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New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment
20.4.2024
A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all “algorithmic payment stablecoins,” which...
Do algorithmic stablecoins have a future as centralized coins are under scrutiny?
1.4.2023
Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts
Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD
17.2.2023
Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”
Hong Kong will not tolerate algorithmic stablecoins in new regulation
31.1.2023
The new regulatory regime for stablecoins in Hong Kong should arrive no later than 2024
Draft US stablecoin bill would ban new algo stablecoins for 2 years
21.9.2022
It’s reported the bills' definition will cover “endogenously collateralized stablecoins,” which depend on the value of an attached cryptocurrency from the same creator for it to maintain a stable price
TerraUSD, Terra LUNA Price Drop As Algorithmic Stablecoins Face Ban
21.9.2022
The USTC, LUNA and LUNC price are in the red today amid breaking news that a House stablecoin bill could see coins like TerraUSD banned for two years.
Bloomberg, who obtained a copy of the proposed stablecoin bill, reported:
Stablecoin legislation being drafted in the House would place a two-year...
Solana-based stablecoin NIRV drops 85% following $3.5M exploit
29.7.2022
The $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece
Pain ahead for algorithmic and non-cash backed stablecoins: IMF director
28.7.2022
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs
What can other algorithmic stablecoins learn from Terra’s crash?
12.6.2022
The main problem that led to the fall of Terra was that the reserves appeared to be overcollateralized, but in reality, they weren’t
Justin Sun Still Thinks Algorithmic Stablecoins Are a Good Idea
21.5.2022
DEK
UST aftermath: Is there any future for algorithmic stablecoins?
20.5.2022
The quest continues for the perfect “stand in” for the U.S. dollar. But, UST’s crash suggests that algo stables may be “inherently fragile.”
UST Won't Be the End of Algorithmic Stablecoins
16.5.2022
Finder’s Poll Conducted Weeks Before Terra’s Fallout Predicted LUNA Would Tap $143 This Year
16.5.2022
Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to the poll, Finder’s experts predicted LUNA would be $143 before the end of the year....
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD
16.5.2022
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster...
An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM
1.11.2021
In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency...
Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors
13.10.2021
On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4 trillion crypto economy. While centralized stablecoin projects dominate the pack of dollar-pegged tokens, a great number of decentralized...
Algorithmic stablecoins show promise of reducing volatility — ShapeShift
29.7.2021
“Stablecoin experimentation is happening in real-time with billions of dollars at stake in this vast permissionless lab we call DeFi,” reads a new research report from ShapeShift. The author focuses on the rise of algorithmic stablecoins and their potential use cases
Iron Finance's Algorithmic Stablecoins Warning Hits Mark Cuban Too
17.6.2021
Mark Cuban. Source: A video screenshot, Youtube/Vanity Fair
DeFi protocol Iron Finance suffered a massive impact to their TITAN token in what they described as a "bank run," and what many in the Cryptoverse called a rug pull - but inadvertently providing an important warning...
Algorithmic stablecoins aren’t really stable, but can the concept redeem itself?
18.2.2021
Amid much fanfare, many algorithmic stablecoins have not been stable. Is the problem intractable, or it's the just the algorithms that aren't good enough?
Finance Redefined: The curious implications of algorithmic stablecoins, Dec. 2–9
10.12.2020
Some stablecoins are more useful than others