November 26, 2022, 1:12AM EST • 7 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and brid...
Tag: Stablecoin
Cardano-based Stablecoin Project Ardana Halts Development Citing Funding Concerns
Cardano-based DeFi project Ardana Labs announces abrupt shutdown citing uncertainty in the project timeline. On Thursday, November 24, the Carano-based decentralized finance (DeFi) project and stablec...
This Stablecoin on Cardano just halted operations, details inside
In an almost shocking move, Ardan revealed that it was halting operations The project seemed to be pointing at Cardano for their failings The development team of Cardano recently hinted towards the la...
MakerDAO Disposes of renBTC as Stablecoin Collateral
MakerDAO – the issuer of the decentralized stablecoin DAI – unanimously passed a proposal this week to remove renBTC as a form of reserve collateral. The Bitcoin-pegged token was deemed too risky to ...
Cardano stablecoin shutters following launch delays
On November 24, Ardana, a renowned decentralized finance (DeFi) and stablecoin ecosystem that was built on Cardano (ADA), abruptly halted development. They justified their choice by saying that there ...
MakerDAO passes vote to close Alameda-linked renBTC as stablecoin collateral
Dai stablecoin issuer MakerDAO passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what’s deemed a risky asset by the DAO. RenBTC is a wrapped bitcoin as...
Leading Cardano stablecoin project shuts down after excruciating launch delays
On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly halted development, citing “funding and project timeline uncertainty.̶...
Cardano to Launch Djed, a New Algorithmic Stablecoin In 2023
Join Our Telegram channel to stay up to date on breaking news coverage Proof-of-stake blockchain platform Cardano is teaming up with COTI which is a DAG-based Layer 1 protocol to create what it calls ...
Curve Launches crvUSD Stablecoin, $50 million Liquidation Follows
Curve Protocol released its native stablecoin crvUSD via exchange liquidity. The news was released at the same time that a trader borrowed the majority of the Curve DAO token (CRV) supply, totaling ov...
Cardano Stablecoin Djed to Supercharge Own Payment System: Sneak Peek
Vladislav Sopov Cardano’s upcoming over-collateralized stablecoin to boost cryptocurrency adoption in retail Contents DjedPay sneak peek published on Twitter Unique overcollateralized stablecoin on Ca...
Model For Maintaining The Peg of Cardano Stablecoin DJED Released
– Advertisement – The model for maintaining the peg of Cardano’s stablecoin Djed has been released, featuring a mint and burn mechanism involving DJED and SHEN. Cardano’s soon-to-be-launch...
Cardano Stablecoin Ecosystem Ardana Halts Development
Ardana, a decentralized ecosystem that had been working on a Cardano stablecoin, has halted development because of funding and project timeline uncertainty. Some in the community have called it a scam...
BNB Chain Solidifies its DeFi Market Share
November 23, 2022, 1:45PM EST • 6 min read Quick Take The BNB Chain ecosystem has gained outsized attention in recent weeks after what started as a public dispute between the founders of Binance and F...
CURVE Token Price Analysis: CRV Stablecoin News Shoots Up The Price
Curve finance recently appeared to have suffered a major short seller attack by the Mango Finance hacker Curve Dao Token price has taken a U turn and has rose 30% in the past 24 hours. Curve finance h...
Cardano (ADA) Stablecoin Unveiling Is Just Around The Corner
You can call it Djed, but the game is stablecoin. According to reports, Cardano’s stablecoin, Djed, will be released on the Cardano mainnet in the first month of 2023. They call this type of stablecoi...
Cardano moves closer to Stablecoin launch, ADA holders could benefit if…
Cardano will launch its algorithmic stablecoin Djed on January 2023 Cardano’s TVL and ADA’s price has been on a decline in recent weeks At the Cardano Summit on 21 November, Cardano announced that it ...
Cardano Sets New Milestone as First Stablecoin Launches
Cardano has set a new milestone as Indigo, a decentralized synthetic asset issuance protocol built on Cardano, has announced the launch of iUSD, a USD-based stablecoin, and other synthetic assets. Bre...
