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MakerDAO Founder Suggests ‘Seriously Considering’ Depegging DAI from USD
12.8.2022
MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.”
Writing in...
Brazilian payment app PicPay launches crypto exchange with Paxos
12.8.2022
The integration with Paxos marks the first move for PicPay to introduce its 30 million customers to digital assets and help them understand Bitcoin
Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in Brazil
12.8.2022
Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos...
Interlay launches trustless BTC stablecoin bridge on Polkadot
11.8.2022
InterBTC operates as a BTC-backed stablecoin, secured by a decentralized network of overcollateralized vaults, which according to Interlay, resembles MakerDAO’s DAI token
USD Coin to Overtake Rival Stablecoin Tether in Coming Years - Survey
10.8.2022
Circle-issued, the second most popular stablecoin, USD Coin (USDC), has the potential to overtake the most popular stablecoin, tether (USDT), in coming years, according to a survey of analysts.
Most of the respondents claim that USDC will benefit from its better regulatory status, which could...
Former Terra-Affiliated Project Kujira to Issue Stablecoin
9.8.2022
The USK stablecoin is taking a cue from DAI and is set to maintain its price peg by a combination of overcollateralization of ATOM tokens and trading incentives
Once-hacked for $77M, Beanstalk's algo stablecoin protocol relaunches
8.8.2022
Beanstalk Farms stablecoin protocol was relaunched on Aug. 6 with the team working to hopefully reclaim the $100 million market cap of its BEAN stablecoin prior to the hack in April
Vitalik: Centralized USDC could decide the future of contentious ETH hard forks
5.8.2022
Speaking at the BUIDL Asia event in Korea, Vitalik Buterin said that centralized stablecoins like USDC & USDT will become significant deciders in future hard forks
Circle Invested in 2 Hacked Crypto Companies, Adding to Its Headaches Amid Stablecoin Scrutiny
4.8.2022
The venture-capital arm of the USDC stablecoin issuer backed Nomad and Slope, which were both exploited this week
Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product
3.8.2022
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages...
Dollars on the Lightning Network: a boon for emerging markets?
3.8.2022
An innovation on the Bitcoin Lightning Network (LN) could shelter users from the price volatility of BTC by providing access to dollars
Singapore's Central Bank to Consult Public for Stablecoin Regulations
2.8.2022
The MAS is reviewing a regulatory regime targeting risks involving stablecoins, the minister in charge of the bank said
Aave Wallet Activity Reaches 2022 High on GHO Stablecoin Decision
2.8.2022
The protocol's native aave tokens have seen volatile trading over the past week ahead of the introduction of the yield-generating stablecoin
Singaporean financial watchdog to consult public on stablecoin regulation
2.8.2022
The financial regulator admits it’s high time to shift the focus from the KYC/AML issues to more nuanced risks, poised by stablecoins
The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020
1.8.2022
While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from...
Craig Wright Wins One Pound, Bitcoin & Ethereum Flows, Ledger's Deal, Soulbound Binance + More News
1.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Craig Wright Wins One Pound, Bitcoin & Ethereum Flows, Ledger's Deal, Soulbound Binance + More News
Aave DAO approving overcollateralized stablecoin splits crypto community
1.8.2022
Aave’s stablecoin approval drew wild reactions from the crypto community, with many comparing its fate to TerraUSD (UST); however, Aave proponents were quick to point toward the overcollateralized factor
Aave Passes Proposal for Yield Generating Stablecoin GHO
1.8.2022
The fully collateralized stablecoin is native to the Aave ecosystem and will be initially available on the Ethereum network
Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO
1.8.2022
On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week of July and the collateral-backed stablecoin will be pegged to the U.S....
Survey That Asks if The Merge Could Cause an Ethereum Chain Split Sparks PoS Delay Discussions
31.7.2022
While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more...