Tag: stablecoins
All news related to cryptocurrencies pegged to other assets, such as the US dollar.
Hashed Has Lost $3.5B Due to Terra Crash
Reading Time: < 1 minute The recent collapse of Terra has cost blockchain company Hashed $3.5 billion in losses.
South Korea Files Lawsuit Against Terraform Labs CEO Over UST Collapse
Reading Time: < 1 minute LKB & Partners, one of the leading law firms in South Korea, is preparing to sue Terraform Labs CEO Do Kwon.
More Whitelisted Members, Wider DEX Integrations, Higher Total Supply – USDD Thrives Alongside Increased and Diversified Reserve Assets
Reading Time: 4 minutes Geneva, Switzerland, 17th May, 2022, Chainwire he TRON DAO Reserve has announced four more major players in the blockchain industry, Amber Group, Poloniex, ANKR, and Mirana following Alameda Research founded […]
The UK Will Not Legalize Algorithmic Stablecoins
Reading Time: < 1 minute The UK Treasury plans to include the regulation of stablecoins as a payment mechanism in the Financial Services and Markets Bill.
Terra Investors Are Looking for Project Creator Do Kwon
Reading Time: < 1 minute Angry investors are wondering where Terraform Labs CEO Do Kwon is and have called for his arrest.
TUSD Announces New Domain Name While Continuing to Be a Top Stablecoin with its Three Core Competencies
Reading Time: 4 minutes Singapore, Singapore, 12th May, 2022, Chainwire TUSD has announced its new domain name from trueusd.com to tusd.io for a cleaner, concise, and more memorable name as it continues to offer […]
Tether CTO: The Company Has No Plans to Hold an IPO
Reading Time: < 1 minute Tether, issuer of the stablecoin with the same name Tether (USDT), is not considering an IPO.
TRON DAO Launches USDD Jointly with Blockchain Leaders
Reading Time: 3 minutes Geneva, Switzerland, 5th May, 2022, Chainwire H.E. Justin Sun, Founder of TRON, has announced the launch of USDD through the TRON DAO Reserve on Thursday, May 5. SunSwap, Uniswap, PancakeSwap […]
TrueUSD and Balancer Offer Liquidity Providers TUSD and BAL Rewards from Stablecoin Pool Incentive Program
Reading Time: 3 minutes Singapore, Singapore, 31st March, 2022, – TrueUSD (TUSD) and Balancer (BAL) Automated Market Maker (AMM) partnered up with Polygon to offer liquidity providers with TUSD and BAL rewards from a […]
Price of Cashio Project Stablecoin Drops Following Hack Attack
Reading Time: < 1 minute Solana-based protocol Cashio has been attacked, which has made the price of the stablecoin CASH fall to zero.
Swiss City of Lugano Will Allow Bitcoin and USDT Payments
Reading Time: < 1 minute The Swiss city of Lugano will make Bitcoin, Tether and the city’s LVGA token “de facto” legal tender.
Circle Hits $9 Billion Valuation Due to Renewed Merger Agreement with SPAC
Reading Time: < 1 minute Circle has agreed new terms for a reverse merger deal with SPAC Concord Acquisition Corp.
Meta Refuses to Issue its Own Stablecoin
Reading Time: < 1 minute Facebook, which has recently renamed to Meta, announced in 2019 the development of its own fiat-backed digital currency.
Fed Releases Report on the Risks and Benefits of Stablecoins
Reading Time: < 1 minute The Federal Reserve of the United States (Fed) has published a report that examines the threats and impact of stablecoins on US monetary policy and the credit system.
USDC Supply on Ethereum Exceeds USDT for First Time
Reading Time: < 1 minute The total supply of stablecoin USD Coin (USDC) from the Center consortium on the Ethereum blockchain has surpassed Tether (USDT) for the first time.
Tether Blocks Address with More Than $1M in USDT
Reading Time: < 1 minute The issuer of the stablecoin USDT, Tether, has added to its blacklist an Ethereum address with over $1 million worth of crypto assets.
The Death of the Traditional Savings Account: BitMEX EARN Launches More 14% APR Products for Tether
Reading Time: 2 minutes BitMEX is launching another high-return BitMEX EARN product today following a strong response from its users and the crypto community which saw them become fully subscribed.
US Treasury Releases Report on the Risks of Stablecoins
Reading Time: < 1 minute The US Treasury has published a report on the risks associated with stablecoins.
US FDIC May Extend $250,000 Insurance Coverage to Stablecoin Deposits
Reading Time: < 1 minute Certain stablecoins may be listed on the FDIC’s $250,000 end-to-end coverage.
COTI Plans to Issue “Djed,” the First Algorithmic Stablecoin on Cardano
Reading Time: < 1 minute Cardano founder Charles Hoskinson has unveiled during the Cardano Summit COTI will serve as the official issuer of a new stablecoin based on the Djed stablecoin protocol.
HaloDAO Teams Up with TrustToken to Expand International Stablecoins Marketplace
Reading Time: < 1 minute HaloDAO has recently announced it has teamed up with stablecoin issuer TrustToken to add support for TAUD, TCAD, TGBP and THKD into its dApp.
Facebook Leaves Diem Behind And Seeks Third-party Stablecoins
Reading Time: < 1 minute Novi Financial, which is behind the Diem project, is exploring partnerships with third-party stablecoin issuers.
Expert: The Stablecoin Market Will Grow to $1T by 2025
Reading Time: < 1 minute The capitalization of stablecoins will grow from the current $115 billion to $1 trillion by 2025 despite the existing regulatory uncertainty.
Fed Chairman: The Digital Dollar Will Affect Bitcoin’s Popularity
Reading Time: < 1 minute The chairman of the US Federal Reserve has said stablecoins and cryptos will no longer be useful after the digital dollar is launched.
Stablecoin USDC Will Soon be Available on 10 Extra Networks
Reading Time: < 1 minute USD Coin (USDC), a stablecoin pegged to the price of the US dollar developed by the Centre Consortium, could soon expand to 10 more blockchains.
