Tag: stablecoins
All news related to cryptocurrencies pegged to other assets, such as the US dollar.
USDT’a Market Caps Reaches New High
Reading Time: < 1 minute
The total market value of Tether (USDT) has reached a new record at $83.4 billion, surpassing its previous record from May 2022 of $83.2 billion.
USDC Dominance Index Falls to 23% in a Year
Reading Time: < 1 minute USDC’s dominance plummeted from 34.88% to 23.05% over the 12-month period.
Stably Launches #USD as the First BRC20 Stablecoin on the Bitcoin Network
Reading Time: 3 minutes Renton, United States, May 25th, 2023, Chainwire Stably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by […]
Tether to Allocate Up to 15% of Profits to Acquire BTC
Reading Time: < 1 minute Tether, the USDT stablecoin issuer, has revealed that from May 2023 onwards, it will be allocating up to 15% of its net realized operating income to buying Bitcoin.
USDC Issuer Increases Share of Treasury Bills Due to Risks of US Default
Reading Time: < 1 minute Circle has revised its stablecoin collateral structure to include short T-Bills, in an effort to protect against the potential of a US technical default.
Circle CEO Attributes Decreasing USDC Market Cap to US Crackdown on Crypto
Reading Time: < 1 minute Jeremy Allaire, CEO of Circle, has stated that the recent regulatory crackdown by the United States has had an effect on the market capitalization of its stablecoin, USD Coin.
Société Générale Will Launch an ETH-Based Stablecoin
Reading Time: < 1 minute Société Générale’s subsidiary, Forge, is launching a euro-denominated Ethereum-based stablecoin called CoinVertible.
USDT Issuer Tether Blocks $3M Address Linked to Attack
Reading Time: < 1 minute Tether, the issuer of the stablecoin USDT, has recently blacklisted an address associated with a MEV bot hack that had approximately $3 million of digital assets.
Circle to Launch USDC on Cosmos Ecosystem
Reading Time: < 1 minute The Noble project has announced the release of USD Coin from Circle issuer in the Cosmos ecosystem.
USDT Doubles USDC’s Market Capitalization
Reading Time: < 1 minute Tether’s USDT market capitalization currently stands at $74.7 billion, almost double that of Circle’s USDC stablecoin capitalization of $37.6 billion.
Crypto Exchange KuCoin Invests in Yuan-Based Stablecoin Issuer
Reading Time: < 1 minute KuCoin Ventures has announced it has led a funding round for the issuer of the stablecoin CNHC, pegged to the value of the offshore yuan.
Circle Reduces USDC’s Supply by 4.5 Billion Coins in Less Than a Week
Reading Time: < 1 minute Circle, the co-issuer of the USD Coin (USDC) stablecoin, has redeemed approximately 6.2 billion coins since March 10.
Algostablecoins DAI and FRAX Lose Their Peg to USD
Reading Time: < 1 minute The algorithmic stablecoins DAI and FRAX lost their peg to the US dollar, mirroring similar problems experienced by the stablecoin USD Coin (USDC).
Circle’s CEO Says SEC Should Not Regulate Stablecoins
Reading Time: < 1 minute Circle CEO Jeremy Allaire has urged the SEC not to regulate stablecoins as securities.
NYDFS: Paxos Has Violated its Obligation to Conduct Individual Periodic Risk Assessments
Reading Time: < 1 minute Infrastructure company and stablecoin issuer Paxos reportedly failed to secure BUSD, which could lead to misconduct.
PayPal Suspends the Development of its Stablecoin
Reading Time: < 1 minute PayPal announced last week that it was suspending the development of its digital currency.
Tether Earned $700M in Q4 2022 Net Income
Reading Time: < 1 minute Tether Limited recorded a net profit of $700 million in October-December.
Aave Launches its GHO Stablecoin on Ethereum Testnet
Reading Time: < 1 minute Aave Companies has launched the GHO stablecoin on the Ethereum testnet Goerli.
The BIS Plans to Develop a Platform for Monitoring Stablecoin Reserves
Reading Time: < 1 minute The Bank for International Settlements has announced that it is working on the creation of a monitoring system for the sufficiency of backing “stablecoins.”
Visa Announces Launch of Platform for Exchanging Stablecoins for Fiat Money
Reading Time: < 1 minute The company plans to build a global blockchain payment infrastructure whose underlying asset will be fiat-backed stablecoins.
Circle: The SEC is Not The Reason for Termination of Our Agreement with Concord Acquisition
Reading Time: < 1 minute The Securities and Exchange Commission has not caused Circle to terminate its agreement with Concord Acquisition as part of the SPAC merger.
COTI Plans to Launch its Own Stablecoin on Cardano’s Blockchain
Reading Time: < 1 minute COTI Network has announced it plans to launch its algorithmic stablecoin Djed next month.
The Market Cap of Stablecoins Falls by 8% in 9 Months
Reading Time: < 1 minute Investors have withdrawn more than $14.3 billion from stablecoins since the start of spring.
USDT Issuer Tether Helps Binance Swap 3 Billion USDT from Tron’s to Ethereum’s Network
Reading Time: < 1 minute Tether, the issuer of the stablecoin USDT, has helped crypto exchange Binance swap 3 billion USDT from Tron to Ethereum.
Platypus Launches Native Stablecoin USP
Reading Time: 2 minutes Hong Kong, Hong Kong, 13th December, 2022, Chainwire Platypus Finance is launching USP, a protocol-native stablecoin. USP’s deployment has emerged from Platypus’ goal of improving capital efficiency for its users. […]
