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New gold-based stablecoin by trading giant Mitsui reportedly on the way
4.2.2022
Mitsui is reportedly planning to launch its gold-pegged stablecoin ahead of DCJPY, another major Japanese stablecoin project
Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin
3.2.2022
Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch...
Vale Diem: How Facebook’s ambitious stablecoin project came to an end
2.2.2022
It only took Libra/Diem two years to come full circle from publishing its white paper to falling apart
Diem stablecoin co-founder praises Bitcoin for censorship resistance
2.2.2022
Meta’s Diem co-creator David Marcus said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019
Jack Dorsey: Diem was a waste of time, Meta should’ve focused on BTC
2.2.2022
Dorsey said that although Facebook probably started Diem for “the right reasons,” it should’ve used an open-ended protocol like Bitcoin rather than attempting to create its own currency
MyCryptoMetaMask Ethereum Move, Solana Pay, Bitcoin Savings Plan + More News
1.2.2022
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: MyCryptoMetaMask Ethereum Move, Solana Pay, Bitcoin Savings Plan + More News
Luna Jumps as Terra Asks USD 38M From Community to Fund an Undisclosed Sports Partnership
1.2.2022
Terra co-founder Do Kwon has requested TerraUSD (UST) 40m from the community, a decentralized stablecoin running on Ethereum (ETH), in order to fund a Terra Brand partnership with an undisclosed sports franchise describes as "one of the four major American professional sports leagues" – seeing...
Circle Launches USDC on Flow Blockchain
1.2.2022
Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low fees and a high volume of transactions. With this launch, USDC aims...
Mark Zuckerberg’s stablecoin project Diem officially shuts down
1.2.2022
Meta has officially given up on its stablecoin project Diem after more than two years of efforts to launch the digital currency
Meta Says Adios to Diem – But Its Buyer Wants to Launch a Token of its Own
1.2.2022
Meta, the company formerly known as Facebook, is set to wash its hands of its ill-fated Diem stablecoin plans once and for all – but there may yet be a twist in the tale as the firm that will buy the coin’s assets and intellectual property (IP) could yet launch a token of its own.
Silvergate...
Circle's USDC stablecoin gobbles Tether's market share with 50B milestone
1.2.2022
The 50 billion USDC circulating milestone has increased Circle’s share of the stablecoin market to almost 30%
Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase
30.1.2022
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last...
PayPal stablecoin: What it could mean for payments
29.1.2022
PayPal has confirmed it is exploring a stablecoin. Here’s how experts see the potential impact of a PayPal Coin
Users flock to Curve amid lack of stablecoin liquidity on major DEXs
28.1.2022
A concentration of stablecoins on a handful of platforms has drained liquidity from others
Goldman Sachs Claims Adoption Won’t Boost Crypto Prices, Talks Down Stablecoin Plans
28.1.2022
Goldman Sachs has warned crypto buyers that increased token adoption will no longer drive up prices, and that macroeconomic factors are now exerting a greater influence on the markets. And the firm appears to have tempered its interest in launching a stablecoin.
The crypto price warning came...
Whales Make Up More Than Half of Stablecoin Volume, Tether Losing Dominance
27.1.2022
Stablecoin “whale wallets” containing more than USD 1m controlled the lion’s share of stablecoin volume in 2021, despite the once-dominant Tether (USDT) increasingly being challenged by other stablecoins, according to on-chain analytics firm Nansen....
Read More: Whales Make Up More Than Half...
Silvergate Bank Reportedly Aims to Buy Diem's Intellectual Property for USD 200M
27.1.2022
American chartered bank Silvergate reportedly aims to purchase Diem's intellectual property for USD 200m, The Wall Street Journal reported, citing people familiar with the matter.
The Diem Association (previously known as Libra Association) is a Meta-led project that initially aimed to create...
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
26.1.2022
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem...
Meta-Led Diem Reportedly Aims to Sell Assets to Pay Back Investors
26.1.2022
The Diem Association (formerly known as Libra Association), the Meta-led project that once aimed to create a stablecoin accessible to everyone in the world, is reportedly attempting to sell its assets as a way to return capital to its investors....
Read More: Meta-Led Diem Reportedly Aims...
Zuckerberg's Diem reportedly weighing sale after stablecoin plans falter
26.1.2022
It looks like Meta is planning to jump ship, with inside sources saying that the crypto initiative is trying to sell its assets