Stablecoin issuers and traders are attracted by yields on offer and potential use as collateral in some derivatives transactions
Token gestures
New president’s pledge to allow won-based stablecoins has led to huge gains in related shares this month
Moves highlight growing trend for businesses to turn themselves into proxies for the cryptocurrency
And are parallels to the era of Free Banking any good?
Ethena goes
European Commission poised to propose treating stablecoins issued outside bloc as interchangeable with EU versions
Is $9.3bn a lot of money?
And how much does the Fed chair matter?
I’m thinking about the pitfalls with crypto versus more traditional assets
Financial regulator says unlicensed exchanges must close by end of month
The A7A5 token aims to facilitate financial flows disrupted after Ukraine war
They are no substitute for money, even if usage is growing fast
BIS says they fail crucial tests for a sound currency and are exploited by criminals
Digital currencies are becoming embedded in financial markets — but for some investors they still have something to prove
Corporate treasuries now hold more than 3% of the world’s biggest cryptocurrency, a stash worth $87bn
Deal involving Justin Sun’s digital asset venture orchestrated by investment bank linked to Trump’s sons
Plus retailer stablecoins
Ethics filing shows hundreds of sources of income for the US president, including property and books
Chicago trader Don Wilson backs Trump family’s bitcoin venture after administration drops lawsuit
A very British bitcoin treasury company
Podcast host poised to become CEO of group that will seek to raise $750mn to buy digital assets
Usage of the digital assets is growing rapidly, but concerns remain about supervision and their impact on other parts of the financial system
Group seeks to tap a wave of enthusiasm for digital assets as Trump vows to cut regulations
And US versus Chinese solar producers
Founder of payments group said to have operated ‘a covert pipeline for dirty money’
