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Are Meme coins risky investments or redeemable?
15.4.2024
The whimsical, virtual meme tokens developed based on internet jokes are taking the crypto world by storm. They have a playful nature that appeals to most crypto enthusiasts, but financial experts often caution investors before investing in meme tokens with prudence. According to Fortune Crypto’s...
Economist Jim Rickards States BRICS Currency Will Leverage Gold to ‘Destroy the Dollar’
25.7.2023
Jim Rickards, economist and best-selling author, has explained the possible repercussions of issuing a BRICS bloc currency for the dollar. For Rickards, the “bric” (the name he gives to the BRICS currency) will be anchored (but not redeemable or backed) to a weight of gold and will...
Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin
1.6.2023
The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation
Circle Launches Second Major Stablecoin Backed 1:1 by the Euro
16.6.2022
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle...
Tether is Fully Backed, Always Redeemable for USD 1 , Co-Founder Says
24.5.2022
“I strongly believe that [tether] is fully backed, and you will never have any issues redeeming it,” Tether co-founder and BLOCKv CEO Reeve Collins has said.
Speaking in an interview with CNBC on Monday, Collins said that the popular stablecoin tether (USDT) is “still backed 1:1” by reserves...
The Rebirth: Redeemable Digital Art + Whisky NFTs Announced
20.12.2021
Hong Kong recently witnessed the release of The Rebirth, a collection of redeemable NFTs. The collection will comprise 4,000 ERC 721 tokens, offering digital art + whisky NFTs. The announcement took place at Dragon-i in Hong Kong, attracting attention from worldwide collectors and traders....
Global Charity Organization Launches Crypto-Based Vouchers for Vulnerable Groups in Kenya, Ecuador
14.8.2021
The global charity organization, CARE, has created crypto-based vouchers that will be distributed to women and select groups in Africa and Latin America. According to CARE, these vouchers will be redeemable for goods, services or cash and linked to the needs of recipients. However, in its statement...
Polkadot Is Latest Blockchain to Explore Redeemable Bitcoin Tokens
18.6.2020
It's only a proof-of-concept at this point, but there's now a model for locking BTC on the Bitcoin blockchain and minting PolkaBTC on Polkadot
Paxos Launches PAX Gold, Regulated and Redeemable for Physical Gold
5.9.2019
Stablecoin operator Paxos announced a gold-backed Ethereum token, PAX Gold