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Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
10.3.2023
Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank
DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source
10.3.2023
Troubled DeFi stablecoin exchange mStable has been searching for a buyer after its founder announced he would leave at the end of March
Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin
9.3.2023
Amid its ongoing bankruptcy case, Voyager has liquidated more than $80 million since March 8, according to on-chain data sourced from Arkham Intelligence
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
9.3.2023
Rune Christensen said DAI suffers from bad branding that could be slowing its growth on a call with community members
Crypto Billionaire Arthur Hayes Proposes Bitcoin-Based USD Stablecoin – How Would it Work?
9.3.2023
Crypto billionaire Arthur Hayes has put forward the idea of a Bitcoin-based stablecoin whose value is pegged to the sum of $1 worth of Bitcoin and one inverse perpetual swap of BTC against USD. ...
Read More: Crypto Billionaire Arthur Hayes Proposes Bitcoin-Based USD Stablecoin – How Would it Work?
Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin
9.3.2023
Crypto borrowing and lending platform Aave is moving closer to offboarding Binance's troubled stablecoin BUSD
BitMEX co-founder Arthur Hayes proposes Bitcoin-based stablecoin
9.3.2023
The proposed stablecoin, the Satoshi Nakamoto Dollar, aims to be entirely free from any movements of USD, which require banking services
Crypto bill draft will be released in April, says Senator Gillibrand
8.3.2023
The Lummis-Gillibrand bill is expected to offer regulatory clarity for many crypto projects and determine whether they fall under the purview of the SEC or CFTC
Stablecoin Issuer MakerDAO Proposes Additional $750M U.S. Treasury Purchase
7.3.2023
The decentralized autonomous organization behind the DAI coin previously purchased $500 million worth of notes and bonds
Silvergate’s Struggles Will Likely Boost Stablecoins’ Role in Crypto Trading: Kaiko
7.3.2023
Ailing crypto-friendly bank Silvergate closed its instant settlement SEN platform last week, which has been a key on-ramp for institutional crypto investors to transfer U.S. dollars to exchanges
Tether's USDT Stablecoin Market Share Rises to Highest Level in 15 Months
6.3.2023
USDT’s market share among stablecoins surpassed 54% on Monday, the highest level since November 2021
Troubled Crypto Lender Babel Finance Eyes Restructuring with Stable Asset Project – How Does it Work?
6.3.2023
The troubled crypto lending firm Babel Finance is working on a new plan to raise money through a crypto-backed stablecoin.
The new stablecoin that is being proposed is called Babel Recovery Coin. The plan is for the coin to maintain a $1 price in the market through a system of trading incentives...
Stablecoins have plentiful machine-payment use cases in absence of euro CBDC: Report
6.3.2023
The Digital Euro Association sees automated micropayments as a way for Europe to maintain its digital competitiveness, once regulations are in place
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
6.3.2023
The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
6.3.2023
It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since...
Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report
6.3.2023
Hong Kong-based crypto lender Babel Finance is planning on issuing a crypto-backed stablecoin in unison with a decentralized finance (DeFi) platform in an attempt to repay creditors following a $766 million loss last year
Here's how Binance is mitigating its stablecoin needs after BUSD ban
6.3.2023
The recent action from Binance comes in the wake of NYDFS ordering BUSD issuer Paxos to stop minting new BUSD
'Sorry for spreading a rumor', says podcaster on Lido's FUD
5.3.2023
David Hoffman apologized for spreading rumors about what he called a "Wells Notice Carpet Bombing" targeting crypto firms
Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ
3.3.2023
Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says
Binance USD Stablecoin Market Cap Falls Below $10B After Coinbase Delisting
3.3.2023
Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin