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Coinbase pitches “inflation-proof” flatcoins against struggling USDC

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

Kraken founder promoted Custodia’s doomed bank and stablecoin

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.

Fed chair Jerome Powell warned of more inflation pain but claimed that stablecoins will have a part to play in the financial system.

Heka sub-fund Elysium Global Arbitrage Fund buys Tether from one exchange and sells it on another, taking the difference in the spread.