28 / 29 Relevant items tagged with #stablecoin

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USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors

[Jan 6, 2023 5:00 AM] The bear market deepens as negative news and FUD keep popping up. The latest on the list of fear-causing information is Justin Sun’s USDD stablecoin and popular crypto exchange Huobi.  Mike Alfred, an investor serving as a board member of BTC miner…

Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi

[Jan 5, 2023 5:16 AM] A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to private stablecoins.

Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale

[Jan 4, 2023 3:45 PM] Judge Martin Glenn found the terms of use for the Earn program “unambiguous,” and besides that, treating account holders as unsecured creditors was more equitable.

What is USD Coin (USDC), fiat-backed stablecoin explained

[Dec 30, 2022 8:56 AM] USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the highly volatile cryptocurrency market.

Vader will shut down stablecoin USDV, cannot find a ‘breakthrough’

[Dec 29, 2022 4:00 PM] The remaining treasury will be distributed to users through a redemption app until June, according to the protocol.

Bank of India report calls for regulatory coordination on crypto market challenges

[Dec 29, 2022 1:45 PM] The RBI’s latest financial stability report accentuated the negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulation.

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

[Dec 28, 2022 9:30 AM] 2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23…

Japan to lift the ban on foreign stablecoins like USDT in 2023: Report

[Dec 26, 2022 5:25 AM] None of the 31 crypto exchanges registered with Japan's Financial Services Agency are currently offering trading in stablecoins like USDT or USDC.

WAVES Gets Dragged Down By USDN, Despite Pumping Investor Distribution

[Dec 23, 2022 8:03 AM] There is enormous negative sentiment surrounding USDN. And with USDN continuously falling off its track, it’s also pulling WAVES down. WAVES is the native token of the Waves blockchain. According to CoinMarketCap, the token is up by 0.23% or…

Stablecoin settlements can surpass all major card networks in 2023: Data

[Dec 22, 2022 4:44 AM] While on-chain stablecoins settlements are growing rapidly, many people pointed out that comparing stablecoin settlements to Visa transactions is not fair as they represent two different things.

US senator Toomey introduces stablecoin bill as congressional session wraps up

[Dec 21, 2022 11:40 PM] The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session.

Waves founder announces new stablecoin as USDN depegs

[Dec 20, 2022 8:17 AM] Days after USDN lost its peg with USD, Waves CEO and founder Sasha Ivanov promised that his new stablecoin will be “undepeggable."

Bank of Canada emphasizes need for stablecoin regulation as legislation is tabled

[Dec 19, 2022 3:56 PM] A note by central bank researchers says regulation is the key to reaping the benefits of fiat-referenced crypto assets after the Canadian parliament fails to consider legislation.

$16K retest the most likely path for Bitcoin, according to 2 derivative metrics

[Dec 19, 2022 3:48 PM] Top traders' long-to-short ratio and stronger demand for stablecoins in Asia indicate higher odds of further price correction.

Central Banks to set standards on banks’ crypto exposure - BIS

[Dec 17, 2022 10:05 AM] The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025.

UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War

[Dec 17, 2022 1:30 AM] The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the…

Argentina’s province to issue US dollar-pegged stablecoin

[Dec 16, 2022 4:10 PM] The bill also authorizes local artists to issue nonfungible tokens (NFT) to promote financial and cultural inclusion.

Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month

[Dec 16, 2022 2:30 PM] While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of…

Stablecoins Flow Into Spot Exchanges, Fuel For Christmas Bitcoin Rally?

[Dec 16, 2022 2:18 PM] On-chain data shows the number of stablecoin transactions going into spot exchanges have risen recently, something that could help fuel a Christmas Bitcoin rally. Stablecoin Deposits To Spot Exchanges Have Shown Increasing Demand Recently As…

Researchers use zero-knowledge to address privacy, AML concerns in stablecoins

[Dec 15, 2022 4:30 PM] Organizations led by German fintech etonec designed a system that takes advantage of zk-SNARK to provide untraceable transactions within regulatory limits.

Jewel Bank, Polygon to launch Bermuda's first USD-backed stablecoin

[Dec 15, 2022 2:45 PM] The JUSD stablecoin will allow real-time settlements for institutional investors in the territory.

Only 1% of people can handle crypto self-custody right now: Binance CEO

[Dec 14, 2022 8:17 PM] Changpeng Zhao’s comments come as billions of dollars of stablecoins continue to flow out of the Binance exchange.

Bitcoin traders cross fingers in hopes that a positive Fed meeting triggers a run to $18K

[Dec 12, 2022 12:21 PM] All eyes are on this week’s Federal Reserve meeting, and BTC traders hope that positive strides against inflation trigger a run to $18,000.

Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital

[Dec 12, 2022 9:30 AM] The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s�

Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting

[Dec 8, 2022 12:01 PM] WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token.

Stablecoin framework is a near-term priority for Aussie regulators

[Dec 8, 2022 3:18 AM] As stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly.

Japan recommends against algorithmic backing in stablecoins

[Dec 7, 2022 4:45 AM] The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins.

The impact of CBDCs on stablecoins with Bitget's Gracy Chen

[Dec 6, 2022 8:01 AM] While CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins.

Bitcoin bears beware! BTC holds $17K as support while the S&P 500 drops 1.5%

[Dec 5, 2022 3:01 PM] BTC whales and market makers are holding their leveraged long positions, even though BTC failed to break above $17,400 on Dec. 5

TRON Unfazed By Decreasing Volumes, Tallies $1 Billion In USDT Inflow

[Dec 3, 2022 10:10 AM] TRON (TRX) remains in a stagnant phase, refusing to make any kind of momentum for an upward run despite a number of positive developments that, in many cases if not all, should have helped trigger a significant price movement. Let’s consider…