The Daily Peg
Meta announces it wants to integrate existing USD-pegged stablecoins into its platforms via a third-party partner, rather than launch its own. Plus, more peg attacks.
Original content
Stablecoins often operate more like miniature currency boards than decentralised private-sector ventures. The difference is that these crypto systems are bootstrapped not with national reserves, but rather with private — and often highly secretive — capital pools, supported by strategic allegiances with dominant liquidity providers.
Izabella Kaminska on Terra Luna
Industry news
Ghost of Libra: Meta Eyes Stablecoin Integration Across Platforms This Year
https://www.theblock.co/post/391048/facebook-owner-meta-eyes-stablecoin-integration-this-year-report?
Payoneer Files With OCC As It Explores Launching A New Stablecoin Bank
https://www.theblock.co/post/391062/payoneer-federal-occ-filing-plans-bank-new-stablecoin?
Meld Raises $7 Million To Integrate Crypto And Banking Infrastructure
https://finance.yahoo.com/news/meld-raises-7-million-integrate-150000160.html
RedotPay Plans $1 Billion US IPO Backed by Major Banks
Better Partners With Framework On $500M ‘Sky’ Stablecoin Credit Plan
https://www.theblock.co/post/391019/better-partners-with-framework-ventures-on-500-million-sky-stablecoin-credit-plan-amid-mortgage-tokenization-push?
