Stablecoins feature 24/7, near-instant cross-border settlement, but retail consumers are waiting for guarantees against fraud and disputes. Stablecoins won’t unseat incumbent payment platforms, including Visa and Mastercard, until the blockchain tokens feature robust consumer protections, according to Guillaume Poncin, chief technology officer of payment company Alchemy. Traditional payment companies offer chargebacks, fraud protection, disputed transaction resolution and credit features that consumers have come to expect. Stablecoin projects must integrate these features to attract the everyday person, Poncin told Cointelegraph. Consumer protection features can be embedded directly in smart contracts, while stablecoin issuers and payment platforms can fund their own insurance pools for payouts in cases of fraud, Poncin said. He said traditional payment rails and stablecoins will merge: Read more
Bitcoin bulls are trying to seize control but are expected to face strong selling at $117,500. Will altcoins capitalize on BTC's potential range-bound price action? Key points: Bitcoin made a strong comeback on Wednesday, but the buyers are expected to face heavy selling near $117,500. Several major altcoins are likely to face selling on rallies, but BNB and AVAX may resume their uptrend. Read more
The roundtable between the two US financial regulators announced earlier this month will come after several policy changes affecting digital assets. Executives from a few cryptocurrency companies will speak on panels to discuss “regulatory harmonization efforts” between two US financial regulators next week. In a Wednesday notice, the US Securities and Exchange Commission (SEC) said it would host a roundtable event with the Commodity Futures Trading Commission (CFTC) on Monday as part of efforts to coordinate on financial regulation, including cryptocurrencies. Representatives from cryptocurrency exchange Kraken and Crypto.com, as well as prediction markets Kalshi and Polymarket, will speak on panels. Though focused on bridging regulation between the two agencies, the roundtable event will be held amid a dearth of leadership at the CFTC. This year, every commissioner at the financial regulator has resigned or departed, with the exception of acting Chair Caroline Pham. Former CFTC Chair J. Christopher Giancarl...
The USDH stablecoin is live, giving the derivatives exchange its first dollar-pegged asset after Native Markets secured issuance rights in a validator vote. Hyperliquid’s native stablecoin, USDH, launched on Wednesday with a USDC trading pair, logging nearly $2 million in early trading. With USDH now live, Hyperliquid has its first dollar-pegged asset, giving traders a stable unit of account and collateral across the network. Native Markets will manage the exchange’s stablecoin and oversee billions of dollars in potential flows. The crypto startup, led by Hyperliquid investor Max Fiege, former Uniswap Labs president Mary-Catherine Lader and blockchain researcher Anish Agnihotri, was selected through a validator vote on Sept. 14. Read more
Bitcoin’s bullish divergences on the RSI metric, along with record-low volatility, were early signs that the rally to $113,900 was in the making. Is the sell-off over? Key takeaways: Bitcoin bounced to $113,900 after testing weekly lows, fueled by bullish divergences. Whale-sized entities have sold 147,000 BTC since August, signaling supply pressure. Read more