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Stablecoin issuer reported over $1 billion in what it calls operational profit but unexplained discrepancies in firm’s quarterly reports raise new questions about the exact makeup of its holdings. ....
McHenry noted that stablecoins can only achieve their full potential if "clear regulations and robust consumer protections" are available, underlining the importance of Congress enacting legislation ....
While stablecoins - crypto tokens whose monetary value is pegged to a stable asset to protect from wild volatility - have been around for years now, they are yet to successfully make headway into the mainstream consumer payments ecosystem. ....
Over the course of several hours, Curve Finance, a major decentralized finance platform, was the subject of an exploit resulting in the theft of over $70M and is now a. ....