New week, a new element of the crypto ecosystem is under attack. This time, the United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD (BUSD) — a dollar...
Tag: DollarPegged
Paxos to Stop Issuing Dollar-Pegged Token BUSD
The New York Department of Financial Services has dealt a blow to the cryptocurrency sector by directing Paxos Trust Co. to halt the issuance of one of the largest dollar-pegged cryptocurrencies. The ...
Argentina’s city passes bill establishing a dollar-pegged stablecoin
Policymakers in San Luis have passed a new law called the Financial Innovation for Investment, and Social Economic Development set to enable stablecoin technology. The goal is to introduce a new coin,...
Argentina’s province to issue US dollar-pegged stablecoin
The province of San Luis in Argentina approved a legislation allowing the issuance of its own stablecoin pegged to the United States dollar. The token, dubbed the “Activo Digital San Luis de Aho...
Argentina’s San Luis Set to Create Dollar-Pegged Stablecoin
The Argentinian province of San Luis has passed a bill allowing it to issue a dollar-pegged stablecoin. The new law will also give local artists the chance to have their work minted as NFTs. The bill,...
Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs – Coinotizia
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (n...
Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs – Regulation Bitcoin News
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (n...
$3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10% – Altcoins Bitcoin News
Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, ...
New York DFS Rolls Out New Regulations for Dollar-Pegged Stablecoins
The New York Department of Financial Services (DFS) has released a new set of guidelines for regulated cryptocurrency firms with BitLicense, which issue U.S. dollar-backed stablecoins. Stablecoin Regu...
Deus Finance’s dollar-pegged stablecoin DEI falls below 60 cents
As the market continues to mourn over losses on the Terra (LUNA) UST and LUNA debacle, DEI, a stablecoin used as a collateral mechanism for third-party instruments built on the Fantom (FTM)-based dece...
Controversial Dollar-Pegged Stablecoin UST Crashes 60% to 35 Cents
Dollar stablecoin UST plunged substantially on Wednesday to below 40 cents, as its sister token Luna also sank 80% to $5. UST, a stablecoin pegged to the value of the dollar, plummeted more than 60% t...
Terra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin – Altcoins Bitcoin News
The algorithmic stablecoin stemming from the Terra (LUNA) network has become the third-largest stablecoin token in terms of market capitalization at $17.54 billion. As of today, UST’s market capitaliz...