25 / 30 Relevant items tagged with #stablecoin

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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.

Quant Points Out Curious Relationship Between USDT Inflows & Bitcoin Price

[Mar 22, 2023 2:38 PM] A quant has explained using on-chain data that an interesting relationship may exist between the USDT exchange inflows and Bitcoin price. USDT Derivative Exchange Inflows May Be Influencing Bitcoin Price As pointed out by an analyst in a…

Tether Stability Made It the Safest Stablecoin Bet Amid U.S. Banking Crisis, Analysts Say

[Mar 22, 2023 2:15 AM] Tether sold at a slight premium earlier this month even as most stablecoins were dented.

Mastercard to settle transactions for stablecoin wallet in APAC

[Mar 20, 2023 5:00 PM] Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted.

USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s

[Mar 17, 2023 2:15 PM] “Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins’ potential volatility,” Moody’s said.

This Crisis Will Define the Future of Money

[Mar 17, 2023 12:11 PM] The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly…

Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up

[Mar 17, 2023 12:00 PM] Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in.

SVB Collapse Shows the Rot in U.S. Banking and Dollars

[Mar 17, 2023 9:15 AM]

MakerDAO passes proposal for $750M increase in US Treasury investments

[Mar 16, 2023 3:45 PM] The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure.

Swiss Bankers Association proposes deposit tokens to develop digital economy

[Mar 16, 2023 3:30 PM] A deposit token is a concept that came out of Singapore’s Project Guardian last year, and it has already been touted by JPMorgan.

The Banking Crisis Has Been Good for Stablecoin Experimentation

[Mar 16, 2023 11:33 AM]

KuCoin leads $10M funding for Chinese yuan stablecoin issuer

[Mar 15, 2023 4:00 AM] Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan.

National Australia Bank makes first-ever cross-border stablecoin transaction

[Mar 14, 2023 3:59 PM] The “Big Four” Australian bank is the second to issue a stablecoin and hopes to support transactions by corporate clients by the end of the year.

Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says

[Mar 14, 2023 9:00 AM] While Signature’s Barney Frank referred to the recent events with SVB as an “anti-crypto message,” Trezor’s Josef Tetek says they are “definitely good” for Bitcoin.

Recent contagion was ‘TradFi to crypto’ and not vice versa — Circle policy director

[Mar 13, 2023 4:03 PM] “What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi,” said Caroline Hill.

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

[Mar 13, 2023 3:00 PM] Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1…

Bitcoin futures premium falls to lowest level in a year, triggering traders' alerts

[Mar 13, 2023 2:20 PM] On March 12, Bitcoin futures traded 5.5% below regular spot exchanges, causing volatility in derivatives markets.

Coinbase disables trading for BUSD

[Mar 13, 2023 12:00 PM] Coinbase assured users that their BUSD funds would remain accessible and they could still withdraw funds at any time.

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

[Mar 13, 2023 11:30 AM] On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant…

Gemini says no funds at Signature Bank backing GUSD

[Mar 13, 2023 11:30 AM] The company stated that it previously had a relationship with Signature but said it no longer has funds there.

Crypto industry may escape lasting damage from Silvergate liquidation

[Mar 13, 2023 8:01 AM] Some foresee benefits if the U.S. finally gets sensible crypto regulation post-Silvergate, and traditional banks “may become warmer to establishing [crypto] relationships.”

Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps

[Mar 13, 2023 6:06 AM] The market frenzy that started with the Silicon Valley Bank collapse is pushing the BTC price higher, with some casualties left behind.