Meanwhile, Binance is not alone in considering a move into traditional finance; Kraken has also stated its intention to open a bank. Read more: Kraken eyes own bank amid regulatory scrutiny The collap...
Tag: FiatBacked
“Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO Says
Binance CEO worries about USDT and USDC following US bank collapse. Emabattked Silicon Valley Bank has $209 billion in total assets. USDC has over $3 billion with the troubled US Silicon Valley Bank...
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market — causing losses in the millions, damaging investor sentiment and intensifying the regula...
How Do You Benefit from Fiat-backed Tokens? – Cryptopolitan
Cryptocurrencies have been gaining popularity over the years, but their inherent volatility has made them difficult to use as a reliable store of value. This is where fiat-backed tokens come in. Fiat-...
What is USD Coin (USDC), fiat-backed stablecoin explained
USDC offers instant payments, saves users from the cryptocurrency market’s price volatility and is audited by a regulated auditing firm, making it a transparent stablecoin. However, it does ...
Eyes turn to Grayscale Bitcoin Trust after FTX collapse; Cardano to launch fiat-backed stablecoin in 2023
The biggest news in the cryptoverse for Nov. 18 includes fears of Grayscale Bitcoin Trust being in trouble, Bahamas’ order for FTX to transfer its digital assets, and SafePal’s 125% spike as a result ...
Cardano (ADA) Commercial Arm Unveils Plan To Launch Fiat-Backed Stablecoin Pegged to US Dollar
The commercial branch of the Cardano (ADA) blockchain is revealing plans to launch a new fiat-backed crypto asset pegged to the US Dollar. In a new announcement, EMURGO says that it is gearing up to l...
Fiat-Backed Stablecoins are the Only Safe Option: Here’s Why
Fiat-Backed stablecoins are a very different animal to CBDCs, says Bowen Zhou, the founder CEO of Moneta Digital. Speaking from my own opinion, I would like to tackle a few commonly chattered topics b...
FTX Enters TradFi, Launches Stock-trading Service For Fiat-backed Stablecoins
FTX, a crypto exchange led and co-founded by American billionaire Sam Bankman-Fried, has announced that its U.S. arm will be launching stock-trading services facilitated by fiat-backed stablecoins. Ac...