23 / 29 Relevant items tagged with #stablecoin

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Tether supply hits $80B for the first time since May 2022 — Stablecoin rivals stumble

[Apr 6, 2023 9:28 AM] The supply of USDT across cryptocurrency exchanges has dropped 28% in 2023, hinting at an overall decline in demand for stablecoins.

Japan pushes for friendlier environment for crypto with Web3 proposals

[Apr 6, 2023 7:16 AM] Japan's Web3 project team released a white paper suggesting ways to expand the country's crypto industry to establish a welcoming atmosphere for crypto.

ANZ bank completes Australian CBDC use case for carbon credit trading

[Apr 5, 2023 12:00 PM] The first Australian dollar-backed stablecoin was used with Australian CBDC support to trade carbon credits with Grollo Carbon Ventures.

Tether 'unequivocally reiterates' no exposure to Signature Bank

[Apr 5, 2023 7:15 AM] The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank.

Brazilian Investment Bank BTG Pactual Brings Out Dollar-Backed Stablecoin

[Apr 5, 2023 3:41 AM] BTG Pactual, one of Latin America's largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform Mynt.

‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO

[Apr 5, 2023 2:30 AM] Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber…

Stablecoin issuer Tether accessed US banking system using Signature: Report

[Apr 4, 2023 3:31 PM] At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank's Signet platform.

DeFi Hub Nibiru Chain Valued at $100M After $8.5M Seed Funding Round

[Apr 4, 2023 9:57 AM] The startup will launch its testnet and stablecoin this summer.

Brazil bank BTG Pactual to issue USD-pegged stablecoin

[Apr 4, 2023 6:48 AM] The new U.S. dollar-pegged stablecoin aims to help BTG Pactual’s customers interact between the traditional financial system and the digital economy.

Stress test? What Biden’s bank bailout means for stablecoins

[Apr 2, 2023 8:13 AM] A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional finance.

Do algorithmic stablecoins have a future as centralized coins are under scrutiny?

[Apr 1, 2023 7:01 AM] Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts.

Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition

[Mar 30, 2023 7:30 AM] Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before…

Blockchain and regulated stablecoins to be widely used by 2030, industry execs say

[Mar 30, 2023 3:40 AM] Digital regulatory professionals have predicted the wide use of stablecoins throughout the world by the year 2030, despite the current competition between TradFi and DeFi

Over $18 Billion USDT Held In Binance, Bull Run Incoming?

[Mar 30, 2023 2:30 AM] Nansen data on March 30 shows that over $18 billion of USDT is held on Binance, the world’s largest cryptocurrency exchange by user count and trading volumes. Binance Holding Over $18 Billion Of USDT At this pace, USDT constitutes the biggest share…

USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High

[Mar 29, 2023 3:44 PM] Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation.

Stablecoins are solution to crypto’s banking problem, exec says

[Mar 29, 2023 6:30 AM] Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues.

Circle prefers reserves and payment rails with the Fed, says exec

[Mar 29, 2023 4:25 AM] Circle’s Asia-Pacific vice president said the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed in light of the recent banking crisis.

Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain

[Mar 28, 2023 11:30 PM] According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give…

Do Kwon’s Extradition Likely to Take Time, Montenegrin Prosecutor Says

[Mar 28, 2023 2:30 PM] A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon. The law enforcement official told South Korean media that Montenegrin authorities intend to indict…

Circle announces USDC launch for Cosmos via Noble network

[Mar 28, 2023 2:00 PM] The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains.

Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit

[Mar 28, 2023 12:00 AM] After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million…

MakerDAO passes new 'constitution' to formalize governance process

[Mar 27, 2023 3:45 PM] The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities.

Euler Finance exploiter returns another $37.1M worth of ETH and DAI

[Mar 27, 2023 2:21 PM] The exploiter originally drained $195 million worth of ETH and tokens from the protocol but has now returned around $138 million.

Terra co-founder in S.Korean crosshairs following Do Kwon arrest

[Mar 27, 2023 1:31 AM] Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse.

MakerDAO Maintains Trust In USDC Despite Depeg Debacle

[Mar 25, 2023 10:15 PM] MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin.  Although USDC experienced a temporary depeg earlier this month, an…

In-Chat Tether Transfers Introduced in Telegram

[Mar 25, 2023 4:30 AM] Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app…

MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan

[Mar 24, 2023 2:11 PM] The passed measure ends the 1% USDC-to-DAI minting fee that was previously implemented.

USDT issuer Tether has up to $1.7B in excess reserves, CTO says

[Mar 24, 2023 4:02 AM] Tether chief technology officer Paolo Ardoino believes USDT is becoming the “safest asset to hold in the world” amid the banking crisis.

Xapo Bank to enable USDC deposits and withdrawals

[Mar 22, 2023 3:51 PM] According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees.

Adopting CBDC could destabilize banks, help households, US Treasury study says

[Mar 22, 2023 3:15 PM] When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis.