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Nalezeno "stablecoin": 3929

Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project


According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing phase employs the Polygon blockchain, with...

Fantom completes the initial stage for releasing its stablecoin UDDC.e


The Fantom Foundation has completed its first stage of introducing its stablecoin USDC.e, boosted by Wormhole, and is utilizing Circle’s bridged USDC standard. Initially, being a bridged USDC stablecoin from Ethereum (USDC.e), the token is now the stablecoin about the Fantom network. The initial...

Ripple announces the release of USD-backed Stablecoin


Ripple is a well-known service provider for crypto solutions and enterprise blockchain. It has announced plans to launch a stablecoin pegged 1:1 to the US dollar (USD). US dollar deposits, short-term US government treasuries, and other cash equivalents will fully fund Ripple’s stablecoin....

Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing


Ethena Labs plans to use Bitcoin as backing to expand the capacity and stability of USDe stablecoin, which is currently backed by only Ethereum liquid staking tokens. The post Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing appeared first on Cryptonews

Ripple’s New Stablecoin Looks to Boost XRP Adoption


Ripple plans to introduce a stablecoin pegged to the US dollar this year, as projections estimate the market will surpass $2.8t by 2028. The post Ripple’s New Stablecoin Looks to Boost XRP Adoption appeared first on Cryptonews

Japan’s Hokkoku Bank launches Deposit-Backed ‘Tochika’ Stablecoin


Hokkoku Bank has written new history by launching “Tochika,” which is the first stablecoin financed by bank deposits. Being a regional institution of Japan, Hokkoku Bank is proceeding towards the adoption of new Web3 technology with this new stablecoin launch. This sparks new initiatives...

Van Eck Scion’s new stablecoin debut grabs crypto fans’ attention


Van Eck is heavily investing in stablecoins, a relatively new type of cryptocurrency. In order to bolster the case for investment, Agora raised $12 million in finance under the direction of Dragonfly.  Van Eck will assume the role of fund manager for Agora’s stablecoin reserves. Nick Van...

Aave Introduces New Proposal to Adjust MakerDAO DAI Risk Parameters


Aave, a leading lending protocol, has unveiled a new proposal through its Aave Risk Framework Committee (ARFC) to adjust the risk parameters linked to the MakerDAO stablecoin, DAI. The post Aave Introduces New Proposal to Adjust MakerDAO DAI Risk Parameters appeared first on Cryptonews

Hokkoku Bank Launches Tochika, Japan’s First Deposit-Backed Stablecoin


Hokkoku Bank, a regional financial institution in the Ishikawa prefecture, launched Tochika, Japan’s first deposit-backed stablecoin. Customers of the bank will be able to purchase the currency using Tochitsuka, an app developed by Digital Platformer, that previously allowed users to earn...

Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit


Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion demonstrates the robust information technology control...

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