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Another stablecoin bill dies unceremoniously at hearing

At a House hearing, a draft of a new stablecoin bill was discussed along with the appropriate regulatory framework for stablecoins.

Tether no longer has to submit attestations. Will anybody miss them?

Tether is no longer required to submit attestations but does this mean that all transparency around the leading stablecoin will be lost?

Despite years of cheerleading for USDC alone, Coinbase wants to diversify into flatcoins and other stablecoins on its Ethereum Layer 2, Base.

Kraken CEO Jesse Powell has supported shadowy stablecoin Tether since 2018. Curiously, he supported Custodia and its doomed projects, too.

The market cap of TrueUSD recently doubled to over $2 billion, but the stablecoin is still surrounded by opaque ownership and behavior.