DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins
The Department of Justice (DOJ) has submitted an objection to Celsius’ motion to reopen withdrawals for select customers and sell its stablecoin...
Draft US stablecoin bill would ban new algo stablecoins for 2 years
Draft legislation in the United States House of Representatives would place a two-year ban on new algorithmic stablecoins such as TerraClassicUSD (USTC)...
Fiats, Stablecoins, Tether, and How it Works. Perhaps the biggest problem with cryptocurrency it’s volatility-how much it fluctuates makes it so hard to be considered a unit of account.Because most cryptocurrencies are pretty...
Key Takeaways
The New York Department of Financial Services has published guidance for companies in the state that issue stablecoins.
The guidelines describe acceptable backing assets, redemption times, reserve audits, and custodial institutions.
Stablecoins have fallen...
Key Takeaways
Frax Finance is an on-chain protocol that mints and manages the FRAX stablecoin.
FRAX maintains its peg through a dual collateral-backed and algorithmic mechanism, making it more scalable and capital efficient than...
Ethereum founder and crypto enthusiast Vitalik Buterin recently shared his two cents on algorithmic stablecoins and their future adding that they should be scrutinised on the basis of how they fare under extreme...
