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CBDC may threat stablecoins, not Bitcoin: ARK36 exec
24.6.2022
A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a decentralized cryptocurrency, one industry exec believes
Stablecoins Could Still Dominate Post-Terra, S&P Says
23.6.2022
Not all stablecoins are alike, analysts note – but regulations may be needed to compel audits and investor fairness
First Mover Asia: A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K
21.6.2022
The token is a version of China’s currency designed for offshore use; other cryptos are mixed in light trading
Luna Only Makes Bermuda Love Stablecoins More
19.6.2022
Digital assets are the future, the island’s premier David Burt told us at the Consensus 2022 conference – and he’s not worried about being shut out by jurisdictions like the EU
Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout
19.6.2022
Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST)...
Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD
17.6.2022
The cryptocurrency exchange is accused of failing to do due diligence, among other things, after users lost large sums as a result of the depegging of stablecoins
Stablecoins highlight 'structural fragilities' of crypto — Federal Reserve
17.6.2022
“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors," said the Fed report
Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support
17.6.2022
BTC and altcoins could continue to see selling, but a positive is that traders took shelter in stablecoins instead of completely exiting the crypto market
Circle Launches Second Major Stablecoin Backed 1:1 by the Euro
16.6.2022
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle...
Total supply of stablecoins dropped sharply for first time ever in Q2
16.6.2022
A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels
Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments
14.6.2022
Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to 11% annually on their USDC and USDT funds, with the earnings being deposited in customers’...
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
13.6.2022
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital...
Human Rights Advocates Insist Bitcoin ‘Provides Financial Inclusion’ — Refutes Claims in Critics’ Letter to US Congress
13.6.2022
Human rights defenders from 20 countries have insisted that bitcoin “provides financial inclusion and empowerment because it is open and permissionless.” Together with stablecoins, the cryptocurrency offers “unparalleled access to the global economy” for people from...
Moneygram Launches USDC Crypto-to-Cash Program in Certain Markets
12.6.2022
Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets...
Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation
12.6.2022
Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from...
What can other algorithmic stablecoins learn from Terra’s crash?
12.6.2022
The main problem that led to the fall of Terra was that the reserves appeared to be overcollateralized, but in reality, they weren’t
Congreso estadounidense podría aprobar ley de stablecoins este año, según legisladores
11.6.2022
El colapso de terraUSD no ha hecho más que echar más leña al fuego para aquellos que dicen que el sector necesita claridad regulatoria, y rápido
Crypto Biz: Stablecoins are paving the way for mass adoption of crypto, June 2–8
10.6.2022
Checkout.com, FTX, PayPal and Crypto.com headline the latest business news from the world of cryptocurrency and blockchain
New York state releases guidance for issuing dollar-backed stablecoins
8.6.2022
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type
Checkout.com Reveals Merchants Can Accept and Make Payments in USDC
8.6.2022
On Tuesday, the financial technology company Checkout.com announced that it will allow merchant settlements using the stablecoin USDC via a partnership with the crypto firm Fireblocks. Checkout.com further detailed that in a beta test with select clients, the company settled $300 million...