Tether (USDT), the biggest stablecoin pegged to the US dollar, is doing exceptionally well in the market despite its instability in mid-2022. Its value has been steadily rising, coming very close to reaching a new record high. According to Coingecko’s latest data, USDT’s market capitalization has increased by over 20% this year and surged by …
Stablecoin Tether’s Market Cap Approaches All-Time High At $83B Read More »
Brazilian financial institution BTG Pactual is expanding its cryptocurrency offerings by introducing its own stablecoin supported by the US dollar. The bank’s custody services will be used to back the BTG Dol, a new stablecoin that will be pegged to the US dollar at a 1:1 ratio. According to a statement released on April 4, …
BTG Pactual, A Brazilian Bank, Plans To Release A Stablecoin Pegged To The U.S. Dollar Read More »
Just recently, Cardano’s new stablecoin called Djed grabbed headlines for all the wrong reasons. The stablecoin, launched with much fanfare, saw its value fall below the $1 mark, thereby losing its peg to the U.S. dollar. This event serves as a crucial reminder of the significance of having a robust regulatory framework in place for …
Debate On Stablecoin Backing Reignited By Cardano Djed Depegging Read More »
Wow, Cardano has been on fire lately! The value of its token, ADA, has gone up by an impressive 52% over the past 30 days. Although the launch of Djed, the first stablecoin on the Cardano blockchain, hasn’t had a big effect on the price yet, many people are hopeful that it will catch on …
The HM treasury of the UK is engaged in installing a safe framework for the usage of stablecoins. The FSM Bill intends to regulate crypto acquisitions. On Friday, the United Kingdom HM treasury declared the Edinburgh reforms to push expansion and competitiveness in the economic sector. The Treasury is an abbreviation for His Majesty’s Treasury …
The transaction fee for USDT to USDC conversions has been dropped. The company is lauding transparency and potency for its coin. Coinbase is America’s largest crypto exchange company and doesn’t like its consumers to use Tether’s stablecoin. The firm is proposing incentives for the stablecoins, USDC. In the blog post on December 8, Coinbase advised …
Coinbase Advises Customers to Sever Tether With Free Transfers to USDC Read More »
Why in News? The proof-of-stake blockchain platform Cardano released an “over-collateralized algorithmic stablecoin” in collaboration with COTI, a Layer 1 protocol that uses DAG. Different assets will secure the stablecoin in the form of cryptocurrency held in reserve, the project stated in a statement supplied to Cointelegraph. According to the press announcement, Djed will launch …
New algorithms for a stablecoin will be released by Cardano in 2023 Read More »
Restrictions in new EU limitations could potentially serve as a booster to stablecoin creations in Europe. Moody’s Global Head of DeFi and Digital Assets Fabian Astic informed The Block in an exclusive interview. European representatives recently voted to standardize Markets in Crypto Assets (MiCA) regulatory policies. Although, over the past weeks’ miscellaneous revisions of Europe’s …
New EU MiCA Regulations Could Unleash Stablecoin Innovation: Moody’s Executives Read More »
