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Tether Denies Links With Alleged Spokeswoman Alex Welch; Blasts ‘Tabloid’ News Outlets
26.9.2023
A controversy surrounding Alex Welch, an alleged spokeswoman of Tether, the company behind USDT, erupted last week as an article in the Wall Street Journal (WSJ) quoted her as a source for information on the company’s loans. However, Tether CTO Paolo Ardoino denied any involvement of Welch...
Crypto exchange Binance among firms eyeing new stablecoins in Japan
26.9.2023
Binance and Mitsubishi UFJ Trust and Banking Corporation (MUTB) are exploring the issuance of Yen and other foreign currency-denominated stablecoins in Japan
Liquid-Staking Token-Backed Stablecoin MKUSD Surges 27,000% in Under a Month
23.9.2023
Since the start of 2023, the size of the stablecoin economy has decreased amid numerous redemptions. However, new stablecoin asset projects, such as Aave’s GHO, First Digital’s FDUSD, and Paypal’s PYUSD, have emerged. On September 1, a stablecoin protocol named Prisma Finance...
Study: Sub-Saharan Africa’s Bitcoin Transaction Volume Number One Globally, Data Indicates Shift Towards Stablecoins
23.9.2023
Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and “become an important part of many residents’ day-to-day lives.” With a regional volume of 9.3%, Sub-Saharan Africa’s...
Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes
22.9.2023
Tether, the company behind the issuance of USDT, the largest stablecoin in the crypto market, has called out the latest report of the Wall Street Journal (WSJ) on the rise of its loan portfolio. The company stated that traditional banking institutions were “not addressing the needs of their...
Stablecoin Market Dominance Hits 18-Month Low: What's Driving Investors Away?
22.9.2023
Stablecoin market dominance has reached its lowest point in 18 months, according to a Monday report.
Amid a volatile year for cryptocurrencies, the stablecoin sector has experienced a sustained decline. As reported by CCData, the decrease has persisted for 18 months, causing market dominance...
Stablecoin Market Dominance Hits 18-Month Low: What's Driving Investors Away?
22.9.2023
Stablecoin market dominance has reached its lowest point in 18 months, according to a Monday report.
Amid a volatile year for cryptocurrencies, the stablecoin sector has experienced a sustained decline. As reported by CCData, the decrease has persisted for 18 months, causing market dominance...
Tether Reneges on Loan Promise: Lends $5.5 Billion in Stablecoins Despite Earlier Pledge
22.9.2023
Tether, the company behind the popular USDT stablecoin, has raised eyebrows in the crypto community by lending out $5.5 billion in stablecoins, despite its earlier promise to halt such loans by the end of 2023, according to a Wall Street Journal report.
This revelation has raised questions about...
Binance plans to delist stablecoins in Europe citing MiCA compliance
21.9.2023
A Binance executive said the cryptocurrency exchange plans to delist stablecoin in the European market by June 2024 in order to comply with standards laid out by MiCA
Binance plans to delist stablecoins in Europe citing MiCA compliance
21.9.2023
A Binance executive said the cryptocurrency exchange plans to delist stablecoin in the European market by June 2024 in order to comply with standards laid out by MiCA
Opera Launches Blockchain-Based Wallet Enabling Rapid P2P Stablecoin Transfers for African Users
21.9.2023
The creator of the Opera Mini web browser recently announced the launch of a blockchain-based wallet which makes it possible for African users to rapidly transfer stablecoins. Integration of the stablecoin wallet into the Opera Mini browser is expected to expose users to decentralized apps (dapps)...
Circle CEO Jeremy Allaire: Stablecoin Bill Unlikely to Be Signed Into Law
19.9.2023
Jeremy Allaire, CEO of Circle, the issuer of USDC, the second-largest stablecoin in the market, has shared his skepticism about the passing of a stablecoin law anytime soon. On Laura Shin’s podcast, Unchained, Allaire explained that, while there is a consensus about the importance...
Stablecoin Ecosystem Holds Firm Despite Lackluster Activity
17.9.2023
The stablecoin economy has remained relatively lackluster over the past 30 days, fluctuating slightly above or slightly below the $124 billion range. In the last 24 hours, the global trade volume for fiat and commodity-pegged tokens has reached $11.55 billion. Stablecoin Market Shows Resilience...
Debunking Crypto Myths: An Analysis of Kenyan Interior Minister’s Crypto Activity and Terror Funding Argument
17.9.2023
Despite Kenyan Interior Minister Kithure Kindiki’s recent attempt to revive the old crypto terrorism funding narrative, evidence suggests that criminal elements primarily use conventional financial systems when transferring funds. Contrary to Kindiki’s claims, crypto transactions...
American Bankers Association States a CBDC Is ‘Unnecessary’ and Presents ‘Unacceptable Risks’ to the US Financial System
16.9.2023
The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the U.S. is “unnecessary” and would introduce “unacceptable...
Decentralized stablecoins could dominate crypto: MakerDAO founder
15.9.2023
MakerDAO’s Rune Christensen says appropriate regulation will see stablecoins become mainstream, but the real opportunity is in decentralized stablecoins
Digital Trading Platform MetaComp Offers Clients Stablecoin-to-TradFi Security Path, Claiming Singapore First
13.9.2023
Trading volume has climbed to around $50 million since the service was introduced last month
What's Wrong With PayPal's Stablecoin?
12.9.2023
Stablecoin de-pegging plagued USDC and DAI more than others: Analysts
12.9.2023
Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global
What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat
10.9.2023
Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat money. Stablecoins blend the characteristics...