Bitcoin News / Bitcoinist - 2 years ago
In an effort to improve liquidity across various blockchains, Tether, a prominent stablecoin provider, has decided to issue its stablecoin, USDT, on the layer 1 blockchain of Kava.
The objective of this strategic move is to grant the Kava community a...
Cryptocoins News / EthereumWorldNews - 2 years ago
The Monetary Authority of Singapore has published a whitepaper in collaboration with other central banks and financial institutions.& The central bank proposed standards for the use of digital money, including Central Bank Digital Currencies (CB...
by COINS NEWS - 2 years ago
Fed Chair Jerome Powell just gave a speech where he talked about more rate hikes and inflation. Powell also spoke about the broader crypto industry in his speech. He said that the Fed is "closely monitoring" the development of cryptocurren...
Cryptocoins News / The Cointelegraph β - 2 years ago
The Reserve team said the investment could allow for new features such as collateralized loans and wallet products. Stablecoin protocol Reserve is investing $20 millio...
Bitcoin News / Bitcoin.com - 2 years ago
Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of tokens...
Cryptocoins News / The Cointelegraph β - 2 years ago
After a dip of over $1 billion in the past 30 days, BUSD now sits fourth in market capitalization among stablecoins. The United States dollar-pegged Binance USD (BUSD...
Bitcoin News / Bitcoin.com - 2 years ago
Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has officially declined to $4.304 billion. DAI’s market valuation on Friday, June 16, 2023, is approximately $4...
Cryptocoins News / The Cointelegraph β - 2 years ago
The DeFi protocol also offered the $100,000 bounty to anyone who could help bring an arrest or recover the funds. After recently suffering a recent exploit on its plat...
Bitcoin News / Bitcoin.com - 2 years ago
According to statistics, over the span of 30 days, from May 15 to June 15, 2022, more than 2.4 billion stablecoins were redeemed. During this period, three of the leading stablecoins experienced a decline in their supplies ranging from 4% to 19% comp...
Cryptocoins News / CoinJournal - 2 years ago
MakerDAO could soon remove $390M of Gemini’s GUSD stablecoin from its reserves.
The DAO is currently voting to decrease the maximum amount of GUSD held in Maker’s DAI stablecoin reserve to $110M.
MakerDAO’s reserve currently holds...
Cryptocoins News / Blockchain - 2 years ago
In a compelling testimony delivered to the House Financial Services Committee, Jeremy Allaire, CEO and Co-Founder of Circle, underlined the significant role stablecoins, such as the U.S. Dollar Coin (USDC), could play in strengthening the global posi...
Cryptocoins News / The Cointelegraph β - 2 years ago
The U.S. is currently working on stablecoin market regulations, introducing three drafts of the bill by the first week of June. The Hong Kong Monetary Authority (HKMA)...
Cryptocoins News / The Cointelegraph β - 2 years ago
The U.S. is currently working on stablecoin market regulations, introducing three drafts of the bill by the first week of June. The Hong Kong Monetary Authority (HKMA)...
Cryptocoins News / The Cointelegraph β - 2 years ago
The draft bill is set to go before the House committee for discussion on June 13 and, if approved, could become the first example of crypto legislation in the United States....
Bitcoin News / Bitcoinist - 2 years ago
As the digital asset industry continues to evolve, so too do the regulations designed to govern it. In a recent development, the US House Financial Services Committee has unveiled a revised draft of a stablecoin bill, a product of bipartisan collabor...
Bitcoin News / Bitcoinist - 2 years ago
Circle, the company behind the popular USDC stablecoin, just got an official greenlight to operate in Singapore. After receiving an in-principle approval in November last year, Circle’s Singapore branch has obtained a full Major Payment Institu...