Category: CoinDesk

CoinDesk: FDIC Still Unclear if USDF Stablecoin Is FDIC-Insurable

Several FDIC-insured banks uniting to put out a stablecoin may seem to address lingering worries about this critical part of the cryptocurrency ecosystem. However, the details – including whether the agency can insure the stablecoin’s owners’ deposits – remain to be flushed out.On Wednesday, a group of U.S. banks, including FirstBank of Nashville, Synovus, New York Community Bank (NYCB), and Sterling National Bank, announced plans to offer its own stablecoin, called USDF, in an effort to bring stablecoins to the everyday banking client.All the banks are institutions backed by the Federal Deposit Insurance Corp. (FDIC), a key regulator in the...

CoinDesk: [SPONSORED] Circle, USDC and Dharma: Powering the Next Wave of DeFi Access

Decentralized Finance — or DeFi — has experienced immense growth, with total value locked in smart contracts passing $250 billion in November 2021. This parallels the growth of USDC, which recently passed $40 billion in circulation, based largely on growing demand from DeFi market participants.Join this exclusive webinar to hear how the industry is poised to drive DeFi’s next wave by reaching new participants, including customers who lack access to traditional investment opportunities. Guests include Joao Reginatto, VP of Product at Circle, along with Dharma CEO Nadav Hollander.