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Do algorithmic stablecoins have a future as centralized coins are under scrutiny?
1.4.2023
Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts
TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost
31.3.2023
The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair
Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin
31.3.2023
USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner
Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions
30.3.2023
Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD...
Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition
30.3.2023
Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before he is extradited from the Balkan nation,...
Blockchain and regulated stablecoins to be widely used by 2030, industry execs say
30.3.2023
Digital regulatory professionals have predicted the wide use of stablecoins throughout the world by the year 2030, despite the current competition between TradFi and DeFi
USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
29.3.2023
Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation
Japanese Megabank Mitsubishi UFJ Launches Stablecoin Interoperability Pilot
29.3.2023
The Japanese megabank Mitsubishi UFJ Financial Group and domestic blockchain players say they have teamed up to launch a stablecoin interoperability pilot.
In a Mitsubishi UFJ press release, the firm’s trust and banking unit said it was partnering with the Tokyo-based blockchain developer...
Stablecoins are solution to crypto’s banking problem, exec says
29.3.2023
Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues
Circle prefers reserves and payment rails with the Fed, says exec
29.3.2023
Circle’s APAC Vice President said that the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed, in light of the recent banking crisis
Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain
29.3.2023
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than...
Circle announces USDC launch for Cosmos via Noble network
28.3.2023
The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains
Coinbase Urges Creation of Stablecoins That Preserve Purchasing Power Amid Dispute with SEC
28.3.2023
The US-based crypto exchange Coinbase is calling on developers to create a new and inflation-proof stablecoin for its own blockchain.
The call for the new type of stablecoin came in a blog post on Thursday where the exchange said it is “particularly interested in ‘flatcoins’ – stablecoins that...
Binance's BUSD Stablecoin Sees $500M Outflows After CFTC Lawsuit
28.3.2023
Some analysts say Binance’s recent decision to include other stablecoins in its zero-fee trading program could have contributed to lesser dependence on BUSD
Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit
28.3.2023
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in...
MakerDAO passes new 'constitution' to formalize governance process
27.3.2023
The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities
Euler Finance exploiter returns another $37.1M worth of ETH and DAI
27.3.2023
The exploiter originally drained $195 million worth of ETH and tokens from the protocol but has now returned around $138 million
Terraform Labs co-founder on S.Korea crosshair following Do Kwon arrest
27.3.2023
Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse
Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
26.3.2023
According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC...
In-Chat Tether Transfers Introduced in Telegram
25.3.2023
Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app. Tether Added to Wallet Bot in Telegram Messenger...