USDC stablecoin issuer Circle is arguing the U.S. Federal Reserve should pass on launching a central bank digital currency (CBDC) because the public is already served well by private-sector tokens. Meanwhile, Fed Vice Chair Lael Brainard said CBDCs could coexist with stablecoins.
A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee on Financial Services on Thursday.
Michael Sonnenshein, CEO of digital asset manager Grayscale Investments, discusses his analysis of the crypto markets, the role and importance of stablecoins in the crypto ecosystem in the aftermath of Terra’s collapse and the new European ETF.
Stablecorp President and COO Alex McDougall discusses his take on how Terra’s death spiral has impacted the rest of the stablecoin market, and how to protect consumers from a similar crash in the future. Plus, the likelihood of USDC “flippening” USDT and insights into the demand for a digital Canadian dollar.
The director of blockchain market research Quantum Economics said during CoinDesk TV's "First Mover" that Tether should be more transparent about “what they actually hold on their balance sheets.”