Asset
stablecoins
Stablecoins are a type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as a fiat currency or a commodity, making them suitable for transactions and as a store of value.
Why it’s in the news: Stablecoins are in the news as major companies and financial institutions explore their use for payments, influencer compensation, and as a recognized cash equivalent.
Latest on stablecoins
- X Weighs Paying Influencers and Creators in Stablecoins
- Elon Musk's X is exploring stablecoins to pay influencers and content providers
- JCB and Digital Garage to run a proof of concept (PoC) for in-store payments using stablecoins.
- Stablecoins offer little cost or speed advantage for remittances - Banca d'Italia
- U.S. accounting-standards group proposes way to see stablecoins as 'cash equivalent'
- Miden bets on privacy stablecoins with introduction of USDCx
- Samsung announced plans to integrate stablecoins into Samsung Wallet
Connections
17 entities linked to stablecoins across the news graph.