29 / 29 Relevant items tagged with #stablecoin

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How stable are stablecoins in the FTX crypto market contagion?

[Nov 29, 2022 8:23 AM] The collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins?

MakerDAO community votes against CoinShares’ $500M investment proposal

[Nov 28, 2022 2:00 PM] Over 70% of the community’s votes were against CoinShares’ proposal to invest MakerDAO’s funds into various traditional assets.

Tokenized government bonds free up liquidity in traditional financial systems

[Nov 28, 2022 9:33 AM] There are a number of benefits associated with tokenized government bonds, yet adoption may take time.

Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months

[Nov 28, 2022 9:00 AM] During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its…

Tether vs. USD Coin on-chain data reveals two very different stablecoins

[Nov 23, 2022 9:28 AM] The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.

Cardano Stablecoin Unveiling Is Just Around The Corner – Will This Boost ADA Price?

[Nov 23, 2022 5:47 AM] You can call it Djed, but the game is stablecoin. According to reports, Cardano’s stablecoin, Djed, will be released on the Cardano mainnet in the first month of 2023. They call this type of stablecoin “algorithmic,” which means…

Crypto and fiat savers are making a fatal error — and DeFi can come to the rescue

[Nov 22, 2022 9:00 AM] Across crypto and fiat, many consumers are making a fatal error: they're letting their assets sit idle in accounts without earning interest.

Hong Kong believes stablecoin volatility can spillover to traditional finance

[Nov 22, 2022 2:20 AM] According to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks.

Cardano to launch new algorithmic stablecoin in 2023

[Nov 21, 2022 3:59 PM] 'Djed' is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests

Binance, OKX and Bybit suspend USDT and USDC deposits on Solana

[Nov 17, 2022 8:08 AM] The SOL cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits of Solana-based stablecoins.

Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees

[Nov 17, 2022 5:00 AM] Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to the startup’s CEO, laying off…

Tether says it has no exposure to Genesis Global or Gemini Earn

[Nov 16, 2022 3:45 PM] The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.

Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds

[Nov 16, 2022 12:30 PM] The audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds.

Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves

[Nov 15, 2022 1:30 AM] Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi has said disclosing the assets held in reserves helps to…

Tether CTO confirms no plans to rescue FTX

[Nov 10, 2022 11:08 PM] FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help.

82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation

[Nov 10, 2022 2:30 PM] The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion.

Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound

[Nov 10, 2022 7:09 AM] Tether follows TRON's USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research.

Tron's stablecoin USDD loses dollar peg on suspected selloff by Alameda Research

[Nov 10, 2022 5:11 AM] Wallets associated with Sam Bankman-Fried's Alameda Research could be behind the dollar de-peg, alleges Tron's founder.