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Trust Reserve Stablecoin Team Detained in China: PANews
31.5.2023
A Trust Reserve stablecoin team was detained by police in China on May 29, according to PANews.
The news outlet reported that the team “had been taken away by the police and detained, and the family members of some employees had been notified.”
The office in Shanghai was vacant and had a seal...
Team Behind Offshore Yuan, Hong Kong Dollar Stablecoins Detained by Chinese Police: Report
31.5.2023
Earlier this year KuCoin closed a $10 million funding round into CNHC
CNHC stablecoin issuer detained by Chinese police: Report
31.5.2023
KuCoin Ventures and Circle Ventures are among investors in the Chinese offshore yuan-pegged stablecoin, which is reportedly now under investigation in China
Tether Expands: Stablecoin Issuer Announces Sustainable Bitcoin Mining Project in Uruguay
30.5.2023
After announcing its plan to invest 15% of profits into bitcoin, the company Tether Limited has taken another step toward its crypto goals. Tether, the stablecoin issuer, has revealed its latest venture: “sustainable bitcoin mining operations in Uruguay.” Tether has partnered with...
Tether moves into Bitcoin mining in Uruguay
30.5.2023
As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar
Tether Plans Bitcoin Mining in Uruguay
30.5.2023
Tether is launching bitcoin mining in Uruguay.
Tether, the company behind the largest stablecoin by market cap, said the move “showcases” its commitment to energy innovation and the future of crypto, in an announcement on Tuesday. ...
Read More: Tether Plans Bitcoin Mining in Uruguay
Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay
30.5.2023
Tether announced this month to invest a part of its net realized profits in BTC purchases and infrastructure
USDT market share jumps amid economic uncertainty, USDC shrinks
28.5.2023
Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture
Makerdao Considers Significant DAI Savings Rate Hike: 3.3% on the Horizon, If Vote Passes
28.5.2023
The Makerdao collective is currently immersed in a discussion about the potential rise of the DAI stablecoin’s savings rate to 3.3%. This suggestion was introduced by Block Analitica and revealed to the community on May 26 under the title “Stability Scope Parameter Changes #2.”...
Stargate community proposes removal of Fantom USDC pool to mitigate risks
27.5.2023
So far, a total of 1.7 million verified members of the Stargate community have voted in favor of the proposal
Stablecoin Issuer Lybra Finance Nears $100M in TVL
26.5.2023
Lybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin
Stably to deliver USD-supported stablecoin Stably USD
26.5.2023
Stably, which is a top stablecoin as a service (SCaaS) and flat on-and-off framework provider in terms of Web3 projects, is coming out with its USD-supported stablecoin going by the name of Stably USD. It will be playing the role of a conventionally released BRC20 token having the symbol of #USD....
Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain
26.5.2023
On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are supporting the new AVAX-issued EUROC asset....
Bitcoin's Hot Ordinals Economy is Getting a Dollar-Backed Stablecoin
25.5.2023
Stablecoin issuer Stably is launching a dollar-backed stablecoin for traders of Bitcoin NFTs and BRC-20 tokens
Circle launches euro-based stablecoin on Avalanche blockchain
25.5.2023
Circle launched EUROC last year as a regulated stablecoin, which means that each token is fully backed by euro reserves held at United States-regulated financial institutions
EU watchdog warns about the risk of a bank run on stablecoins
25.5.2023
The European Systemic Risk Board suggests more disclosures, more monitoring to fight the risks of the crypto market
Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices
25.5.2023
The continued contraction of the stablecoin market capitalization suggests that the crypto markets are still in their bear phase, macro analyst Tom Dunleavy said
Crypto should mimic TradFi rules: Global securities regulator IOSCO
23.5.2023
According to the U.S. SEC, IOSCO members together regulate more than 95% of the world’s securities markets
Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East
23.5.2023
Decentralized finance protocol Num Finance will offer stablecoins in Brazilian real, Colombian peso, Mexican peso and Bahrain dinar within the next month and develop tokenized money market funds
Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable:’ Kaiko
22.5.2023
Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion