Coinbase CPO Challenges Banks’ Stablecoins Concerns, Says Narrative ‘Ignores ...
Coinbase’s CPO has defended stablecoins and pushed back on the banking sector’s fears of a potential collapse of bank deposits and community banks, arguing that the concerns are unfounded and could pose a risk to the emerging sector. Related Reading: Ondo Finance Brings Tokenized Stocks, ETFs To BNB Chain With New Expansion Coinbase Refutes Banks’ […]
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U.S. Senator Sherrod Brown has sent letters to cryptocurrency exchanges and stablecoin issuers, including Coinbase, Gemini, Binance, and Tether, asking how they are protecting consumers and investors. “I have significant concerns with the non-standardized terms applicable to redemption of particular stablecoins,” the senator said.
US Senator Raises Concerns Regarding Stablecoins
U.S. Senator Sherrod Brown (D-Ohio), chair of the U.S. Senate Committee on Banking, Housing, and Urban, announced Tuesday that he has sent letters to a number of crypto exchanges and....
Coinbase Extreme Transaction Delays Cause Problems for Vendors Yet Tiger Direct Ignores Customers When They Happen. A month ago I needed to purchase a simple all in one printer. Tiger Direct was my first choice. I am able to pay with Bitcoin and used them for years with no problems. I have very little Bitcoin, so I am very price conscious when I do spend any. I do not store very much Bitcoin online so after browsing and finding the printer I wanted I went through the checkout process. Everything progressed as normal until it was time to pay. That is when Coinbase not only let me down with....
The senator said he had "significant concerns with the non-standardized terms applicable to redemption of particular stablecoins" in separate letters to eight crypto firms. Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information related to consumer and investor protection on stablecoins.According to a Nov. 23 announcement, Brown sent notices to Coinbase, Gemini, Paxos, TrustToken, Binance.US, Circle, Centre, and Tether requesting information on stablecoins by Dec. 3, suggesting that he and other....
South Korea’s central bank has expressed caution over the potential consequences of issuing won-pegged crypto stablecoins, raising concerns that their adoption could inadvertently boost demand for US dollar-backed stablecoins. Bank of Korea (BOK) Governor Lee Chang-yong warned that such developments may undermine broader monetary policy goals and complicate foreign exchange management. Related Reading: Coinbase Introduces […]
The narrative surrounding Ethereum’s future has fundamentally shifted, and is rapidly solidifying its role as the global, compliant settlement layer for traditional finance (TradFi). This strategic transformation is inextricably linked to the dominance of Stablecoins and the explosive growth of Tokenized Real-World Assets (RWAs). Network Effects Of Stablecoins And RWA On Ethereum In a recent post on X, the Token Terminal highlighted a key insight focusing on why Stablecoins and RWAs matter for the Ethereum market cap. To date, Stablecoins and RWAs are crucial for ETH, as the market....