Robert Mitchnick (left), head of digital assets at BlackRock, and Michael Sonnenshein, COO at Securitize Securitize For years, crypto traders posting collateral on exchanges have faced a tough tradeoff: use stablecoins like USDC or tether, which are, well, stable but pay no yield, or roll the dice with volatile assets like bitcoin and ether, risking
Retailers like Amazon and Walmart pay fees to credit card companies every time a customer uses their Visa or Mastercard. And it’s no secret that retailers are not happy with that chunk of change that gets siphoned off. But thanks to the emergence of digital money, these retailers are reportedly itching to get away from
06/16 update below. This post was originally published on June 15 Bitcoin and crypto have surged this year as traders bet U.S. president Donald Trump’s administration will further boost the bitcoin price (helped by Treasury secretary Scott Bessent issuing a surprise crypto market prediction). Front-run Donald Trump, the White House and Wall Street by subscribing
Bitcoin and crypto have surged this year as traders bet U.S. president Donald Trump’s administration will further boost the bitcoin price (helped by Treasury secretary Scott Bessent issuing a surprise crypto market prediction). Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover
The crypto arm of the French banking giant Societe Generale is launching a US dollar stablecoin on the Ethereum (ETH) and Solana (SOL) blockchains. In a new announcement, the Societe Generale-FORGE says it is launching the USD CoinVertible (USDCV), its second stablecoin after the 2023 launch of EUR CoinVertible (EURCV). Says Jean-Marc Stenger, CEO of
The cryptocurrency industry has continued to advance, with bitcoin prices hitting a record high earlier this week. Stablecoins have come under the spotlight as regulators in Hong Kong and the US push for legislation for the popular tokens. Here we answer five common questions about stablecoins. What are stablecoins and how are they used? Stablecoins
Fernando Martinez, CEO of Nonco Nonco Fernando Martinez talks like a man who’s already seen the future. In it, SWIFT, the messaging networks thousands of banks around the world use to give instructions for transferring funds between accounts, is obsolete. He insists that the global foreign exchange market should run on stablecoins, cryptocurrencies typically pegged
Justin Sun loves a publicity stunt. But in bailing out Donald Trump’s crypto venture—netting the president and his family $400 million—Sun has boosted his efforts to create a global payment system, using his Tron platform, with 300 million users and counting. Chinese blockchain entrepreneur Justin Sun’s admiration of Donald Trump began in middle school, while
Decentralized finance (DeFi) relies on the potential of cryptocurrency but breaks down when prices fluctuate a lot. Stablecoins are thus central in this space as they provide a stable value to lend, borrow, or stake. The Aave and Compound platforms rely heavily on USDT and DAI to maintain returns constant, users deposit $1 today and