We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Add this topic to your myFT Digest for news straight to your inbox
Digital token prices hit highest level since last June
Plus, fresh updates on crypto’s murky underworld
Stablecoin’s value drops as crypto market reels from US bank failures
The circle of life
New York regulatory move accelerates withdrawal from BUSD stablecoin
Action against creator of TerraUSD is the latest move by US regulators to crack down on prominent crypto firms
NY Department of Financial Services acts over BUSD issuer Paxos as authorities scrutinise crypto market practices
Former Barclays boss expects stablecoins to flourish in the future
Plus Washington wants to speak to Bankman-Fried and the market’s most liquid coins
It is hard to argue the stability of any coin connected to the market
Stablecoin diffusion
New York court ruling on Tether case comes amid negotiations over a draft legislation for the sector
Fallen crypto developer denies he is ‘on the run’ from investigators
Plus, the latest on two of the crypto market crash’s victims, Celsius and Voyager
Regulators, brace yourselves for a blockchain-enabled transition from crude oil to snake oil
Tether plays chicken with Ofac, Texas hates ESG, construction doesn’t scale, etc
Ownership highlights how digital asset players are encroaching on traditional markets
Even after the crypto markets crashed this year, there are still a number of people …
Applying the logistics of financial stability to the cryptoverse
The culprit behind recent crypto tumult was not technology but a concept familiar to traditional finance — bad collateral
The business models of issuers will not survive unless they can pay or charge interest
Case is a major test of how US insolvency rules will apply in the digital asset sector
Sector needs tighter regulation as it is susceptible to same risks as traditional finance, Lael Brainard says
They proliferate uncontrollably and are objects of speculation rather than stores of value
Tweets from the stablecoin’s CTO are raising new questions about reserve quality
International Edition
