Terra Classic Community Votes to Stop USTC Minting as Revival Efforts Continue
[Sep 25, 2023 3:02 AM] TerraUSD Classic, the stablecoin at the center of Terra’s implosion, will no longer be minted.
16 / 30 Relevant items tagged with #Stablecoin
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Stablecoin exodus: Why are investors fleeing crypto’s safe haven?
[Sep 22, 2023 7:03 AM] Stablecoins have seen a 17-month decline as investors move to traditional assets. What needs to happen for the exodus to stop?
Binance plans to delist stablecoins in Europe citing MiCA compliance
[Sep 21, 2023 7:52 AM] A Binance executive said the cryptocurrency exchange plans to delist stablecoin in the European market by June 2024 in order to comply with standards laid out by MiCA.
Binance plans to delist stablecoins in Europe citing MiCA compliance
[Sep 21, 2023 7:52 AM] A Binance executive said the cryptocurrency exchange plans to delist stablecoin in the European market by June 2024 in order to comply with standards laid out by MiCA.
Binance Warns of Multiple Stablecoin Delistings as Lawyers Puzzle Over EU's MiCA
[Sep 21, 2023 6:00 AM] The EU’s landmark Markets in Crypto Assets law, MiCA, takes effect next year, but it’s not clear how it will apply to foreign or decentralized issuers
Opera Launches Blockchain-Based Wallet Enabling Rapid P2P Stablecoin Transfers for African Users
[Sep 21, 2023 5:30 AM] The creator of the Opera Mini web browser recently announced the launch of a blockchain-based wallet which makes it possible for African users to rapidly transfer stablecoins. Integration of the stablecoin wallet into the Opera Mini browser is…
Tether 2023 stablecoin loans rise despite size-down announcement in 2022
[Sep 21, 2023 3:50 AM] Tether said the new loans were made on request of some of their long-standing partners and they plan to cut it down to zero by 2024.
PayPal rolls out PYUSD stablecoin to Venmo users
[Sep 20, 2023 12:32 PM] The payments platform said PayPal USD will be “rolling out fully in the coming weeks” after announcing its launch on Venmo.
Paypal Launches US Dollar-Denominated Stablecoin PYUSD on Venmo
[Sep 20, 2023 12:30 PM] On Wednesday, the payment giant Paypal announced that the stablecoin PYUSD is now available on Venmo. Paypal detailed that the stablecoin asset will be available to select Venmo users and fully roll out for all users “in the coming…
PayPal’s PYUSD Report Provides Valuable Insight Into The Stablecoin’s Performance So Far
[Sep 19, 2023 2:00 PM] A new report has shown that the adoption of PayPal’s PYUSD stablecoin has seen less than favorable adoption rates since its inception. The crypto community remains skeptical about employing the new stablecoin for daily crypto payments and has opted…
Circle launches USDC stablecoin on Polkadot Asset Hub
[Sep 19, 2023 8:11 AM] Polkadot USDC users should not deposit XCM-transferred USDC from non-Polkadot Asset Hub parachains, Circle has warned.
Bye Bye Birdie: Binance Begins Process Of Axing BUSD Stablecoin
[Sep 15, 2023 4:00 PM] Binance crypto exchange announced in late August that it is moving to end support for its beloved BUSD stablecoin. This move comes amid the stablecoin’s run-in with regulators, leading to a halt in its production. And now, the exchange has started…
Coinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance Redefined
[Sep 15, 2023 1:20 PM] Coinbase’s CEO has become the latest ally of the DeFi space, calling for apt regulations of the ecosystem rather than enforcement action by regulatory bodies.
Transparency Report Reveals Backing for Paypal’s PYUSD Stablecoin
Opera browser debuts stablecoin wallet MiniPay in Africa
[Sep 13, 2023 4:32 AM] Opera’s new in-browser, non-custodial wallet runs on the Celo blockchain and targets the platform’s user base in Africa for P2P stablecoin transactions.
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
[Sep 13, 2023 4:07 AM] The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states.
Report Reveals The Stablecoins That Have Suffered The Most De-Peg Events
[Sep 12, 2023 5:30 AM] Amidst the constant price swings and uncertainties that plague the crypto market, stablecoins have become an invaluable asset for investors and traders. However, analysts have revealed several stablecoins that have been struggling to maintain the…
JPMorgan Mulls Blockchain-Based Deposit Token, Report
[Sep 9, 2023 4:00 PM] America’s biggest bank by assets, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border payments and interbank transfers. If approved by regulators, the banking giant may create the digital asset, which would be different…
Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation
[Sep 8, 2023 1:30 PM] Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.
Palau to freeze USD-backed stablecoin after pilot launch in July
[Sep 7, 2023 3:49 AM] Palau's USD-backed stablecoin build on XRP Ledger will be frozen on Sept. 15 as the government will be collecting feedback from users to shape the way ahead.
Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity
[Sep 6, 2023 2:31 PM] Bitcoin’s current price action leaves much to be desired, but multiple indicators point to what could be a generational buying opportunity for patient investors.
Visa Taps Solana and USDC Stablecoin to Boost Cross-Border Payments
[Sep 5, 2023 8:55 AM] The company said it is one of the first major payment institutions to use directly the Solana network for settlements.
Visa Expands Stablecoin Settlement to Solana and Merchant Acquirers
[Sep 5, 2023 8:30 AM] Visa is taking a step in advancing digital currency adoption by expanding its stablecoin settlement capabilities to the Solana blockchain network. The payments giant also announced new pilot programs with merchant acquirers Worldpay and Nuvei to…
Australian lawmakers send back crypto bill by Andrew Bragg
[Sep 4, 2023 7:38 AM] Introduced in March 2023, Australia’s bill on digital asset market regulation has faced a series of report delays by the Senate, and it's now been sent back for amendments.
Bitcoin's Use as Margin Collateral in Crypto Futures Trading Is Growing
[Sep 4, 2023 2:57 AM] Using BTC as collateral for a derivative is effectively a double whammy, according to analysts.
BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span
[Sep 3, 2023 2:30 PM] The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark…
Binance to Gradually Phase Out Support for BUSD Stablecoin
[Aug 31, 2023 1:30 PM] The world’s largest cryptocurrency exchange by global trade volume, Binance, has announced it is discontinuing support for the stablecoin asset BUSD. The trading platform is encouraging users to swap their BUSD as Binance gradually phases…
Coinbase Debuts Paypal’s PYUSD Stablecoin; Trading to Roll Out in Phases Pending Liquidity
[Aug 31, 2023 12:30 PM] Coinbase has listed Paypal’s PYUSD stablecoin, following an announcement of its support for the digital asset just a day earlier. Should liquidity requirements be satisfied, the exchange plans to introduce trading pairs for the asset in…
August Chronicles Another Month of Decline as 9 of 10 Leading Stablecoins Witness Supply Contraction
[Aug 31, 2023 8:30 AM] Over the past 30 days, nine of the leading ten stablecoins by market cap experienced declines, with BUSD witnessing the most significant dip, plunging 16.6%. As we wrapped up August, the combined value of these stablecoins hangs just below the $125…
Binance pushes new stablecoin as it confirms plan to cease BUSD support
[Aug 31, 2023 2:04 AM] Paxos has earlier said it will halt support of Binance's stablecoin by February 2024, now the exchange has said it will also stop support by that time.