CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

stablecoins

JPMorgan: The Shrinking Stablecoin Market Is Another Sign of Investors’ Exodus From Crypto

It’s difficult to see a sustained recovery in crypto prices without stablecoin outflows stopping, the report said.

By Will Canny

Nov 17, 2022 at 11:56 a.m. UTC

Nov 17, 2022

Stablecoinsmarket analysisMarket CapitalizationAnalysis

CDCROP: U.S. Sen. Kirsten Gillibrand (D-N.Y.) (Jesse Hamilton/CoinDesk)

US Sen. Gillibrand Says a Last-Ditch Stablecoin Bill May Still Emerge This Year

Sen. Kirsten Gillibrand, one of the most crypto-friendly Democrats in the Senate, said she hopes a regulatory bill will be introduced in the “next few weeks.”

By Jesse Hamilton

Nov 16, 2022 at 6:41 p.m. UTC

Nov 16, 2022

regulationsSenateLegislationstablecoin regulationStablecoins

Tether Dominates Curve's 3pool Liquidity With DAI, USDC Accounting for Just 15%

Tether accounts for 85% of the total liquidity in Curve's 3pool. While the stablecoin is seeing some volatility, the price remains firmly near the 1:1 U.S. dollar peg,

By Omkar Godbole

Nov 10, 2022 at 12:34 p.m. UTC

Nov 10, 2022

USDTTetherMarketsStablecoinsUSDC

CDCROP: Circle CEO Jeremy Allaire is part of the consortium behind USDC (Danny Nelson/CoinDesk)

Crypto.com Halts Solana USDC and USDT Deposits, Withdrawals

The crypto trading platform cited “recent industry events” in an email to users announcing the suspension.

By Sam Kessler

Nov 9, 2022 at 7:46 p.m. UTC

Nov 9, 2022

SolanaUSDCStablecoins

CDCROP: Stones stacked atop one another besides the ocean (Colton Sturgeon/Unsplash)

JPMorgan: Lessons Learned From the Crypto Crash

The recent market slump highlights the risks stemming from regulatory shortcomings, the bank said.

By Will Canny

Nov 8, 2022 at 5:30 p.m. UTC

Nov 8, 2022

StablecoinsAnalysisJPMorgan

CDCROP: Magic Internet Money MIM chart (Coingecko)

Abracadabra's MIM Stablecoin Briefly Lost Dollar Peg as FTX's FTT Token Tanked

FTT is the largest collateral backing MIM, accounting for 33% of the total collateral locked in Abracadabra's "cauldrons."

By Omkar Godbole

Nov 8, 2022 at 12:54 p.m. UTC

Nov 8, 2022

FTTStablecoinsMarketsFTX

Crypto Update | Bitcoin Is the Song That Does Not End

With crypto traders looking ahead to this week's midterm elections in the U.S. and a key inflation report, plus what financial media “gurus” fail to notice about bitcoin, CoinDesk’s “Markets Daily” is back with the latest news roundup.

By Adam B. Levine Adrian Blust

Nov 7, 2022 at 4:21 p.m. UTC

Nov 7, 2022

PodcastsMarkets DailyBitcoinMidterm electionInflationStablecoins

CDCROP: Coinbase Opens At $102 Billion Valuation With Initial Public Offering (Robert Nickelsberg/Getty Images)

Business

Cbdcs

Needham's John Todaro Says USDC Is ‘Exciting’ for the Long Term and Will Benefit Coinbase

The vice president at the investment and asset management firm discusses whether the stablecoin could become the “de facto” U.S. central bank digital currency.

By Fran Velasquez

Nov 4, 2022 at 6:51 p.m. UTC

Nov 4, 2022

CBDCsCoinbaseUSDCCoinDesk TVStablecoins