Stablecoin

ConsenSys fintech exec says Libra could become a ‘developer magnet’ if the stablecoin project takes off

ConsenSys fintech exec says Libra could become a ‘developer magnet’ if the stablecoin project takes off

Lex Sokolin is worried that Libra could be detrimental to open-source crypto development in the long-run. Sokolin, ConsenSys’s co-leader for fintech and DeFi, recently sat down with The Block’s Frank Chaparro and Ryan Todd for an episode of The Scoop. Conversation topics ranged from how Libra could be a tool that governments use to “fight …

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Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin

Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin

The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin. Most of the stablecoin growth comes from tether, which …

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