Tag: stablecoins
All news related to cryptocurrencies pegged to other assets, such as the US dollar.
Former Goldman Sachs Executive Joins Circle’s Board of Directors
Reading Time: < 1 minuteThe former Chief Risk Officer of Goldman Sachs, Craig Broderick, has been announced as having joined the board of directors of Circle Internet Financial.
The Central Bank of India Says Stablecoins Threaten Financial Stability
Reading Time: < 1 minuteOn June 28, the Central Bank published a report warning of the risks posed by stablecoins, as their use could decrease the attractiveness of physical cash and cause financial instability.
DAI Becomes Third Largest Stablecoin
Reading Time: < 1 minuteThe supply of BUSD had fallen by more than 70% since the beginning of 2023, while DAI experienced a 20% increase in investment during the same time period.
USDT Issuer Tether Issues 1 Billion USDT to Support Token Exchange
Reading Time: < 1 minuteTether has recently authorized the issuance of 1 billion USDT in order to support the token exchange on various blockchains.
A Whale Sells $2.3M of BNB Tokens
Reading Time: < 1 minuteA whale investor has made an exchange of 10,000 BNB, valued at approximately $2.3 million, for USDT at a rate of $230 after two years of dormancy.
ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023
Reading Time: 3 minutesPodgorica, Montenegro, June 9th, 2023, Chainwire At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD […]
USDC Issuer Circle Receives Payment Institution License in Singapore
Reading Time: < 1 minuteCircle has been granted a Major Payment Institution license by the Monetary Authority of Singapore, enabling Circle Internet Singapore to offer digital payment token services and domestic and international money transfers in the country.
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 minuteUSDC’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 minutesRenton, 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 minuteTether, 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 minuteCircle 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 minuteJeremy 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 minuteSociété 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 minuteTether, 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 minuteThe 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 minuteTether’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 minuteKuCoin 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 minuteCircle, 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 minuteThe 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 minuteCircle 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 minuteInfrastructure 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 minutePayPal announced last week that it was suspending the development of its digital currency.
Tether Earned $700M in Q4 2022 Net Income
Reading Time: < 1 minuteTether Limited recorded a net profit of $700 million in October-December.
Aave Launches its GHO Stablecoin on Ethereum Testnet
Reading Time: < 1 minuteAave Companies has launched the GHO stablecoin on the Ethereum testnet Goerli.
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