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Stablecoins

Fed Looks To Increase Oversight Of Banks’ Crypto Activities
US Central Bank Also Clarifies Procedures For Banks Dealing In Stablecoins

Frax Founder Proposes Expansion Into Real-World Assets
US Entity FinresPBC Would Allow Frax To Custody Cash, Bonds, Treasury Bills and Other Low-Risk Assets

Hong Kong Stablecoin FDUSD’s Market Cap Surges by 10x In Two Days
Hong Kong-based FDUSD carves market share in volatile stablecoin sector.

Tether Reports $850M Profit In Second Quarter
Skeptics Continue To Question Quarterly Attestation Reports

Upcoming Congressional Meeting To Review Two Digital Asset Bills
Congressional meeting follows key ruling in Ripple vs SEC

DEXs Account For 5% Of Global Stablecoin Trading: Kaiko
Stablecoins make up three-quarters of trade volume on centralized exchanges

Utopia Labs Enables USDC ‘Transfers’ to US Bank Accounts
Utopia Labs aims to minimize friction between blockchains and legacy finance

Aave Launches GHO Stablecoin On Ethereum Mainnet
Dollar-pegged Stablecoin Can Be Borrowed Against Collateral Deposited In Aave’s V3 Ethereum Market

Aave Could Launch Stablecoin On Ethereum Within Days
Proposal To Deploy GHO On Mainnet Draws Unanimous Support From AAVE Holders

DAI’s Reliance On USDC Drops Below 10% As MakerDAO Expands Bond Holdings
Protocol Purchased $700M Of Treasuries Last Week



