stablecoin

Sao Paulo, Brazil
Brazilian Investment Bank BTG Pactual Brings Out Dollar-Backed Stablecoin
BTG Dol is the world's first dollar-backed stablecoin issued by a bank, BTG Pactual said
Sao Paulo, Brazil

(Yagi Studio/Getty Images)
DeFi Hub Nibiru Chain Valued at $100M After $8.5M Seed Funding Round
The startup will launch its mainnet and stablecoin this summer.
(Yagi Studio/Getty Images)

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)
USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
Rival stablecoin tether (USDT) has reached its largest market share since May 2021 and now represents 60% of all stablecoins in circulation.
Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)

AI Art Artwork Charts Graphs Markets Abstract (Midjourney/CoinDesk)
Short-Term BTC Holders, Stablecoin Supplies Could Indicate Cryptos' Future Price Direction
The two data points may show whether bitcoin moves higher or declines further in the aftermath of the U.S. central bank's 25 basis point rate increase Wednesday.
AI Art Artwork Charts Graphs Markets Abstract (Midjourney/CoinDesk)

Tether logo (Nikhilesh De/CoinDesk)
Tether Stability Made It the Safest Stablecoin Bet Amid U.S. Banking Crisis, Analysts Say
Tether sold at a slight premium earlier this month even as most stablecoins were dented.
Tether logo (Nikhilesh De/CoinDesk)

Conceptual business illustration of risk zone metaphor with businessman silhouette standing like between a rock and a hard place. Minimalistic vector illustration
This Crisis Will Define the Future of Money
The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion, the echoes of crises in 2008 and 2013 are loud.
Conceptual business illustration of risk zone metaphor with businessman silhouette standing like between a rock and a hard place. Minimalistic vector illustration

(Luis Villasmil/Unsplash)
SVB Collapse Shows the Rot in U.S. Banking and Dollars
Bank balances and money itself are effectively illusions. Reserve co-founder Nevin Freeman considers an alternative.
(Luis Villasmil/Unsplash)

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
The Banking Crisis Has Been Good for Stablecoin Experimentation
Sovryn, a Bitcoin DeFi protocol, announced a new dollar proxy as others look at alternative models for collateralizing stablecoins amid a banking system crisis.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Bitcoin dominance chart (TradingView)
Bitcoin Dominance Reaches 9-Month High
The bitcoin dominance rate has climbed amid increasing turbulence in crypto markets, and more lately as the price of bitcoin also reached a nine-month high.
Bitcoin dominance chart (TradingView)

(Benjamin Davies/Unsplash)
Russians Use Tether to Send Money to the West, Evading Sanctions and KYC – Transparency International
Russian banks may be cut off from the SWIFT international payments network but, despite wide-ranging international sanctions, money keeps flowing between Russia and the West. Brokers are ready to turn Russian rubles into foreign currency abroad, in cash.
(Benjamin Davies/Unsplash)