Stablecoins

Russia is advancing its crypto strategy to circumvent Western sanctions. Unable to access dollars or euros, the country may turn to stablecoins to make payments with "friendly countries," according to Russian state news agency Tass. Continue Reading →

Those of you who track the crypto market know that, over the past several months, it has generally been tracking the stock market. There was a huge issue with $UST a week ago and, since then, a class of cryptocurrency known as stablecoins has been on everyone's radar. Continue Reading →

In case you were worried, at a hearing on the Financial Stability Oversight Council’s Annual Report to Congress, United States Treasury Secretary Janet Yellen hinted that the stablecoin market is not big enough to present a threat to our financial stability. Continue Reading →

Online payments processor Stripe will allow businesses – beginning with Twitter – to start paying customers in USDC, a stablecoin whose value is tied to the U.S. dollar. Continue Reading →

Silvergate Exchange Network (a subsidiary of Silvergate Capital) confirmed it was buying assets and intellectual property from Mark Zuckerberg's Diem Group and hopes to launch a stablecoin by the end of the year. Continue Reading →