Binance has previously undercollateralized its stablecoin, BUSD, on its own blockchain, according to on-chain data revealing that the wallet backing the BUSD bridged from Ethereum’s blockchain onto Bi...
Tag: Stablecoin
USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors
The bear market deepens as negative news and FUD keep popping up. The latest on the list of fear-causing information is Justin Sun’s USDD stablecoin and popular crypto exchange Huobi. Mike Alfred, an...
New COTI Partnership to Enable NFT Payments with Cardano Stablecoin DJED
– Advertisement – The launch of the stablecoin on Cardano’s mainnet is expected to occur this month. COTI, a blockchain payment platform and the official issuer of Cardano’s algorithmic st...
Justin Sun’s USDD Stablecoin Could Collapse, Says Mike Alfred
Investor Mike Alfred recently stated that Justin Sun is Huobi’s shadow owner. Alfred mentioned that Justin has been sending billions of dollars worth of stablecoins around space. Alfred also warned th...
Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi
Hong Kong authorities are looking for new designs for a central bank digital currency (CDBC), now proposing to issue a CBDC in the form of a stablecoin backed by the government. Wu Jiezhuang, a member...
Tether stablecoin still under scrutiny
Tether stablecoin (USDT) in 2022 has seen two failures: the collapse of Terra/ Luna USD in May and the failure of FTX in November. In both cases, Tether stablecoin was affected by the collapse of the ...
More fake news on the Tether stablecoin
A number of news stories are circulating these days regarding the depeg of Tether’s stablecoin from the dollar. These are fundamentally fake news, probably put out there to try to create panic, or to ...
Binance Adds Pegged BUSD Stablecoin to TRON Network: Details
Top crypto exchange Binance has completed the integration of Binance-Peg BUSD on the TRON network. Deposits and withdrawals for Binance-Peg BUSD are now open on the TRON network. 📢@binance has complet...
Vader to shut down USDV: Another Algorithmic Stablecoin fails.
USDV is native stablecoin of Vader. When Terra lost its peg, team Vader halted minting to cope. After many attempts to save, the team failed. The horrible year for cryptocurrency is ending; this year...
Vader Protocol Announces Closure of Algorithmic Stablecoin USDV
Altcoin News The Vader team suspended the app’s minting functionality in May. The burn feature has been temporarily disabled. There will be no further releases of the app that generates the stablecoin...
How Tether Can Be a More Stable Stablecoin
The crypto economy has suffered two major crypto failures this year: the collapse of Luna/TerraUSD in May and the failure of FTX in November. In both instances, the world’s largest stablecoin, T...
Binance-Peg BUSD Stablecoin Now Supports the TRON Network
10 seconds ago | 2 mins read Exchange News The BNB Chain, Avalanche, Polygon, and TRON networks are now all compatible. Users may now send BUSD and Binance-Peg BUSD through the TRON network. The Binan...
Ripple To Develop National Stablecoin For Island Country Palau, XRP Up 6% ⋆ ZyCrypto
Advertisement     Ripple’s XRP gained upwards of 6% in the last week up to December 27, following the announcement that the blockchain was working with Micronesia isla...
DeFi Behind the Djed Stablecoin Announces Hard Fork
Djed, a new overcollateralized stablecoin to be launched next month. Could support the creation of a Private Payment Network (PPN). The deposit fee will be decreased by 50%, and withdrawal fees will ...
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 ...
How Japan’s Lifting of Stablecoin Ban may affect Crypto world?
Join Our Telegram channel to stay up to date on breaking news coverage After the fall of Terra/Luna in May 2022, authorities started to scrutinize stablecoins even more. As a result, many countries ca...
Vader will shut down stablecoin USDV, cannot find a ‘breakthrough’
The app that produces stablecoin Vader Protocol US Dollar (USDV) will be shut down, according to a Dec. 29 announcement from its developers. We are sunsetting Vader Protocol: https://t.co/C3AKHo9URj E...
DeFi Blockchain Behind Cardano’s New Djed Stablecoin Announces Successful Hard Fork and Updated Fees
The decentralized finance (DeFi) protocol behind Cardano’s (ADA) new stablecoin says that it has successfully updated its network. According to a recent blog post by COTI Network, the scalable layer-1...
Paxos releases fresh statement on BUSD stablecoin
Paxos announced on its official Twitter account on Dec.28 that it is the sole issuer of BUSD. The token is controlled by the organization, and it is regulated by the New York State Department of Finan...
The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg – Altcoins Bitcoin News
2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erase...
Ripple and collaboration with Palau
From the latest reports, it appears that Ripple is collaborating with Palau, an island country and a microstate with a population of only 20,000, in an effort to launch a national stablecoin. Indeed, ...
Tether, the stablecoin is back in game in Japan
Stablecoins that do not rely exclusively on a fiat currency have been temporarily banned in Japan, however, the Prime Minister’s vision is about to turn the tables and enable the rest of stablecoins a...
With Japan set to lift its stablecoin ban, crypto enthusiasts can expect this in 2023
The Financial Services Agency is expected to reportedly lift its ban on foreign issued stablecoins in 2023 These stablecoins will be managed by local distributors who will have to ensure consumer prot...
Ripple Developing a ‘National Stablecoin’ and Seeking Smart Contracts: Report
The blockchain based payment settlement protocol, Ripple is likely to witness some crucial updates in near future. Recently it was reported to be working towards supporting a country’s stablecoin proj...
Palau reportedly partners with Ripple to launch national stablecoin
Island country Palau partnered with crypto technology company Ripple to develop a national stablecoin for the country, as reported by Wu Blockchain. The country’s President, Surangel Whipps Jr, virtua...
Palau Collaborates With Ripple to Launch Countries First Stablecoin
11 seconds ago | 2 mins read Altcoin News Palau is a microstate consisting of a group of islands. Whipps Jr. also mentioned Binance CEO CZ’s recent visit to the nation. The popularity of cryptocurrenc...
Republic of Palau is working with Ripple to create a ‘national stablecoin’
Some countries are looking to jump on the crypto bandwagon and are mulling the creation of national stablecoins, despite occasional setbacks, such as the bankruptcies and arrests among some of its pre...
Stablecoin Regulations Could Loosen in Japan for Foreign Tokens
Japan’s Financial Services Agency is expected to remove the restriction on the domestic distribution of stablecoins created abroad in 2023. According to Coinpost, new crypto rules in accordance with ...
Ripple to assist Palau launch national stablecoin on XRP Ledger
Ripple, a payments company, headquartered in San Francisco, is starting a stablecoin initiative for Palau, a country in Micronesia, on the XRP Ledger. While speaking at a crypto conference in Singapor...
Ripple Reported to Be Building National Stablecoin for Republic of Palau
Yuri Molchan Ripple reportedly helping to build national stablecoin for Palau, but is the project still going? An anonymous crypto expert under the name @Wkahneman on Twitter, who often posts various ...
Cardano Set to Launch Stablecoin in January 2023
Cardano price fell by more than 19% in the last one month. Cardano (ADA) Staking Now Supported by Trust Wallet Cardano is a decentralized Proof-of-Stake(PoS) blockchain. As per media reports, Cardano ...