Stablecoins’ Tenuous Relationships With Banks For as much as stablecoins market themselves as a nonbank solution, they still need banks, writes Yale’s Steven Kelly for the Future of Money Week.

How stablecoins work A stablecoin is a cryptocurrency whose value is fixed to another asset, often currencies such as the U.S. dollar or the euro, though other assets are possible. This kind of ...

'Stablecoins' are the hottest thing in crypto right now, with over 50 projects in development. A 'stablecoin' is a cryptocurrency that's price is pegged to a real-world asset like gold or the dollar.

Why stablecoins are essential Stablecoins, with their unique characteristics, offer several advantages in the financial ecosystem. Chief among them is price stability.

Stablecoins have the potential to enable 1.4 billion Chinese, for instance, to access dollars. It’s worth noting that Vietnam, Pakistan, Russia and China all rank among the top 10 in terms of ...

Unlike other cryptocurrencies, stablecoins are backed by real-world assets, such as U.S. Treasuries. Under the Senate’s so-called Genius Act, stablecoins would be legally required to be pegged ...

The tax consequences relating to the issuance of stablecoins are dependent on what type of coin is being issued. For fiat-backed stablecoins, a user will exchange fiat currency for stablecoins.

Stablecoins deliver. Cryptocurrencies, of all kinds, were initially designed, pitched, and marketed as a vehicle to enable faster, cheaper, and more secure financial transactions; this has not ...

Asked if banks will create a consortium, like Zelle, on stablecoins for the industry to defend against a rival stablecoin payment service, or just launch products on their own, Bank of America ...

Michael Barr, vice chair for supervision at the Federal Reserve, said Sept. 8 that "stablecoins are a form of money, and the ultimate source of credibility in money is the central bank." The Federal ...

Stablecoins are one of the fastest-growing sections of the crypto economy. It’s a financial revolution underway that also raises serious doubts. In Quarles’ own words: ...

Stablecoins, which include the likes of Tether, USD Coin and Binance USD, have ballooned 500% to reach a market cap of $127 billion over the past 12 months, according to the report.