Iran and Russia are exploring the possibilities for a gold-backed stablecoin. Will it establish a new economic order? Governments worldwide replaced the gold standard with fiat money in the 20th centu...
Tag: Stablecoin
Iran and Russia want to issue new stablecoin backed by gold
The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold. According to the Russian news agency Vedomosti, Iran is working wit...
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin – Economics Bitcoin News
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 colla...
Russia and Iran explore launch of joint stablecoin backed by gold
In light of the advancements in digital assets and the pressures exerted on states, Russia and Iran are now exploring the development of a joint stablecoin that would be backed by gold. The executive ...
Cardano-Based Stablecoin Djed on Track to Be Launched This Month
Yuri Molchan Djed developers send reminder about upcoming launch of algorithmic stablecoin The official handle of Cardano-powered stablecoin has announced that Djed will be launched later in January. ...
Cardano-powered Stablecoin ‘Djed’ To Be Launched This Month
2 hours ago | 2 mins read Altcoin News The Djed team formed a new alliance with DLT development firm Yepple last week. The latter enables the acceptance of any NFT by giving users access to payment ga...
Avalanche [AVAX] confirms plans to host a new stablecoin called USP
Avalanche to add the USP stablecoin into its list of offerings. The battle between AVAX bulls and bears intensifies as sell pressure threatens to erase recent gains. The crypto market just concluded a...
Stablecoin collapse could impact U.S. bond market, economist warns
Economist Eswar Prasad warned that a bank run on Stablecoins could fallout into the U.S. bond markets if issuers sell U.S. Treasurys to honor redemptions. Prasad warned that if a bank run should occur...
If a stablecoin collapses, the US bond market and the economy will suffer
In 2022, the crypto industry saw nearly $1.4 trillion lost in collapses. Stablecoin shares a $145 billion market cap. A collapse would affect the non-crypto market due to its pegging system. Every fi...
Stablecoin reserves in centralized exchanges continue to fall after FTX collapse
Gradually, alongside the cryptocurrency industry, stablecoins are growing in strength and popularity. Their growth results from the stability they offer against cryptocurrency volatility. At the momen...
Can AAVE gather desired momentum in Q1 as stablecoin launch approaches
Whales increased their dominance by gaining an additional 12% of the total AAVE supply. Short-term holders were selling for recently acquired profits despite the forthcoming stablecoin launch. Decentr...
Investment firm Société Générale mints $7 million in stablecoin loan from MakerDAO
Société Générale, a French multinational investment bank and financial services company, minted $7 million as a loan of dai stablecoin from its issuer MakerDAO. Société Générale was approved to ...
Orange Financial to Launch Innovative Yield Farming Treasury, Stablecoin Rewards for NFT Holders
[PRESS RELEASE – Geneva, Switzerland, 12th January 2023] Orange Financial, a multi-chain yield farming treasury, is excited to announce its public mint date on February 1st, 2023. As the only NFT proj...
DOJ Investigating Solana’s Stablecoin Dex Saber Labs
Amidst many growing concerns regarding projects over Solana network, a new issue reported related to the same. People with familiarity with the matter stated the United States Department of Justice (D...
Orange Financial To Launch Innovative Yield Farming Treasury – Stablecoin Rewards for NFT Holders
– Advertisement – Geneva, Switzerland, 12th January, 2023, Chainwire Orange Financial, a multi-chain yield farming treasury, is excited to announce its public mint date on February 1st, ...
Binance’s Stablecoin Hasn’t Alway Been Fully Backed, Report Says
Alex Dovbnya Binance has struggled to make sure that its stablecoin remains fully backed on several occasions, according to a new Bloomberg report According to a recent Bloomberg report, Binance, the ...
Orange Financial To Launch Innovative Yield Farming Treasury – Stablecoin Rewards for NFT Holders
Geneva, Switzerland, 12th January, 2023, Chainwire 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...
A Binance Stablecoin Wasn’t Always Fully Backed: Bloomberg
The resiliency of stablecoins and whether they’re backed by a reliable pile of money is a contentious one in the cryptocurrency industry. Stablecoins are meant to closely track the value of some...
Justin Sun’s Woes Continue as USDD Depeg Sparks Huobi Concerns
As stablecoin USDD continues to trade below its peg, Justin Sun’s Huobi Global is suffering the consequences. The crypto exchange has lost 18% of its market share volume since 2020 and faces an ...
United Kingdom Treasury to Consider Launching GBP Stablecoin
Alongside its interest in increasing crypto adoption in its region, the United Kingdom is now planning to launch its own stablecoin – a digital pound, according to Andrew Griffith, an economic secreta...
Binance pushes back against report BUSD-peg stablecoin isn’t fully backed
Major crypto exchange Binance initially pushed back against a Bloomberg report that its Binance-Peg BUSD stablecoin “doesn’t always appear to have been completely backed by BUSD”. In a Jan. 10 blog p...
UK MP says stablecoin is a gateway to CBDC, only crypto can ‘disrupt’ settlements
The United Kingdom remains committed to becoming a world crypto industry hub in spite of the recent negative events that have occurred on the market. It is “the sector I have dedicated the most time t...
USDT Stablecoin Will Be Delisted From Crypto.com in Canada
4 hours ago | 2 mins read Exchange News Crypto.com will remove the Tether USDT stablecoin from its listing. Tether doesn’t consider Canada to be their core market. Crypto.com is restricting the Tether...
Crypto.com Complies With OSC, Delists USDT Stablecoin For Users
Crypto.com has announced that it will no longer facilitate transactions that feature USDT as it looks to comply with the latest regulations issued by the Ontario Securities Commission (OSC). The move...
e-Money stops issuing EEUR stablecoin
e-Money, an electronic payment system built on the Cosmos network, has stopped the issuance of its euro-backed stablecoin EEUR, saying that the prolonged bear market was the reason for the decision. N...
Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023 – Bitcoin News
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 sli...
Stablecoin Issuer Tether Refused Help to FTX During Crisis
It’s been almost two months since crypto exchange FTX filed for Chapter 11 bankruptcy, but the dark details of what happened during the crisis continue to pop up even today. As per the latest Forbes r...
Cosmos-based e-Money discontinues euro-backed stablecoin
Cosmos-based electronic payment system e-Money has stopped issuing its euro-backed stablecoin EEUR citing bear market conditions. e-Money stated that it will honor EEUR stablecoin redemptions un...
Why Justin Sun’s Stablecoin USDD Is Struggling To Maintain Its Dollar Peg
A stablecoin is a cryptocurrency that is pegged to a certain fiat currency. It provides stability for investors of crypto, making transactions easier. USDD, a stablecoin created by the founder of the ...
Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin – Exchanges Bitcoin News
Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all crypt...
Cardano’s Djed Stablecoin Scores New Partnership Ahead of Launch
The COTI network has announced a new Djed partnership, this time with Yepple, a blockchain development startup that offers NFT payment gateways that accept any fungible native token as payment. We are...
COTI CEO differentiates Djed as overcollateralized stablecoin
Shahaf Bar-Geffen, the CEO of COTI, said Djed is an overcollateralized stablecoin and not an algorithmic stablecoin. During COTI’s first update of 2023, Bar-Geffen took the opportunity to make clear t...