypto Crash Hits Korean Game Developers; Rug-Pull Red Flags
Japan’s financial regulator seeks limits on domestic stablecoin issuance. Korean game developers hit by crypto flash crash. How to spot rug-pull red flags. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Acting Comptroller of the Currency Michael Hsu on Stablecoin Risks, Innovation, Regulation
Acting Comptroller of the Currency Michael Hsu breaks down the President’s Working Group on Financial Markets' (PWG) long-anticipated stablecoin report published last week, which proposes rigorous new oversight of stablecoin backing. He shares insights into stablecoins' operational risks, financial and technological innovation, and potential regulatory approaches. Plus, his views on DeFi.
Former CFTC Chairman Timothy Massad on White House Report on Stablecoin Regulation
The Biden Administration’s long-anticipated stablecoin report published Monday confirmed the President’s Working Group on Financial Markets (PWG) is recommending Congress to enact a law for stablecoins to be regulated like banks.
