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The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network


The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework....

S Korean Province Mulls Local Stablecoin-powered Universal Basic Income


Typical Korean street food. The Governor of Gyeonggi Province, South Korea’s most populous province, has suggested launching a universal basic income – funded by local stablecoins. Per OhMyNews, the proposal, spearheaded by Lee Jae-myung, who was elected Governor of Gyeonggi Province in 2018,...

Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation


A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while...

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