For example, Circle’s stablecoin USDC the second-largest stablecoin by market cap in the world, briefly fell below its peg to the U.S. dollar, dropping as low as 87 cents on March 11, 2023 ...

These are centralized stablecoins, which means the stablecoin is held by an entity or exchange. In the case of USDC, this stablecoin is managed by Circle and Coinbase.

While early adopters have proposed a range of approaches, Congress is now considering two pieces of stablecoin legislation — the Guiding and Establishing National Innovation for US Stablecoins ...

Senate Banking Committee Chair Tim Scott, R-S.C., and committee ranking member Elizabeth Warren, D-Mass. The committee will mark up a stablecoin bill Thursday morning that has drawn growing concern ...

A stablecoin is a cryptocurrency whose value is tied to a traditional currency, another cryptocurrency, or a commodity. See the list and learn more about how stablecoins work.

And stablecoin issuers also keep a huge chunk of their money in U.S. Treasury bills, which is a common practice across the sector. So a run on the bank could force stablecoin companies to quickly draw ...

The stablecoin and reserve move in unison, so when a stablecoin holder chooses to cash out their tokens, an equal amount of the backing fiat asset is taken from the reserve and sent to the user's ...

Even social media behemoth Facebook is trying to get in on the action, seeking to launch a stablecoin-like project of its own of its own after its initial Libra cryptocurrency efforts fizzled. As ...

Lawmakers designing stablecoin legislation must ensure that anti-money laundering measures don’t open the door to unfettered financial surveillance of stablecoin users, says Cato Institute’s ...

A stablecoin issuer issues stablecoins to a user in exchange for a currency such as U.S. dollars, typically at a one-to-one exchange rate.

At the moment, the stablecoin market is worth just over $250 billion, but it's growing fast. Citigroup projects that the total amount of outstanding stablecoin could hit $1.6 to $3.7 trillion by 2030.