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Bitcoin News / Bitcoinist - 3 years ago

Stablecoins And CBDCs Are The Future Of Money, Bank Of America Says

The continuous growth of stablecoins and cryptocurrency worldwide in terms of recognition and usage has caught the attention of the Bank of America. The second largest bank in the country, the bank’s analysts believe that crypto can revolutionize the...

Bitcoin News / Bitcoin.com - 3 years ago

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker not...

Bitcoin News / Bitcoinist - 3 years ago

Stablecoin Backed By Gold To Be Reportedly Launched By Russia And Iran

To better enable international transactions, the governments of Russia and Iran are reportedly considering working together to develop a new stablecoin. Iran is working with the Russian government to create a “token of the Persian Gulf region&#...

Bitcoin News / Bitcoin.com - 3 years ago

Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin

A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need...

Cryptocoins News / Blockchain  - 3 years ago

Iran and Russia Seek A Gold-Backed Stablecoin

Iran and Russia are planning a gold-backed cryptocurrency. In Astrakhan, Russia began accepting Iranian goods, a stablecoin would function. Instead of utilizing dollars, rubles, or rials, the initiative would allow cross-border transactions. (Read Mo...

Cryptocoins News / CoinJournal - 3 years ago

Orange Financial To Launch Innovative Yield Farming Treasury – Stablecoin Rewards for NFT Holders

Orange Financial, a multi-chain yield farming treasury, is excited to announce its public mint date on February 1st, 2023. As the only NFT project to offer stablecoin rewards through yield farming to its holders, Orange Financial will revolutionize t...

Bitcoin News / Bitcoin.com - 3 years ago

Brazilians Turn to Stablecoins as Alternative to US Dollar for Hedge Against Volatility

Brazilians are turning to stablecoins as a way of shielding themselves from the volatility of economic circumstances. This is happening now in the wake of the inauguration of the new government of Luis Inacio “Lula” Da Silva. Ac...

Bitcoin News / Bitcoin.com - 3 years ago

Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023

The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, t...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Binance pushes back against report stablecoin isn’t fully backed

The crypto exchange said there was a “timing mismatch in backing Binance-Peg BUSD with BUSD” that seemingly showed data in which the stablecoin was not fully backed. M...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements

MP Andrew Griffith and colleagues spoke before a hearing of the U.K. parliamentary Treasury Committee about payments technology and CBDC. The United Kingdom remains co...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Cosmos EUR stablecoin project to unwind after 2 years

“The lack of real-world applications for blockchain has led to low demand for non-USD stablecoins,” e-Money wrote. According to a Jan. 9 Medium post, e-Money — a stabl...