Binance generated controversy when it told customers it would convert their holdings in three stablecoins to its own stablecoin. Some analysts say the concerns are overblown, others disagree.
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USDC – USD Coin
Top blockchain and crypto news: USDC gets the boot from Binance. MicroStrategy looks for Lightning strikes. STEPN heads to Hong Kong.
BTC and ETH hit by volatility, while big players start investing in blockchain despite market wobbles.
Fresh claims that emerged over the weekend about the status of Circle’s USDC reserves cast doubts on the ability of the so-called stablecoin to maintain its peg. In a deep dive, Forkast examined the allegations and reached out to the company for its version of events.
Top blockchain and crypto news: Payback time for Mt. Gox investors. USDC issuer strikes back as critics circle. Chinese bank fiasco hits a nerve.
Terra UST’s crash and burn is prompting calls for regulations. But lawmakers shouldn’t paint all stablecoins with the same brush, writes Alan Chiu.
The USDD reserves sees US$500 million worth of USDC added to it. Meanwhile, the US Federal Reserve’s rate decision has the crypto market bracing for itself.
Stablecoins are taking the world by storm and it’s the US dollar that outweighs any other fiat-backed cryptocurrency. What are the reasons for the greenback’s dominance?
As stablecoins face pressure to adopt traditional safeguards, the industry’s efforts to self-regulate should not be overlooked, writes Charlie Martin of Gro.
As Circle expands into Asia as part of a global expansion plan, what does the investment in a yen-back stablecoin mean for the market?
Stablecoins combine the portability of crypto with the price stability of fiat currencies. But are they all that stable?
Top blockchain and crypto news: NFT wave buoys OpenSea. Are dollars and sense a lifeline for Tether? Tencent gets a target on its back.
As issuer Circle prepares to list and China sounds the alarm over speculation, the mood among regulators is mixed, despite stablecoins’ clear appeal to investors.
Ethereum co-founder Joe Lubin and blockchain investor Alex Tapscott tell Forkast.News that the stablecoin bill aimed at Libra/Diem and Tether could have broader repercussions on the blockchain industry.
Visa hops on USDC’s Eth2 wagon. China flexes DCEP digital currency in biggest test yet. Will US tighten Libra/Diem’s tether?
Other top blockchain and cryptocurrency news: S&P Dow Jones to launch crypto index. Walmart invests big in India’s PhonePe.
Are American lawmakers going after Facebook’s Libra, now called Diem? Controversial Tether may be the real target of new stablecoin-restraining bill.
Ethereum 2.0 set for launch. Bitcoin hits record highs as Wall Street chief remains meh. Stellar hosts ARST and BRLT stablecoins.
Other top blockchain and cryptocurrency news: After BitMEX, are more CFTC crackdowns coming soon? China frees OKEx founder, exchange to resume services.
Ep. 36 | Bitcoin prices rise on PayPal cryptocurrency news. US wary of CBDC as China enacts digital currency law for DCEP rollout.
Other top crypto and blockchain news: USDC stablecoin coming to Solana blockchain. Investing in KYC/AML in India.
Ep. 35 | Filecoin launch hits miner turbulence. USDC adds Stellar to rely less on Ethereum. Associated Press to publish US elections data on blockchain.
Other top news: OKEx cryptocurrency exchange freezes services amid police investigation. Investors bet $100 million on ‘neobank’ Razorpay in India
Ep. 19 | Will PayPal and Venmo offer crypto trading? FC Barcelona kicks off fan token. USDC ditches Ethereum for Algorand.
Other top news: Chainlink embraced by China’s blockchain network. Could Justin Sun’s infamy outshine TRON 4.0? Fintech in Thailand and Singapore.