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TRON DAO Unveils TRON-Peg USD Coin: A New Gateway to Borderless Transactions
8.11.2024
PRESS RELEASE. Geneva, Switzerland, November 7, 2024 – TRON DAO has officially launched the TRON-Peg USD Coin on the TRON blockchain, an innovative cross-chain solution designed to streamline borderless transactions and broaden TRON’s stablecoin ecosystem. By facilitating seamless...
VanEck, StoneX analysts peg Ether price upside at $12K to $22K
11.9.2024
The Ethereum network could generate $66 billion in free cash flow from transaction fees by 2030, VanEck estimates
Russia Plans to Peg China’s Yuan to its New Stablecoin
23.8.2024
According to a Kommersant source, Russia has revealed plans to launch two State-linked crypto exchanges to incorporate digital…
MakerDAO unveils PureDai: A decentralized stablecoin with no dollar peg
17.5.2024
MakerDAO, the decentralized autonomous organization that created the Dai stablecoin, has revealed intentions to launch a new stablecoin called PureDai. This step is intended to provide a fully decentralized alternative to Dai, which now depends on a combination of centralized and decentralized...
Aave Stablecoin GHO Hits $1 Peg After Six Months – Here’s More
7.2.2024
Aave’s GHO stablecoin has hit the $1 mark after trading below the peg for over six months since its launch in July 2023. The asset’s price hit $1 on Feb 6 following efforts from the wider community, which included integrations with the Aave decentralized finance (DeFi) lending protocol....
Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights
25.1.2024
Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981. Concurrently, the Aave-developed stablecoin GHO has seen...
TrueUSD Wobbles Towards $1 Peg Amid Reported Redemption Issues
18.1.2024
TUSD went as low as 96 cents as Binance data shows traders apparently sold over $300 million worth in the past 24 hours
TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold
16.1.2024
Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark. TUSD Faces Unsteady Ground, Drops Under...
TUSD Loses $1 Peg Amid Binance's FDUSD Focus: Analyst
16.1.2024
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell
GHO Stablecoin Fails to Enforce Dollar Peg Amid Criticism, Receives D Grade From Bluechip
22.12.2023
Roughly three weeks ago, Bitcoin.com News covered the stablecoin GHO, when it achieved a notable milestone by reaching $0.98 per coin. However, on December 11, the token experienced a slight dip, hitting $0.975 per unit. Despite some improvement in its stability, the stablecoin has still...
Iron Bank Euro’s Stablecoin Crisis: No Clear Path to Repeg After 60% Value Drop
20.12.2023
Source: Adobe / Skórzewiak Iron Bank Euro (IBEUR), a low-cap alternative stablecoin, has found itself in the midst of a crisis with no immediate route back to its stablecoin peg after experiencing a sharp 60% drop in value on Monday. The stablecoin, with a $3.7 million issuance, tumbled from...
Stablecoin Tether Receives ‘Constrained’ Rating from S&P Global
13.12.2023
Source: AdobeStock American credit ratings firm S&P Global Inc. said it has started assessing the ability of Tether (USDT) to maintain its peg to the U.S. dollar marking it at a ‘constrained’ rating of 4. Stablecoins are a cryptocurrency whose value is usually pegged to a fiat currency...
GHO Stablecoin Hits $0.98 Target as Strategic Initiatives Spearhead Turnaround
2.12.2023
Beginning in mid-July 2023, the stablecoin from Avara (previously known as Aave), a decentralized finance firm, consistently traded below its target $1 peg, reaching a low of $0.917 on October 24. Nonetheless, in recent weeks, the Liquidity Committee of the project undertook efforts to rectify this...
Aave's GHO Stablecoin Nears Elusive Dollar Peg
28.11.2023
The Quest to Stabilize GHO — Navigating Challenges to Reach $1 Peg Amidst Aave’s Corporate Rebrand
17.11.2023
The blockchain technology enterprise Aave Companies, recently rebranded as Avara, is still navigating challenges in stabilizing its stablecoin GHO, which is currently struggling to sustain its desired $1 peg. The project’s Liquidity Committee is actively working on strategies to strengthen...
BIS Research Report: Stablecoins Not Secure as Store of Value
9.11.2023
Stablecoins. Source: Adobe / Grispb Fiat-backed stablecoins are “not a safe store of value,” according to a new research report from the Bank for International Settlements (BIS). According to the report, the BIS found that from January 2019 to September 2023, fiat-backed stablecoins were able...
Aave’s GHO Stablecoin Grapples With Dollar Peg Stability: Liquidity Fixes on the Horizon
4.11.2023
The decentralized finance (defi) protocol Aave’s stablecoin asset called GHO has been struggling to keep its peg to the U.S. dollar. While it is coasting along at $0.966 per unit at the time of writing, five days ago it tapped an all-time low at $0.917 per coin. Aave’s Liquidity Committee aims...
Terra Classic Votes to Halt USTC Minting; Community Eyes Future Re-Peg
24.9.2023
Following a decisive vote by the Terra Classic community, an initiative to halt the creation of the previously termed stablecoin, terra usd (commonly referred to as UST or USTC), has been approved. Despite 40.56% opposition, 59.42% of the vote gave the nod for the software update. Minting Freeze...
BIP-300 biff: Debate reignites over years-old Bitcoin Drivechain proposal
12.9.2023
The proposal would allow other blockchains built on the Bitcoin network. In August, a core developer rewrote the proposal's code and requested it be added to Bitcoin's codebase, sparking new debate over its merits
Terraform Labs Appoints New CEO While Co-Founder Remains in Jail
21.7.2023
Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds...