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Tether (USDT) – The leading stablecoin and the backbone of the crypto economy
4.4.2024
Tether (USDT) is a stablecoin linked to the value of fiat currencies, such as the US dollar, and it is a crucial pillar in the unstable Bitcoin environment. Tether is a dependable means of exchange and store of value in the turbulent cryptocurrency market, unlike its more unpredictable peers....
Japan’s Hokkoku Bank launches Deposit-Backed ‘Tochika’ Stablecoin
3.4.2024
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
3.4.2024
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
3.4.2024
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
Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall
3.4.2024
The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted
Nick Van Eck’s Agora Stablecoin Raises $12 Million in Seed Funding Led by Dragonfly
3.4.2024
Agora, co-founded by Nick Van Eck, garners $12 million in funding to introduce a stablecoin targeting international markets, while bypassing U.S. users until federal legislation evolves.
The post Nick Van Eck’s Agora Stablecoin Raises $12 Million in Seed Funding Led by Dragonfly appeared...
Hokkoku Bank Launches Tochika, Japan’s First Deposit-Backed Stablecoin
3.4.2024
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
3.4.2024
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...
MakerDAO Considers $600 Million DAI Allocation into USDe and sUSDe
2.4.2024
MakerDAO evaluates a proposal to allocate $600 million of its DAI stablecoin into Ethena Labs' USDe and staked counterpart sUSDe to enhance liquidity and financial resilience.
The post MakerDAO Considers $600 Million DAI Allocation into USDe and sUSDe appeared first on Cryptonews
Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE
31.3.2024
This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March was Ethena’s USDE, soaring by 194.9% over...
Families Worth up to $100 Million Prefer Algorithmic Cryptocurrencies to Tokens — Study
31.3.2024
Families with a net worth of up to $100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%), a new study has found. The study cites statistics indicating that ownership continuity is disrupted in 91% of cases involving a transition from crypto...
TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023
30.3.2024
A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was linked to illicit activity last year, with $19.3...
UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange
29.3.2024
The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K....
Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins
29.3.2024
Celo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other tokens. This also benefits newcomers, making...
The Benefits of Assets Tokenization
27.3.2024
We need to start thinking of blockchains as infrastructure for financial innovation rather than concentrating on the prices of a few digital assets, like bitcoin and ether, says WisdomTree’s digital of digital assets, Benjamin Dean
A16z-Backed Protocol Unveils U.S. Dollar Stablecoin Passing Yield from RWA and DeFi
26.3.2024
Angle also aims to establish a forex hub offering seamless conversion between its dollar and euro-pegged stablecoins
IMF Proposes Digital Money to Enhance Financial Inclusion in Pacific Island Nations
26.3.2024
The IMF has suggested that digital money could significantly improve financial inclusion and enhance the quality of financial services in the remote and dispersed nations of the Pacific Ocean.
The post IMF Proposes Digital Money to Enhance Financial Inclusion in Pacific Island Nations appeared...
Binance to Discontinue Support for USDC Stablecoin on Justin Sun’s Tron
25.3.2024
Binance will no longer facilitate deposits and withdrawals of the USD-pegged stablecoin USDC using the Tron blockchain network.
The post Binance to Discontinue Support for USDC Stablecoin on Justin Sun’s Tron appeared first on Cryptonews
Yala’s Strategic Roadmap Unveiled: Bring Bitcoin Liquidity Across Blockchain With a Meta-Yield Stablecoin
22.3.2024
PRESS RELEASE. [Singapore, Mar 22, 2024] Yala, a project that enables the seamless transfer of Bitcoin liquidity through a meta yield stablecoin, is thrilled to announce a comprehensive brand upgrade. This reflects our commitment to making Bitcoin liquidity universally accessible across blockchain...
BlockDAG’s presale success paves the way among top-rated cryptos: Avalanche’s ascent to $100 & Cardano’s stablecoin launch
22.3.2024
The crypto realm is abuzz with Avalanche price prediction surging towards $100, the mixed reactions following the introduction of a Cardano stablecoin, and the significant presale success of BlockDAG (BDAG), hinting at an impressive post-launch return on investment (ROI) of nearly 10000%. Dive into...