Stablecoin

Ethena's total value locked surged 12-fold in 60 days. (DefiLlama)
Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra
"A lot of things can go wrong," in Ethena's yield-generation strategy, said Folkvang CEO Mike van Rossum.
Ethena's total value locked surged 12-fold in 60 days. (DefiLlama)

Key U.S. lawmakers met Thursday to talk about how to advance stablecoin legislation. (Jesse Hamilton/CoinDesk)
Top U.S. House Lawmakers Meet on Stablecoin Bill Strategy: Punchbowl
House Financial Services Committee Chairman Patrick McHenry and the panel's ranking Democrat, Maxine Waters, reportedly met with the Senate's majority leader on next steps.
Key U.S. lawmakers met Thursday to talk about how to advance stablecoin legislation. (Jesse Hamilton/CoinDesk)

Sunrise over Victoria Harbor in Hong Kong China cityscape (Unsplash)
Hong Kong-Based First Digital's $3B Stablecoin Arrives to Sui Network in DeFi Push
FDUSD has quickly become the fourth-largest stablecoin since its launch last year under Hong Kong's digital asset regulations, benefitting from crypto exchange giant Binance's...
Sunrise over Victoria Harbor in Hong Kong China cityscape (Unsplash)

Sen. Thom Tillis (R-NC) (Anna Moneymaker/Getty Images)
Republican Sen. Tillis Calls for ‘Light’ Crypto Regulatory Framework Ahead of Presidential Election
Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crac...
Sen. Thom Tillis (R-NC) (Anna Moneymaker/Getty Images)

Eisenberg's $110M Fraud Trial Opens; FSI Calls for Consistency in Stablecoin Regulation
Eisenberg's $110M Fraud Trial Opens; FSI Calls for Consistency in Stablecoin Regulation
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as ether rallied to near $3,600 during the early hours of the Eas...
Eisenberg's $110M Fraud Trial Opens; FSI Calls for Consistency in Stablecoin Regulation

U.S. Rep. Patrick McHenry is still optimistic about stablecoin legislation. (Nikhilesh De/CoinDesk)
Key Congressman McHenry Is Bullish U.S. Stablecoin Law Will Pass This Year
The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done...
U.S. Rep. Patrick McHenry is still optimistic about stablecoin legislation. (Nikhilesh De/CoinDesk)

Ripple Labs CTO David Schwartz (Ripple, modified by Coindesk)
Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC
The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents," according to the company.
Ripple Labs CTO David Schwartz (Ripple, modified by Coindesk)

(Lance Anderson/Unsplash)
The Benefits of Assets Tokenization
We need to start thinking of blockchains as infrastructure for financial innovation rather than concentrating on the prices of a few digital assets, like bitcoin and ether, sa...
(Lance Anderson/Unsplash)

Guillaume Nervo and Pablo Veyrat, founders of Angle (Angle Labs, modified by CoinDesk)
A16z-Backed Protocol Unveils U.S. Dollar Stablecoin Passing Yield from RWA and DeFi
Angle also aims to establish a forex hub offering seamless conversion between its dollar and euro-pegged stablecoins.
Guillaume Nervo and Pablo Veyrat, founders of Angle (Angle Labs, modified by CoinDesk)

U.S. Rep. Patrick McHenry says the stablecoin legislative debate is still moving forward this year. (Nikhilesh De/CoinDesk)
Key U.S. Lawmaker McHenry Says House Has 'Workable' Stablecoin Bill
The House Financial Services Committee chairman, in his final year in Congress, is still optimistic about passing a U.S. stablecoin bill, and Sen. Cynthia Lummis said the Sena...
U.S. Rep. Patrick McHenry says the stablecoin legislative debate is still moving forward this year. (Nikhilesh De/CoinDesk)