Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter
[Jul 31, 2023 10:07 AM] The company said its operational profits exceeded $1 billion in Q2 this year.
19 / 30 Relevant items tagged with #Stablecoin
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Is Another Bitcoin Rally Coming Soon? This Pattern May Say So
[Jul 31, 2023 7:40 AM] On-chain data shows a pattern in the stablecoin shark and whale holdings that may suggest the Bitcoin rally could make a return in the near future. Stablecoin Sharks & Whales Have Been Accumulating Recently According to data from the on-chain…
Tether (USDT) Market Cap Reaches New Peak, Edges Toward $84 Billion Mark
[Jul 29, 2023 3:40 AM] Tether USDT has seen its market cap value reach new highs in the month of July. According to a report by on-chain analytics company Into The Block, the world’s largest stablecoin is steadily approaching the key $84 billion mark. Based on data from…
MakerDAO increases DAI yield in a bid to boost demand
[Jul 27, 2023 1:30 PM] The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%.
Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst
[Jul 27, 2023 10:45 AM] Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm.
MakerDAO Looks to Ignite Growth for $4.6B DAI Stablecoin With Up to 8% Reward
[Jul 27, 2023 10:28 AM] The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year.
Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations
[Jul 27, 2023 10:00 AM] Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers.
Bitcoin bull run next? Bitfinex stablecoin ratio ‘blows up’ in 2023
[Jul 27, 2023 2:24 AM] A “major leading indicator” for Bitcoin is pointing the way toward a classic repeat of bullish BTC price phases, analysis says.
Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback
[Jul 26, 2023 12:00 PM] As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to…
Pacific Island Group of Palau Starts Stablecoin Trial on XRP Ledger
[Jul 26, 2023 9:37 AM] The country has been distributing PSC (Palau stablecoin) for three weeks and the test will run through August.
Binance halts trading of FDUSD stablecoin due to ‘technical issues’
[Jul 26, 2023 5:02 AM] Ahead of the launch, Binance said it would offer zero maker fees for all FDUSD trading pairs.
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
[Jul 25, 2023 6:00 PM] The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.
Former CFTC chairman says stablecoins can be a bridge between two worlds
[Jul 25, 2023 5:21 AM] Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility.
3 reasons why Maker (MKR) fundamentals hint at further price upside
[Jul 24, 2023 2:00 PM] MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
US FSC Chairman eyes regulatory clarity for crypto, stablecoin ecosystems
[Jul 24, 2023 2:43 AM] The upcoming FCA meeting is aimed at providing regulatory clarity for the digital asset ecosystem — cryptocurrencies, blockchain development and stablecoin payments.
Terraform Labs Appoints New CEO While Co-Founder Remains in Jail
Ethena Raises $6.5 Million to Develop an Ethereum-Based, Banking System Independent Stablecoin
[Jul 21, 2023 1:30 AM] Ethena, a protocol that seeks to build a banking system independent stablecoin, has announced that it has raised $6.5 million in its seed round. The round, led by Dragonfly, aims to help issue Ethena’s decentralized stablecoin product in Q3…
US law protects institutions and exposes retail investors — Rep. Torres
[Jul 20, 2023 8:02 AM] New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling.
SEC vs. Ripple: Huge win for crypto
[Jul 19, 2023 9:00 AM] On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses Ripple’s latest win against the SEC and what it means for the crypto market.
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
[Jul 18, 2023 12:26 PM] The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
USDC Market Cap Drops As Redemptions Climb To $1.4 Billion
[Jul 17, 2023 7:00 PM] As one of the biggest stablecoins, USDC is one of the major players in the crypto industry. However, the stablecoins have seen better days, as the stablecoin has seen its market cap drop drastically over the past few months. The second-largest…
Aave Launches GHO Stablecoin on Ethereum Network
[Jul 17, 2023 1:30 PM] Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3)…
Dragonfly, Arthur Hayes Back $6M Round for New Stablecoin, Ethena
[Jul 17, 2023 12:52 PM] The Portugal-based startup also plans to launch a bond token built on the stablecoin platform in the third quarter of 2023.
Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity — Circle exec
[Jul 17, 2023 10:36 AM] Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC: It all looks rosy, he said.
Stablecoin Exchange Deposits Remain Low, What Does It Mean For Bitcoin?
[Jul 17, 2023 8:30 AM] On-chain data shows the stablecoin exchange deposits have remained low recently. Here’s what this may mean for Bitcoin. Stablecoin Exchange Deposits Stay Low, While Withdrawals Jump As pointed out by an analyst in a CryptoQuant post, the fact…
Gnosis Lets Crypto Users Make Everyday Purchases From Wallets With Visa
[Jul 17, 2023 4:00 AM] The crypto-based debit card will allow web3 users to use their stablecoins to pay for products in everyday life.
FSB finalizes its recommendations for a global crypto framework
[Jul 17, 2023 3:37 AM] The Financial Stability Board states that crypto platforms must segregate clients’ digital assets from their own funds and clearly separate functions to avoid conflict of interest.
Stablecoin TrueUSD To Be Fully Controlled By Asian Owner
Stablecoin TrueUSD Owner Techteryx to Take Full Control of Operation
[Jul 14, 2023 5:35 AM] Techteryx assumed "full management full management of all offshore operations and services related to TUSD," on July 13.
Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TUSD Poses Risk: Kaiko
[Jul 13, 2023 10:57 AM] The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.