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.