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Devs Debate Using USDC for Collateral After DAI Stablecoin Faces Liquidity Issues
18.3.2020
Since March 12, the Makerdao community has been struggling with the stablecoin DAI which has been over $4 million undercollaterized since the crypto market carnage started. On March 18, the developers plan to auction newly minted maker (MKR) tokens in order to remove the outstanding debt. However...
MakerDAO Considering USDC Collateral Support For Enhanced Liquidity
16.3.2020
DeFi giant MakerDAO is considering USDC as collateral support to fight its liquidity risk
Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc
16.3.2020
Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.6 billion USDT wasn’t enough for all the liquidity needed to shield the storm. Other tokens...
Circle’s USD Coin Sees Major Growth After Market Downturn
15.3.2020
USDC seems to be the only stablecoin to stabilized on a significantly higher market cap after the recent Bitcoin price downturn
ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao
13.3.2020
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s...
MakerDAO Community to Vote on Upgrades, Conduct Debt Auction
13.3.2020
For the first time, MKR tokens will be minted and auctioned for DAI to repay outstanding debts that failed as a result of the recent crypto market meltdown
50 Companies Back New Cryptocurrency Project Competing With Facebook’s Libra
13.3.2020
Some members of the Libra Association are now backing a rival project called Celo, which has its own blockchain and cryptocurrency. Over 50 major companies have pledged their support, each pursuing a diverse set of use cases. The project claims that the combined reach of all members exceeds...
Libra Members Hedge Their Bets by Joining Rival Stablecoin Project
12.3.2020
Dubbed the “Celo Alliance for Prosperity,” the stablecoin project is backed by key Libra Association members such as Coinbase Ventures, Andreessen Horowitz and Anchorage
Binance Stablecoin BUSD Tops $100M but Lags Behind Rivals
11.3.2020
Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether's TUSD
Binance Dollar Exceeds $100 Million Cap ‒ 400% Growth
11.3.2020
The market cap for the Binance Dollar now exceeds $100 million making it the sixth biggest stable coin by market cap
Circle Releases USDC APIs for Crypto Mass Adoption
10.3.2020
Circle’s consolidation around USDC is finally bearing fruits as it releases APIs targeted for mass adoption
Tether Looks to Catch Up in DeFi With Aave Integration
10.3.2020
Tether is moving to provide an alternative to DeFi as it joins forces with Aave
Blockchain.Com Now Offers Crypto Lending Service to All Users
10.3.2020
Blockchain.com now allows retail users to borrow Paxos Standard stablecoin against Bitcoin
Circle Rolls Out Stablecoin Business Accounts, Preps SeedInvest for Sale
10.3.2020
Circle is rolling out business accounts denominated in the stablecoin USDC and looking to sell crowdfunding platform SeedInvest as part of an ongoing pivot
Retail Demand May Force the SEC to Approve a Bitcoin ETF
8.3.2020
IndexIQ’s director believes that retail demand and a maturing of the crypto sector will force the SEC to approve a Bitcoin ETF in the coming years
Bitfinex Launches Tether Gold Futures Trading After It Hit $21M Market Cap
6.3.2020
Bitfinex rolls out futures trading for Tether Gold soon after the new gold-backed stablecoin hit a $21 million market cap and surpassed its nearest rival PAX Gold
Switzerland’s Crypto Valley Association Head Says CBDC Is a Good Idea
6.3.2020
Central bank digital currencies are “the next logical stage,” according to Crypto Valley Association president Daniel Haudenschild
Why Betting on Gold-Backed Stablecoins Is a Losing Game
4.3.2020
Could the symbiosis of the past and future provide humanity with better financial solutions?
USDZ Capital Group Launches USDZ Stablecoin
4.3.2020
Stablecoin is a cryptocurrency pegged to less volatile external assets such as official currencies, precious metals, or oil. The value of a stablecoin can also be pegged to other crypto-assets or fixed by algorithms. Stablecoins retain the same value as the underlying asset and are not subject...
New Wallet From Stablecoin Issuer STASIS Syncs With Financial Institutions
3.3.2020
STASIS said Tuesday its new wallet would offer regulated financial institutions a new gateway into cryptocurrencies