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SEC chief compares stablecoins to "Poker Chips"

SEC chairman compares stablecoins to “Poker Chips”

During a recent interview with Washington Post columnist David Ignatius, Securities and Exchange Commission (SEC) chairman Gary Gensler compared stablecoins to poker chips. “Stablecoins are acting almost like poker chips in a casino now,” he said. In addition, Gensler reiterated that fiat currency-linked cryptocurrencies may

Coinbase will offer 4% a year return on stablecoin USDC

Coinbase will offer 4% a year return on stablecoin USDC

Coinbase announced on Tuesday that retail investors can apply to receive a 4% return on stablecoin USDC – the latest example of a crypto company offering rates that far exceed “high yield savings” accounts of the conventional banking sector. According to the company, Coinbase customers