Category: Stablecoins

CoinDesk Reporters Discuss FinCEN Files, Venezuela’s Stablecoin Flop and More

From the CoinDesk Global Macro news desk, this is Borderless – A twice-monthly roundup of the most important stories impacting bitcoin and the crypto sector from around the world.

September 24, 2020
Origin Debuts OUSD, a Stablecoin That Works Like a Savings Account

Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides.

September 22, 2020
US banks can hold reserves backing crypto stablecoins

In a fundamentally important development for the cryptocurrency industry, the US Office of the Comptroller of the Currency (OCC) said today that national banks and federal savings associations are legally allowed to hold the currency “reserves” that back stablecoins. Stablecoin reserves can now be held by US banks For the uninitiated, stablecoins are specialized cryptocurrencies…

September 22, 2020
US Banks Can Now Hold Reserves for Stablecoin Issuers, Says Federal Banking Regulator

The U.S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country. According to the OCC’s interpretive letter, reserve accounts can either be funded through deposits from stablecoin issuers or deposits from individual stablecoin…

September 22, 2020
‘Misleading’ Term Stablecoin Should Be Ditched, Says ECB

The EU central bank said the term stablecoin is potentially “confusing” and “misleading” to consumers.

September 22, 2020
SEC, OCC Issue First Regulatory Clarifications for Stablecoins

The U.S. OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S.

September 21, 2020
What Is DeFi?

DeFi is short for “decentralized finance,” an umbrella term for Ethereum and blockchain applications geared toward disrupting financial intermediaries.

September 18, 2020
Checking In With Terra, the Korean Stablecoin Firm Bringing Online Shoppers to Crypto

Terra’s stablecoin savings account is a month delayed but the project is gaining momentum with over 2 million users on the firm’s Chai payments app.

September 18, 2020
Monetary Policy Is Finished and Macro Debates Are Boring, Feat. Raoul Pal

A wide-ranging conversation about the state of macro, why central banks can’t really do anything and why private markets are leading the future of money.

September 17, 2020
Libra appoints HSBC veteran to manage crypto project’s operational wing

Top financial services experts continue to join the Libra project.

September 17, 2020