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Cryptocoins News / EthereumWorldNews - 2 years ago

crvUSD Stablecoin From Curve Finance Launched On Ethereum

Summary: Smart contracts for Curve Finance’s crvUSD stablecoin went live on Ethereum’s mainnet, the team shared via a Twitter update on May 3.“This is not finalized yet because UI also needs to be deployed. Stay tuned!” s...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

$22M of Curve Finance algo stablecoin minted since mainnet launch

Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network. Decentralized finance (DeFi) protocol Curv...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Visa stablecoin plan, debt’s ceiling effect on Bitcoin price: Hodler’s Digest, April 23-29

Circle launches cross-chain transfer protocol, Visa shares plans for stablecoin product, Kraken fights back in court, and more. Top Stories This WeekCircle launches cr...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Visa stablecoin plan, debt ceiling’s effect on Bitcoin price: Hodler’s Digest, April 23-29

Circle launches cross-chain transfer protocol, Visa shares plans for stablecoin product, Kraken fights back in court, and more. Top Stories This WeekCircle launches cr...

Cryptocoins News / Blockchain  - 2 years ago

Terraform Labs Co-Founder Indicted for Terra Stablecoin Collapse

Shin Hyun-seong, co-founder of Terraform Labs, has been indicted along with nine other individuals for the collapse of the Terra stablecoin ecosystem. They are accused of fraud, breach of trust, and embezzlement, with illicit profits of nearly $350 m...

Bitcoin News / Bitcoin.com - 2 years ago

Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the la...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product

Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments. Global payment giant Visa continues to e...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Stablecoins must be programmable to counter CBDCs

Decentralization enables programmability — and that allows stablecoins to wield a key advantage over central bank digital currencies. When it comes to providing stable...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Draft bill suggests separating legislation on payment stablecoins and digital asset markets

The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study....

Cryptocoins News / CoinJournal - 2 years ago

DAI whales have added 6.4% of stablecoin’s supply since mid-March

DAI stablecoin holders are adding to positions as crypto prices range. Addresses with 100k-10 million DAI added 6.4% of supply in the past six weeks.& The overall holdings for this cohort had dropped significantly as Bitcoin and Ethereum prices...

Bitcoin News / Bitcoin.com - 2 years ago

Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract Issues

According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO sta...