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Nalezeno "A$DC Stablecoin": 3823

VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg

8.4.2021
The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital...

Polkadot’s Potential Gathers Momentum as Tether Joins the Ecosystem

6.4.2021
The largest stablecoin by market capitalization will be the first to enter the ecosystem as the Kusama canary network adds support for tether before the eventual deployments to parachains. Tether Inclusion Complements Polkadot’s Efforts to Attract More Defi Applications With cryptocurrency...

Indian IT giant Tech Mahindra to launch stablecoin tool for banks

6.4.2021
Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in January

Tether’s stablecoin set to land on Polkadot and Kusama

6.4.2021
The launch of parachain shards on Polkadot will also mean the release of Tether on the network

Fei Protocol genesis locks up $1 billion in ETH, but LPs could face losses

5.4.2021
Despite attracting more than $1 billion, Fei protocol’s genesis event hasn’t been entirely smooth sailing — with LPs facing losses if they withdraw soon

Orbs Introduces Single-Sided Liquidity Farming to Optimize Defi Returns

3.4.2021
Public blockchain infrastructure provider Orbs is delivering a next-generation liquidity solution designed to encourage greater defi participation by separating stablecoin pooling from cryptocurrency pooling. Liquidity Nexus Protocol Aims to Forge Better Connections Between Defi and Cefi...

Russian Central Bank Wants to ‘Limit’ Stablecoin Use in Payments

3.4.2021
Russia’s Central Bank wants to position itself as the country’s digital economy center of gravity – and appears ready to pave a way for its forthcoming digital ruble to gain market dominance. And it wants to make sure of that by placing a limit on the use of stablecoins in settlements. Per...

Independent Local Stablecoin Booming in South Korea’s Buyeo

2.4.2021
Statue of the Lying Buddha of Miamsa Temple in Naesan-myeon, Buyeo-gun, South Korea. The circulation of a local stablecoin operated by South Korea’s Buyeo County has exceeded the USD 93m mark as the county looks to expand the use of its token. Per Kuki News, the county has enabled near-field...

xSigma Developments Continue Following Amazing First Month

1.4.2021
xSigma is a decentralized exchange for stablecoin swaps backed by a NASDAQ-listed corporation. In the first month since it was launched the DEX reached an impressive $112 million in total trading volume. xSigma developments continue with a Gas Cashback, a new roadmap, a staking pool being launched...

Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities

1.4.2021
The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm...

Tether stablecoin is fully backed, says new assurance report

30.3.2021
Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman

UK authorities to focus on stablecoin regulations to prevent monopolies

30.3.2021
British regulators have identified the stablecoin market as their primary assignment amid efforts to create a legal framework for virtual currencies in the country

Payment Giant Visa Integrates USDC Stablecoin Support for Settlement

29.3.2021
On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD coin (USDC), the regulated token built on top of the Ethereum network....

Stablecoin reserves on crypto exchanges hit new historic high of $10B

29.3.2021
Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin

Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law

21.3.2021
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand,...

Diem co-creator leaving Facebook for Planet Labs

18.3.2021
Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be "a journey of years and decades."

Thai Central Bank Sets A Precedent By Banning Baht-pegged Stablecoin

18.3.2021
Source: iStock/Jan-Otto The Thai central bank, the Bank of Thailand, has taken the unprecedented step of banning a fiat baht-pegged stablecoin, claiming that it could undermine the Thai public’s confidence in the existing financial system. The stablecoin in question is the THT, the brainchild...