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Brazilian Investment Bank BTG Pactual Brings Out Dollar-Backed Stablecoin
5.4.2023
BTG Pactual, one of Latin America's largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform Mynt
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
5.4.2023
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more...
Stablecoin issuer Tether accessed US banking system using Signature: Report
4.4.2023
At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank's Signet platform
Tether Gained Access to U.S. Financial System Using Signature Bank: Bloomberg
4.4.2023
Tether CTO Paolo Ardoino, in response to the article, said the company has no exposure to Signature Bank
DeFi Hub Nibiru Chain Valued at $100M After $8.5M Seed Funding Round
4.4.2023
The startup will launch its testnet and stablecoin this summer
Brazil bank BTG Pactual to issue USD-pegged stablecoin
4.4.2023
The new USD-pegged stablecoin aims to help BTG Pactual’s customers interact between the traditional financial system and the digital economy
Unbound Finance Will Soon Allow Stablecoin Borrowing Against Uniswap LP Positions on Arbitrum
3.4.2023
With Unbound, Uniswap V3 LPs can borrow Unbound’s stablecoin, UND, interest-free, secured against their concentrated liquidity positions
Stress test? What Biden’s bank bailout means for stablecoins
2.4.2023
A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional finance
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