News
James Butterfill counters claims about Tether’s solvency, pointing to a multibillion-dollar surplus despite new criticism from Arthur Hayes and S&P Global.
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Stablecoin News
One of the hindrances to mainstream cryptocurrency adoption is price volatility, as these assets are freely traded in the open market without central administrators tasked with maintaining price stability. The anticipation of potential losses and gains has hindered cryptocurrency’s use as a medium of exchange. Stablecoins, however, are cryptocurrencies designed to maintain a stable value over time, making them ideal for commercial transactions.
The introduction of stablecoins in the cryptocurrency market ushered in a new wave of liquidity, as exchanges were able to provide trading pairs with tokens representing traditional fiat currencies.
Stablecoin design takes many different forms, each with its own tradeoffs:
- Reserve-backed stablecoins: Cryptocurrencies pegged to the value of a fiat currency held in reserve by a company or consortium. E.g., Tether (USDT), USD Coin (USDC) and Paxos Standard (PAX).
- Collateralized stablecoins: Tokens backed by other cryptocurrencies that retain a one-to-one value with a fiat currency through over-collateralization to absorb potential volatility of the underlying assets. E.g., Dai and BitUSD.
- Algorithmic (seigniorage supply) stablecoins: Rather than using a reserve or collateralization to maintain a stable value, these stablecoins are facilitated through an automated expansion and contraction of the monetary supply, emulating the role of central banks in the fiat economy. E.g., Basis.
- Newsletter
Corporate Ether acquisitions declined 81% in the past three months, but the largest corporate ETH holders continued to scoop up billions of dollars in Ether.
2328 - News
Signature Bank founder Scott Shay has created N3XT, a bank aiming to provide instant 24-hour payments on a private blockchain.
2612 - News
The bond was auctioned off to holders of the digital yuan, a central bank digital currency (CBDC) developed by the Chinese government.
1702 - News
After securing $20 million in seed funding for the project in January, Brian Shroder announced a step toward 1Money’s planned stablecoin network.
1680 - News
The fund identified “strong macro-policies and robust institutions” as a response to the potential risks of stablecoins, above a patchwork of global regulations.
5310 - Research
Exclusive data shows that MEV attacks hit hundreds of traders on Ethereum each month and continue to result in millions in losses.
3776 - News
US stablecoin rules under the GENIUS Act are splitting global liquidity with Europe, creating regional markets and potentially leading to cross-border friction, a report says.
836 - News
Fin, founded by two former Citadel engineers, raised capital to launch a stablecoin app for cross-border payments as banks and fintechs expand into digital assets.
3761 - News
A Taiwan-issued stablecoin pegged to either the country’s dollar or the US dollar may enter the market in the second half of 2026.
1624 - How to
Tether’s rapid gold accumulation in Q3 2025 surpassed many national banks. This move reflects Tether’s strategy to build gold reserves.
2519 - News
Bitcoin settled $6.9 trillion in the past 90 days as a growing alternative to traditional settlement networks, but its global merchant adoption remains only a fraction of the international giants.
1990 - News
Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.
2058 - News
The entity formed by 10 banks is working on obtaining regulatory approval from the Dutch Central Bank to launch a stablecoin “in the second half of 2026.”
2176 - News
Representative Stephen Lynch questioned Fed supervisor Michelle Bowman about her comments on digital assets at a November conference in Madrid.
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