On-chain data shows the stablecoin exchange inflow mean has reached a new all-time high, here’s why this might prove to be bullish for Bitcoin. Stablecoin Exchange Inflow Mean Has Surged Up To A New A...
Tag: Stablecoin
XRPL Integrates Largest Euro-Backed Stablecoin in Crypto Space
STASIS, the issuer of the largest stablecoin backed by the euro, has completed XRP Ledger integration for its flagship EURS stablecoin. XRP Ledger will reopen the box of stablecoin use cases. 📲STASIS ...
NEAR abandons its native stablecoin to avoid a Terra-style scenario
Like a spark, USN shined for a short time, then faded. Issued by Decentral Bank (DCB) in April 2022, it became the first native stablecoin in the NEAR ecosystem – one of the largest crypto commu...
NEAR abandons its native stablecoin to avoid a Terra-style scenario
Like a spark, USN shined for a short time, then faded. Issued by Decentral Bank (DCB) in April 2022, it became the first native stablecoin in the NEAR ecosystem – one of the largest crypto commu...
Singapore permits stablecoin issuer circle in-principle license to propose payment products
The Monetary Authority of Singapore has approved Circle’s license. The license was about in-principle acceptance for massive payment institutions. The MAS approved the license on November 2, 2022. Sta...
Aave’s Stani Kulechov: What Sets Our GHO Stablecoin Apart
Aave co-founder Stani Kulechov feels more optimistic than ever that the $5 billion DeFi lending protocol’s upcoming stablecoin GHO (pronounced “go” as in ghost, the project’s m...
A soft-pegged stablecoin to be built on Terra, after the UST decline
About five months ago, the stablecoin terrausd (UST) depegged from its $1 uniformity which caused darkness to the crypto community. On November 2, USTC is selling for $0.03 per unit, and the destroyed...
A Stablecoin Innovator and MakerDAO Co-Founder Found Dead in Puerto
Former MakerDAO Co-Founder, Nikolai Mushegian, died at the age of 29 in Puerto Rico. He reportedly died due to drowning after being dragged by sea currents close to the Condado Beach. According to the...
Stablecoin issuers Circle and Paxos gain approvals in Singapore
Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state’s central bank. Circle received in-princip...
Ripple XRP Ledger integrates NFTs, Euro Stasis stablecoin
Ripple XRP Ledger (XRPL) will now support non-fungible tokens (NFTs) after the community passed the XLS-20 proposal on Oct. 31. With the new development, developers can create unique digital assets on...
STASIS Integrates Biggest Euro Stablecoin On XRPL
The largest euro-backed stablecoin in the crypto ecosystem is now available on Ripple’s XRP Ledger (XRPL). According to the STASIS team, the integration on the XRPL, which began in February, was compl...
Ripple Helps Bring New Euro-Pegged Stablecoin to XRP Ledger
The team behind the largest euro-backed stablecoin is announcing integration with Ripple Lab’s XRP Ledger (XRPL). In a new blog post, Stasis, the company behind STASIS EURO (EURS), says they have comp...
Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegged Stablecoin’ Built on Terra – Bitcoin News
Following the Terra stablecoin collapse last May, the Terra blockchain ecosystem has another stablecoin concept in the works called “Solid.” The stablecoin Solid and its white paper were revealed by a...
HUSD Stablecoin Drops 56% From Dollar Peg Following Huobi Delisting
Fresh data according to CoinMarketCap shows that HUSD stablecoin has fallen massively from its $1 peg, dropping to a low of $0.32 following delisting from crypto exchange Huobi on Friday last week. At...
Another stablecoin is struggling to maintain parity with U.S Dollar HUSD continues to trade below $1
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HUSD ‘Stablecoin’ Plunges to $0.3 Following Huobi Delisting
Huobi’s native stablecoin – HUSD – lost its parity with the American dollar and tumbled by nearly 70% after the exchange delisted the asset last week. At one point, its valuation dropped to $0.28, the...
Huobi Stablecoin Tanks as Justin Sun Readies TRON Replacement
Justin Sun, who now plays a key role at Huobi, plans to replace HUSD with his own USDD HUSD’s recent plunge likely marks the end for the crypto exchange’s native stablecoin The swansong for Huobi Glob...
FTX CEO Sam Bankman-Fried in Favor of ‘Really Thorough’ Stablecoin Regulation – Here’s Why
The chief executive of crypto derivatives exchange platform FTX says that he’s in favor of comprehensive stablecoin regulations. In a new interview on the Bankless podcast, FTX CEO Sam Bankman-Fried s...
Stablecoin HUSD Continues to Trade Below $1 Parity as Token Taps an All-Time Low at $0.72 – Bitcoin News
After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value slidin...
Celsius Debtors Request Court To Block Stablecoin Sales – crypto.news
The committee of unsecured creditors for Celsius is suing the troubled crypto lender once more, this time over its intentions to sell off its stablecoins. According to creditors, the lender hasn’t pro...
A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache – Bitcoin News
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The...
Crypto Exchange FTX Plans To Develop a Stablecoin, Says CEO Sam Bankman-Fried: Report
The Bahamas-based crypto exchange FTX could soon develop its own stablecoin, according to the firm’s chief executive, Sam Bankman-Fried. In a new interview with European Web3 media company The Big Wha...
Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89 – Altcoins Bitcoin News
On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022. Furthermo...
FTX Working on Stablecoin Launch: What Does it Mean?
FTX’s CEO publicly confirmed his intentions to launch a cryptocurrency stablecoin. Cryptocurrency exchange FTX has been making constant investments into the cryptocurrency business since it started it...
Huobi Delists Its HUSD, Will Convert Stablecoin to USDT – crypto.news
Huobi Global will delist the virtual asset HUSD and is planning to convert the assets to USDT. HUSD in Another Headline The native stablecoin of Houbi Global, HUSD, will be delisted and will convert a...
Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model
Called Frax Ether, the liquid staking system, went live on Oct. 13 in a soft community launch with an official announcement expected soon. The system has three components – frax ether (frxETH), staked...
Vitalik deems crypto better than gold; SBF hints at creating FTX-backed stablecoin
The biggest news in the cryptoverse for Oct. 27 includes Vitalik Buterin affirming that crypto is better than gold, FTX planning to create its stablecoin, Bitcoin mining firm Core Scientific on the v...
Huobi Announces Global Delisting of Native Stablecoin HUSD
Seychelles-based crypto exchange Huobi will no longer support trades for its native stablecoin, HUSD. Users with funds stored in that token will have their assets auto-converted into USDT – the world’...
Binance Pay Adds Support for Cardano Stablecoin Issuer COTI
– Advertisement – Binance Pay users can now send, receive, and make payments using COTI. Binance Pay, a cryptocurrency payment solution designed by Binance, has added support for COTI. Th...
FTX CEO Sam Bankman-Fried Confirms “Stablecoin” Plans
Crypto exchange FTX is creating its own stablecoin, CEO Sam Bankman-Fried confirms in an interview with The Big Whale. SBF also revealed his plans during the bear market, acquisition strategy, upcomin...
A USDC, BUSD rival? FTX is set to launch a stablecoin soon
FTX boss Sam Bankman Fried has shared the company’s vision of developing a stablecoin. The FTX CEO was on an interview with The Big Whale, where he gave an insight into the company’s vision for design...