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Polygon exec: Tokenized funds set to disrupt stable coin market
14.5.2024
With the proliferation of Blockchain technology among major financial institutions around the globe, token financial products may mark the return of the vintage financial scene. This trend may disrupt and pose a challenge to the long-standing dominance of stablecoins in this domain. According...
Terra Classic Community Votes to Stop USTC Minting as Revival Efforts Continue
25.9.2023
TerraUSD Classic, the stablecoin at the center of Terra’s implosion, will no longer be minted
Stable coin remittance success: Shinhan & SCB TechX on Hedera
31.7.2023
Shinhan Bank, Taiwan, and SCB TechX’s leading financial institution have achieved an impressive demonstration of technological innovation and financial collaboration by publicly completing a PoC pilot on the open-source Hedera network for stablecoin remittances. Let’s explore...
Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg
16.11.2022
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS Held. According to the report, LFG claims to have spent...
Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours
23.8.2022
During the last 24 hours, crypto asset prices have improved as the global cryptocurrency market capitalization today has risen 1.9% to $1.07 trillion. Interestingly, the two so-called ‘defeated’ Terra blockchain tokens, now called terraclassicusd (USTC) and luna classic (LUNC), have...
Terra’s Crypto Tokens UST and Luna Classic Mysteriously Pumped This Week, UST Climbed by 470%
1.7.2022
After the downfall of the two most popular crypto assets on the Terra blockchain, the digital currencies terrausd (UST) and luna classic (LUNC) increased a great deal in value against the U.S. dollar in recent times. During the last seven days, LUNC has risen 96.3% and the once-stable coin UST...
Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini
15.5.2022
After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm...
‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps
13.5.2022
Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain...
DAI at 1xBit. New Stable Coin – Your Next Ride!
6.7.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Meet DAI at 1xBit - an Ethereum-based stable coin with its value of 1 USD, the key in the MakerDAO lending system.
MakerDAO develops technology and resources for borrowing, lending, and saving money using...
Poltergeist Exchange Partners With Ghost by McAfee to Release a Private Stable Coin and Privacy Exchange
14.3.2021
PRESS RELEASE. Poltergeist Exchange has partnered with GHOST by McAfee to bring a private stable coin and privacy dex to the GHOST by McAfee blockchain. Poltergeist Exchange has released their native token GHOUL, and are developing and releasing a side chain with the same name for Ghost by McAfee....
CryptoFranc (XCHF) – A Stable Coin by Swiss Franc Crypto Firm
5.11.2020
In the race of cryptocurrencies, there are many new digital currencies from various regions and countries from all around the globe entering the Crypto ecosystem. In this fierce competition, every new cryptocurrency has to pave its way and fight its own survival battle. Still, even after such...
ETH Lite: Reflexer Labs Raises $1.7M to Build a Somewhat-Stable Coin for DeFi
5.8.2020
Reflexer Labs, a new decentralized finance project aimed at softening volatility, has closed a $1.68 million seed round led by Paradigm
Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply
2.1.2020
Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply...
Bullish Trend in the Crypto is Continued, Tether All Set to Launch Chinese Version of Stable Coin
8.9.2019
According to reports, Tether Holdings, the firm that issues Tether, is planning to launch a Chinese version of the stable coin called CNHT. Amidst the shoot up in demands in recent months, especially from China, the firm has decided to do so. Additionally, Tether Holdings has also set to launch...