A new draft bill that provides a stablecoin framework in the United States will see private issuers such as Circle, the issuer of USDC, and Tether Holding, the firm behind USDT, placed under the Federal Reserve (Fed) oversight. The Fed is the country’s...
A fortnight after the newly appointed Silicon Valley Bank (SVB) chief executive officer (CEO) cheered customers to return funds to the bank, the Federal Deposit Insurance Corporation (FDIC) has reportedly sent emails informing customers that their funds were in receivership. Mayopolous woos depositors ...
On March 18, former a16z partner and Coinbase CTO Balaji Srinivasan announced that he is moving $2 million into USDC for a bitcoin (BTC) bet. He thinks cryptocurrency will hit $1 million within 90 days. Balaji Srinivasan went bullish, predicting BTC will reach...