Stablecoin Oversight Could Control Volatility Spillover in Traditional Financial Markets: Report
According to new research conducted by the Hong Kong Monetary Authority (HKMA), the cryptocurrency industry is deeply intertwined with the traditional financial system, particularly stablecoins, pegge...
Onchain Research Shows FTX’s Falling BTC, ETH, Stablecoin Balances ‘Suggest Cracks Had Formed as Far Back as June’ – Bitcoin News
While the analytics firm Nansen published a report that points to the Terra collapse igniting the flames of FTX’s and Alameda Research’s financial problems, onchain data from the intelligence and rese...
Major Bullish Milestone For ADA As First USD-Backed Stablecoin On Cardano Goes Live ⋆ ZyCrypto
Advertisement     The recent FTX blowup and subsequent bear market put a severe dent in crypto markets, but it has not prevented Cardano from reaching a new milestone....
Curve releases whitepaper and official code for its stablecoin
The developers of decentralized exchange Curve Finance have released code and official documents for Curve’s soon-to-be launched decentralized stablecoin called crvUSD. While an official a...
Hong Kong Reveals Assessments On Crypto-Backed Stablecoin
Given the increased rate of digitalization, blockchain technology and the Crypto sector have found more applications in the traditional finance sector. Cryptocurrencies have provided new digital payme...
Hong Kong believes stablecoin volatility can spillover to traditional finance
The fall of crypto giants this year reignited questions about the stability of cryptocurrencies and their impact on fiat ecosystems. Hong Kong Monetary Authority (HKMA) assessed the situation and foun...
Another stablecoin, this time from Cardano
Coti’s CEO, Shahaf Bar-Geffen announced the launch date of Cardano’s new algorithm stablecoin. The news came out in a Summit held on Monday, 21st November. According to official sites, the token will ...
Cardano’s newest Stablecoin Djed gets january launch date
Djed, an algorithmic stablecoin from enterprise protocol COTI, will launch on the Cardano mainnet in January. The announcement was made on the main stage at this year’s Cardano Summit, which is taking...
First Stablecoin on Cardano ‘DJED’ to Launch in Jan 2023
Altcoin News The company has taken several important measures to enhance the off-chain code. Bar-Geffen stressed the significance of Djed’s debut and the work done. Cardano’s first algorithmic stablec...
Djed Stablecoin Launching on Cardano After Summit Announcement
COTI CEO Shahaf Bar-Geffen has appeared on stage at the annual Cardano Summit in Lausanne, where he confirmed that the company’s algorithmic stablecoin will launch in January after the conclusion of a...
Cardano’s Stablecoin Djed to Go Live in January 2023
Vladislav Sopov Shahaf Bar-Geffen of COTI Network (COTI) shares precise date of algorithmic stablecoin Djed release Contents Cardano’s (ADA) stablecoin Djed launches on mainnet in January 40+ pr...
Cardano to launch new algorithmic stablecoin in 2023
Proof-of-stake blockchain platform, Cardano, has partnered with COTI, a DAG-based Layer 1 protocol, to launch what it refers to as an over-collateralized algorithmic stablecoin. The project said in an...
First Stablecoin DJED’s Launch Date Announced
In a piece of vital news related to Cardano, its first algorithmic stablecoin DJED will ultimately be launched on the network’s mainnet in January 2023, according to COTI — the stablecoin’s issuer. Sh...
Cardano’s Algorithmic Stablecoin DJED to Launch in January 2023
Shahaf Bar-Geffen – CEO of COTI, a stablecoin development company – revealed the launch date for Cardano’s new algorithmic stablecoin at Cardano Summit on Monday. After a successful audit, the over-c...
Cardano Stablecoin Djed Launch Date Announced
– Advertisement – Cardano’s stablecoin Djed will be launched on the network’s mainnet in January 2023. COTI, blockchain payments network and issuer of Cardano’s algorithmic stablecoin Djed...