European central bank President says stablecoins are assets, not currencies
European central bank (ECB) President Christine Lagarde says although stablecoins appear to be used in various transactions they are not currencies rather should be regarded as assets. All cryptocurrencies, including stablecoins and speculative assets, “are not currencies at all,” according to Christine Lagarde, president of the European Central Bank. In an interview with World Economic […]
USDC reserves policy to be effective by September
The reserves underpinning the stablecoin USD Coin (USDC) will be consolidated into cash and US government treasuries, according to Coinbase president and COO Emilie Choi. USD Coin’s reserves will soon be exclusively kept in “cash and short duration U.S. Treasuries ,” according to a blog post published on Aug. 22 by the CENTRE Consortium, a […]
Stablecoin Wars: Can Circle Survive?
For USDC to become the undisputed king of stablecoins, a number of factors must come together in the proper way for this to happen. USDC, the stablecoin that Circle operates, and its CEO, Jeremy Allaire, have ambitious goals for their respective companies and for USDC. Allaire noted in a blog post this week that Circle […]
Stellar Network launches Chilean Peso stablecoin
CLPX, a stablecoin pegged to the Chilean Peso that launched on Stellar this week, is aiming to gain popularity in the remittance and copper markets, among other things. It is now possible to use a stablecoin that is tied to the value of the Chilean Peso on the open-source Stellar payments network, but it has […]
Unstoppable Domains CEO forecasts that the stablecoin market will reach $1 trillion by 2025
Unstoppable Domains CEO Matthew Gould, an early crypto bull, predicts Bitcoin will not repeat its all-time high of $64,000 for at least a year. Despite the current regulatory uncertainties, Unstoppable Domains CEO Matthew Gould believes the private stablecoin business will explode in the next four years. Gould anticipated that the stablecoin market would surpass $1 […]