21 / 24 Relevant items tagged with #Stablecoins

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BTC-Backed Stablecoins Will be An Integral Part Of The Bitcoin Economy

[Apr 5, 2023 6:00 AM] Over-collateralized, bitcoin-backed stablecoins are going to be an integral part of hyperbitcoinization. This is an opinion editorial by David Seroy, founder and president of Old North Capital Fund and a contributor to the Sovryn protocol.It is…

Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High

[Apr 4, 2023 3:06 PM] Tokenized gold is a type of stablecoin that pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer.

Tether Gained Access to U.S. Financial System Using Signature Bank: Bloomberg

[Apr 4, 2023 2:11 PM] Tether CTO Paolo Ardoino, in response to the article, said the company has no exposure to Signature Bank.

PayPal and the credit card industry are taking advantage of consumers

[Apr 4, 2023 1:18 PM] Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees.

Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchains

[Apr 3, 2023 10:30 AM] On Monday, April 3, the decentralized exchange (dex) platform Pancakeswap launched version 3 of its protocol (v3) on the Binance Coin (bnb) and Ethereum blockchains. The new application aims to improve the performance of the dex protocol and reduce…

With RGB, The Bitcoin Lightning Network Can Now Transfer Altcoin Assets

[Apr 3, 2023 6:00 AM] With the RGB protocol, users can allocate altcoins to Bitcoin UTXOs, enabling stablecoins transfers on the Lightning Network and more. The Lightning Network is arguably the most impactful and important innovation ever seen in Bitcoin. It enables…

USDC's Depeg Laid Bare the Risks Traditional Finance Poses to Stablecoins

[Apr 2, 2023 8:16 AM] A Moody's analyst examines how the recent banking crisis spilled into crypto, and why alternatives to stablecoins like tokenized bank deposits and CBDCs may be needed to prevent contagion.

TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost

[Mar 31, 2023 3:44 PM] The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.

Why did 12K Bitcoin margin longs close at Bitfinex, and why didn’t it impact BTC price?

[Mar 31, 2023 2:18 PM] An unprecedented number of BTC margin longs recently closed at Bitfinex, leaving analysts searching for explanations.

Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin

[Mar 30, 2023 5:13 PM] USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.

Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

[Mar 30, 2023 11:30 AM] Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD…

What the Bank of England’s Stablecoins Regime Could Look Like

[Mar 29, 2023 3:21 AM] The Bank of England's upcoming crypto regime would try to ensure that funds are returned to customers when certain crypto firms enter a crisis.

Macro Is Back to Moving the Digital Asset Markets

[Mar 27, 2023 3:01 PM]

Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley

[Mar 27, 2023 5:19 AM] Traders on Binance now set the daily price for BTC with the crypto exchange’s share of trading volume reaching 80%, the report said.

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

[Mar 26, 2023 8:30 AM] According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last…

Quant Explains How Bitcoin ‘ESR’ Can Act As Leading Indicator For Price

[Mar 24, 2023 8:40 AM] A quant has explained using on-chain data how the Bitcoin Exchange Stablecoins Ratio (ESR) may act as a leading indicator for the price. Bitcoin ESR Has Shown Divergence From The Price Recently As explained by an analyst in a CryptoQuant post, the…

U.S. Banking Crisis Could Present an Opportunity for Some Crypto Exchanges: JPMorgan

[Mar 24, 2023 3:27 AM] Stablecoin trading volumes have increased following the run of bank collapses in the U.S., the report said.

Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg

[Mar 23, 2023 10:58 AM] The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed.

Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head

[Mar 22, 2023 5:02 PM] Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.

Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

[Mar 21, 2023 10:30 PM] On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly…

Crypto Exchange BitMEX's Acting CEO: We Have Gone Through the ‘Valley of Death’

[Mar 21, 2023 2:19 PM] The trading platform is built for the current market situation and is now reaping those benefits, Stephan Lutz, says.

Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry

[Mar 21, 2023 5:30 AM] Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways…

Circle Seeks to Register in France, Ramping Up European Play

[Mar 21, 2023 4:30 AM] The stablecoin issuer wants to expand European operations and prepare for new reserve requirements under the EU’s MiCA law.

OKX to cease operations in Canada by June 22 2023

[Mar 20, 2023 8:00 AM] "Withdrawals from OKX will continue to be available," wrote the OKX team in an email to users. ͏ ͏ ͏ ͏

Bitcoin and Stablecoins Will Bring Crypto Mass Adoption to Africa, Experts Say

[Mar 20, 2023 2:50 AM] The sentiment permeated talks and fireside chats at the 2023 Blockchain Africa Conference in Johannesburg, South Africa.

RGB And Taro, Both Putting Tokens On Bitcoin, Take Two Different Approaches To Development

[Mar 18, 2023 6:00 AM] RGB and Taro, two protocols capable of putting tokens like stablecoins on Bitcoin, have taken different approaches to solving similar problems. This is an opinion editorial by Kishin Kato, the founder of Trustless Services K.K., a Japanese…

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

[Mar 17, 2023 12:30 PM] During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million…

Bitcoin Is Benefiting From Crypto’s Flight to Quality: Matrixport

[Mar 17, 2023 4:02 AM] Investors are shifting into bitcoin from stablecoins as well as more volatile cryptocurrencies, the report said.

Moscow City Crypto Exchanges Ready to Send Cash to London, Report

[Mar 17, 2023 1:30 AM] An investigation into digital asset exchanges in the Russian capital has established that some of them are ready to buy digital coins and deliver paper money in the U.K. The transfer of funds does not usually involve the identification of the…

Federal Reserve confirms July launch for FedNow instant payment service

[Mar 15, 2023 9:08 PM] The Fed Now service aims to reduce the gap in payment time between US financial institutions.