THE HASH: Circle Recommends Against a Digital Dollar, and Ethereum Beacon Chain Suffers Longest ‘Reorg’ in Years

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4.8 • 689 Ratings

🗓️ 26 May 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Thursday, May 26, 2022.

"The Hash" team discusses USDC stablecoin issuer Circle advising against the launch of a digital dollar, Ethereum beacon chain's longest "reorg" in years and MetaMask's plan to help victims of crypto scams.

Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Visit coindesk.com/consensus2022 to get your pass today.

This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Transcript

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0:00.0	This is the hash podcast.
0:09.6	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,
0:14.5	with stories that matter to the crypto world, all on the hash for your ears.
0:20.0	You're listening to the Coin Desk Podcast Network.
0:24.8	Hey there, everybody.
0:26.2	Welcome to the hash on CoinDest TV.
0:28.2	It's Thursday.
0:29.3	As I say, around here, it's Friday light.
0:31.9	All right.
0:32.6	Welcome.
0:33.2	I'm Zach.
0:33.9	We got Christy Arkin.
0:35.2	We got Janssen Hatsy.
0:36.7	We got Will Foxley. What a crew. What a squad.
0:40.7	What a team. I love it. All right. I'm going to trade to Will. Will, take it away, my man.
0:46.5	I got you. So Circle, the Stable Coin Company, and the Federal Reserve are throwing some fists at
0:51.9	each other. Just kidding. It's not that bad. Yet Circle is looking at saying like, hey, don't get in our tort territory. Don't issue a
0:59.2	CBDC. Private stable coins are good enough. Fed is not taking it in stride, though, and saying,
1:06.0	like, hey, we should look at creating our own CBDC, our own stable coin, a public dollar on our own ledger.
1:13.6	Pretty interesting to see these two things happen at the same time.
1:16.5	Circles comments come after the Fed asked for notes from companies back in January.
1:21.8	So these comments are pretty fresh.
	...

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