Stablecoins
Africa Moves to Lightning Network, Stablecoins Amid Soaring Bitcoin Transaction Fees
Bitcoin (BTC) users in Africa are increasingly moving to the Lightning Network and stablecoins as transaction fees have soared to their highest level in nearly two years. "The Hash" panel discusses the potential repercussions of BTC's fee spike and the path ahead to widespread crypto adoption.
Number of Stablecoins Held on Exchanges Drops to 2-Year Low: Glassnode
The number of stablecoins, or dollar-pegged cryptocurrencies, held in addresses tied to centralized exchanges extended its decline to reach the lowest since May 2021 in a sign of increasing investor aversion to risk, according to Glassnode. Matrixport's Head of Research and Strategy, Markus Thielen, weighs in on the current state of stablecoins.
Rep. French Hill Addresses Significance of Stablecoin Legislation
Rep. French Hill (R-Arkansas) addresses the potential uses of stablecoins in the payment system and the significance of clear legislative framework in his opening remarks at the House Financial Services Subcommittee's hearing.
CZ Responds to Forbes Report that Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year
Forbes reports that Binance moved $1.8 billion of collateral meant to back its customers' stablecoins to hedge funds last year. In a tweet, Binance CEO Changpeng Zhao, also known as "CZ," responded to the article, stating in part "they referred to some old blockchain transactions that our clients have done." The co-author of the article and Forbes Director of Data and Analytics Javier Paz, responds to CZ's tweet on "First Mover."
Money Reimagined: Is 'Public Money' Needed As We Move Into a More Digital World?
On this episode of “Money Reimagined," Michael Casey speaks with Neha Narula, the director of the MIT Digital Currency Initiative to discuss the trends of both digitalization and innovation pertaining to stablecoins, digital currencies and the future of public money. Their conversation was recorded on the sidelines of the World Economic Forum in Davos, Switzerland in January 2023.
