34 mins ago | 2 mins read Altcoin News Tether announced to release of the Chinese Yuan (CNH) to the Tron blockchain. Bitfinex will be the first exchange to allow the user to deposit and withdraw CNH....
Tag: Stablecoin
Tether launches yuan-pegged stablecoin on Tron
Tether announced the integration of its Chinese yuan stablecoin (CNHT) to the Tron blockchain. Bitfinex will be the first exchange to support deposits and withdrawals in the new stablecoin. Tether ini...
A huge stablecoin supply is waiting on the sidelines to trigger a bull run
While Bitcoin is usually considered the backbone of the crypto industry, one should never underestimate the role stablecoins play in the market. Stablecoins are essentially the fiat currency of the cr...
Cardano’s Stablecoin Djed Testnet ‘Reactivated’: Details
Vladislav Sopov Djed, hotly anticipated algorithmic stablecoin on Cardano (ADA), now supports Vasil specifications on its test network Contents Cardano’s stablecoin Djed is being stress tested w...
Tether launches stablecoin pegged to Chinese Yuan (CNH₮)
Tether, a leading provider of blockchain-based financial services, has launched an offshore Chinese Yuan-backed stablecoin. The new stablecoin, CNH₮, combines two of the world’s largest economies and ...
Rapid Insights: Curve’s Stablecoin Protocol
December 6, 2022, 9:20AM EST • 4 min read Quick take Curve initially gained popularity as an exchange for similarly priced assets, but has since expanded to other DeFi products. Recently, Curve rele...
Stablecoin Issuer Circle Scraps $9 Billion Deal To Go Public
Stablecoin issuer Circle, a peer-to-peer payments technology company behind the popular USDC stablecoin, was quick to clarify that its decision to abolish its plans of going public has nothing to do w...
Maxine Waters, Patrick McHenry: Stablecoin Issuers Watching Their Next Moves – Most Influential 2022
The two most important members of the U.S. House of Representatives committee that oversees much of the financial system almost pulled off a miracle: Writing a bill to establish the first real federal...
Stablecoin usage remain high despite crypto winter
Reflexity Research cofounder Will Clemente tweeted on Dec. 5 that stablecoins were one of the few crypto use cases that have found product market fit despite the current market condition. Stablecoin a...
DAM Deploys Testnet For Decentralized d20 Omnichain Stablecoin
Web3 banking DAO, DAM Finance (DAM), has successfully rolled out its Moonwalker v1 testnet on Moonbeam’s Moonbase Alpha and Ethereum’s Goerli Testnet. The testnet, now live on both networks, allows us...
Analyzing Ankr’s Liquid-Staking Protocol Infinite Mint Exploit
December 3, 2022, 7:31PM EST • 8 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion The Ankr protocol’s liquid-staking derivative, aBNBc, ...
Cardano News: Why Crypto Community is Fearful After Stablecoin Project Halt?
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TRON Upbeat And Registers $1 Billion In Stablecoin Inflow
TRON (TRX) remains in a stagnant phase, refusing to make any kind of momentum for an upward run despite a number of positive developments that, in many cases if not all, should have helped trigger a s...
TRX Strokes $1B Stablecoin Inflow, Rather It’s Falling Volumes & Salvage
Amid market downturns and falling volumes, it soars in stablecoin inflows. Glimpse on the inside image of TRX. At the time of writing, TRX is at the market price of $0.05428. TRX Plays Good In a m...
DAM Finance Rolls Out Moonwalkers v1 Testnet for Its Omnichain Stablecoin
Vladislav Sopov d20 stablecoin is available for stress testing in large-scale testnet by DAM Finance Contents DAM Finance (DAM) releases its stablecoin in multi-network testnet Moving value toward new...
TRON hits $1B stablecoin inflow amid plunging volumes and potential recovery
TRON’s USDT inflow summed up to $1 billion in the last two weeks The rise in stablecoin inflow left TRX at a neutral spot as its development activity revived Decentralized platform TRON [TRX] register...
SHIB Becomes “Stablecoin” for Whales, Here’s What It Means
Yuri Molchan Whales keep holding more or less stable amount of Shiba Inu, despite recent price fluctuations Major crypto wallet tracker WhaleStats, which has emerged recently, reported that the total ...
New Cardano algorithmic stablecoin evokes old fears for the community
With the new announcement that Cardano is on its way to release an algorithmic stablecoin in 2023, various community members expressed concerns, comparing the project to TerraUSD (UST), which caused g...
DAM Finance releases testnet for its omnichain stablecoin d20
DAM Finance, or DAM, a decentralised token platform behind the algorithmic stablecoin d20, has rolled out its testnet dubbed Moonwalkers v1, with the launch set to give ecosystem users the chance to s...
DAM Finance Launches new Omnichain Stablecoin on Testnet
2 hours ago | 2 mins read Blockchain News Initially, DAM will be launched on Polkadot-based Moonbeam. D20’s teleportation primitive enables the safe and flawless transfer of d20. DAM Finance, also kno...
Australian Blockchain Fintech Startup Ettle Launches Its New AUDE Stablecoin
Ettle Pty Ltd launched its Australian dollar-backed stablecoin AUDE. Previously, Novatti’s stablecoin was in the news. Let’s know which is the country’s first stablecoin. A Remarkable Step Ettle Pty...
Cardano Based Stablecoin Project Ardana Backoff, Hoskinson Addresses the Issue
Cardano founder Charles Hoskinson talked about the recent development in stablecoin project Ardana. The stablecoin project based on Cardano blockchain network was reported to halt its operations. Hosk...
What is DJED Crypto? Here’s a Quick Brief on Cardano Stablecoin
Although the ADA course in 2022 brought little cause for excitement, Cardano fans know that the project can be extremely successful in the long term. That’s why followers are keeping an eye out for th...
MakerDAO votes to increase yield for its DAI stablecoin
MakerDAO — the decentralized autonomous organization managing the DAI stablecoin — is voting to decide whether to increase DAI’s interest rate. Preliminary results from MakerDAO’s voting platform show...
President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality – Blockchain Bitcoin News
Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an ...
MakerDAO is voting on increasing yield for the dai stablecoin
MakerDAO’s governance forum is voting on increasing the dai (DAI) savings rate (DSR), which is the rate of interest the protocol pays to dai stakers. The DAO members are voting on whether ...
Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity – Coinotizia
It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former s...
Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity – Altcoins Bitcoin News
It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former s...
Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months – Altcoins Bitcoin News
During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the ...
Charles Hoskinson Says Failed Cardano Stablecoin Project a Total Loss on Investment, ‘Utterly Distasteful’
Ethereum (ETH) co-founder Charles Hoskinson is addressing the issue concerning Ardana, a Cardano-based stablecoin project that recently halted operations. In a new video update, Hoskinson says that as...
Dai Stablecoin issuer MarkDAO votes to remove Alameda’s renBTC from its reserve – crypto.news
MarkDAO, the DAI stablecoin issuer, passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what it described as a risky asset. The contagion effect of the F...