Category: Stablecoins

Examining the STABLE Act Proposal, Part II

Examining the STABLE Act Proposal, Part II

Quick Take A controversial legislative proposal for the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act was recently announced by members of Congress, which could have extensive implications for digital assets if the bill were signed into law.  Our two-part series examines the STABLE Act Discussion Draft, those endorsing the potential legislation, reactions from the […]

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A brief overview of different types of stablecoins

A brief overview of different types of stablecoins

Quick Take Stablecoins need to have stabilization mechanisms that incentivize arbitrageurs to absorb price volatility when demand changes Different types of stablecoins focus on achieving two of three goals in the “stablecoin trilemma” Capital-efficient algorithmic stablecoins are on the rise, although they have yet to establish a proven record regarding stability This research piece is […]

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Fiat Freeway: Anchorage Receives OCC Approval to Become a Federally Chartered Bank and Brian P. Brooks Steps Down From the OCC

Fiat Freeway: Anchorage Receives OCC Approval to Become a Federally Chartered Bank and Brian P. Brooks Steps Down From the OCC

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. This week’s column explores Anchorage’s conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust charter and Brian P. Brooks departs from the OCC. This research piece is available […]

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Saddle, a new automated market maker for stablecoins, goes live after raising $4.3 million

Saddle, a new automated market maker for stablecoins, goes live after raising $4.3 million

A new stablecoin-to-stablecoin automated market maker (AMM) called Saddle went live today and announced that it has raised $4.3 million from venture capitalists. Saddle’s first liquidity pool will be for tokenized bitcoin that will let users swap between WBTC, renBTC, sBTC and tBTC, according to a statement. The fundraising round was led by Framework Ventures, […]

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Top 30 Cryptocurrencies Gained 300% on Average in 2020: Report

Top 30 Cryptocurrencies Gained 300% on Average in 2020: Report

In its annual report on the developments within the cryptocurrency field, the popular monitoring resource CoinGecko asserted that the top 30 coins by market cap added on average 300% in 2020.  Moreover, the paper noted that the most widely-used stablecoins had neared $30 billion in circulation after a 440% surge. 2020: Best Price Performers CoinGecko’s […]

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Anchorage Obtains Federal License to Operate as Crypto Bank From the OCC

Anchorage Obtains Federal License to Operate as Crypto Bank From the OCC

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto custodian Anchorage to launch the first federally chartered digital asset bank in the country. In a statement on Jan. 13, 2021, the OCC said the company received the national trust banking charter, which allows it to create Anchorage Digital […]

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Jerome Powell says the Fed’s work on stablecoin risks is a ‘very high priority’

Jerome Powell says the Fed’s work on stablecoin risks is a ‘very high priority’

Federal Reserve chairman Jerome Powell described the central bank’s work on stablecoins as a “very high priority” during a webinar on Thursday.  “Clearly there’s a need for, and we’ve been very focused as you know, on better regulatory answers for potential global stablecoins, in particular,” Powell said during a segment that focused in part on central […]

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Reflex indexes for more stable collateral assets in DeFi

Reflex indexes for more stable collateral assets in DeFi

Quick Take Reflex indexes are meant to be a more stable representation of a collateral asset (e.g. ETH) without losing its trust-minimized properties Reflexer Labs raised $1.7 million in August led by Paradigm, with participation from Robert Leshner, Standard Crypto, and Variant Fund In October, Reflexer launched the initial and unaudited version of their protocol […]

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Fiat Freeway: The OCC addresses the use of Stablecoins for Payment Activities

Fiat Freeway: The OCC addresses the use of Stablecoins for Payment Activities

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.  This week’s column examines the most recent interpretive letter on digital assets from the U.S. Office of the Comptroller of the Currency’s (OCC). This research piece is available to members of The Block Genesis. You […]

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