Stablecoins

DeFi Startup Compound Finance Raises $25 Million Series A Led by A16z

Lending protocol Compound Finance just raised $25 million in a round led by Andreessen Horowitz’s a16z crypto fund, marking one…

Three Fronts in the Global Digital Currency Wars

Jeremy Allaire is co-founder, CEO and chairman of Circle, a global financial services company that provides a platform for individuals,…

Binance Exchange Is First Client for Paxos’ New Dollar Gateway

Regulated blockchain company Paxos has launched a product allowing crypto exchange customers to more easily fund their accounts with traditional…

Tether Says Its Stablecoin Is ‘Fully Backed’ Again

USDT tokens are now fully backed by Tether’s reserves, the stablecoin issuer said Thursday. Tether published a response to what…

European Union to Regulate Stablecoins, Not Issue Its Own: Source

The European Union is taking a closer look at how to regulate stablecoins, but has no plans to issue one…

US Federal Reserve Hiring Retail Payments Manager to Integrate Digital Currencies

The U.S. Federal Reserve is hiring a manager to oversee its traditional payments section, while adding new responsibilities to the…

Binance to Open Beijing Office Amid China’s Renewed Blockchain Push

Malta-based cryptocurrency exchange Binance is opening an office in Beijing, two sources with knowledge of the matter told CoinDesk. The…

Calibra Head David Marcus Touts Libra’s Money Laundering Standards

Calibra CEO David Marcus recently claimed that the Anti-Money Laundering (AML) standards of Libra — Facebook’s proposed stablecoin project —…

Stanford Prof: Crypto Will Rain on Banks’ Low-Interest Rate Parade

A professor at Stanford Graduate School of Business says cryptocurrencies will put an end to the windfall that banks currently…

After 6 Hours of Zuckerberg Testimony, Congress Still Hates Libra

Yesterday, Oct. 23, Cointelegraph reported from the United States House of Representatives as the Financial Services Committee questioned Facebook CEO…

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