FTX founder Sam Bankman-Fried hinted that the exchange could create its stablecoin in the “not too distant future” in an Oct. 27 interview with The Big Whale. 🔴 SCOOP@SBF_FTX told @TheBigWhale_ that @...
Tag: Stablecoin
FTX Looking to Launch its Own Stablecoin – Sam Bankman-Fried
Cryptocurrency trading behemoth, FTX Derivative Exchange may soon launch its own stablecoin as confirmed by its founder and CEO, Sam Bankman-Fried. Speaking in an interview with Web3 news media, The B...
Sam Bankman-Fried Says FTX Plans to Issue Stablecoin
Exchange News FTX exchange plans to create stablecoin. FTX Token traded at $24.55 with a price surge of over 8% in the previous week. FTX one of the prominent cryptocurrency exchange CEO Sam Bankman-F...
FTX May Launch Own Stablecoin ‘In The Not Too Distant Future,’ CEO Says
FTX is “trying to find the perfect partners” for a stablecoin project, Bankman-Fried says The exchange recently entered a deal to buy crypto lending business BlockFi for up to $240 million FTX CEO Sam...
FTX Very Likely to Launch a Stablecoin, SBF Confirms
The CEO of the popular exchange asserted in a recent interview that the firm is working on launching its own stablecoin. He also confirmed previous reports that FTX is looking to raise more funds and ...
Celsius Creditors Fight to Stop $23M Stablecoin Sale
Celsius filed a motion to sell stablecoins in its treasury last month but a court is yet to approve it State regulators in multiple states have already filed objections over the potential sale Celsius...
NEAR Protocol Scraps USN Stablecoin
A $40 million collateral gap has forced the shutdown of the USN stablecoin, which was launched in April 2022 by the NEAR Protocol. Tokens Destroyed, TVL Drop The USN stablecoin was issued by the Dece...
Stablecoin regulation could spell the beginning of the end for DeFi
Ever since the concept of decentralized finance (DeFi) came to the forefront of the crypto space back in 2020, critics (including me) have noted that much of this sector is decentralized in name only....
NEAR Foundation Launches “Depeg” Protection for Algorithmic Stablecoin USN
The NEAR Foundation has set aside $40 million for a USN Protection Programme grant. This funding is intended to shield users from a recent issue relating to the USN stablecoin. This is to guarantee th...
Binance USD (BUSD) To Spark The Second Great Stablecoin War With USDT — FTX CEO ⋆ ZyCrypto
Advertisement     After statistics show the coin’s increasing market capitalisation, Sam Bankman-Fried has tipped BUSD to ignite a new stablecoin war with USDT. BUSD ...
Why The NEAR Foundation Will End Stablecoin USN
The NEAR Foundation will terminate its algorithmic stablecoin USN in the coming months. The organization launched a program to support the digital asset’s wind-down. Algorithmic stablecoins attracted...
Binance USD Supply Increases Amid Heated Stablecoin Wars
The aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge your funds against the impact of macroeconomic facto...
Near Foundation launches a $40M fund to cushion USN stablecoin investors
Join Our Telegram channel to stay up to date on breaking news coverage After the USN stablecoin was undercollateralized, the Near Foundation proposed winding down the in-house stablecoin to ensure tha...
NEAR’s TVL down bad after axing Terra-like USN stablecoin
Popular decentralized app platform NEAR is winding down its native USN stablecoin, citing a number of problems since its shift to a non-algorithmic, Tether-backed version. USN launched in April as a v...
NEAR Nixes Algorithmic Stablecoin USN
USN became “susceptible to undercollateralization during extreme market conditions,” NEAR said The situation will make it hard for projects to maintain long-term interest in their algorithmic stableco...
NEAR Protocol Announces Shut Down of USN Stablecoin
11 seconds ago | 2 mins read Altcoin News USN had been inadequately collateralized as per the NEAR Foundation. NEAR Protocol’s USN was an algorithmic stablecoin at launch but later switched. After exh...
NEAR Protocol to Wind Down Stablecoin USN, Allocating Funds for User Protection
The NEAR Foundation, an organization, supporting the NEAR blockchain, announced on Monday that it is winding down its stablecoin, popularly known as USN. The foundation said it is shutting down the st...
Near Foundation Urges Winding Down of USN Stablecoin, Sets Aside $40M
According to the statement, DCB recently contacted the Near Foundation to advise it that USN had become undercollateralized, a condition that is “inherent” with algorithmic stablecoins, es...
FTX CEO Sam Bankman-Fried Makes Prediction for ‘Stablecoin War’ As Binance USD (BUSD) Market Cap Soars
FTX CEO Sam Bankman-Fried has a prediction for the crypto markets as he says a “stablecoin war” is starting to unfold. The billionaire says crypto exchange Binance’s recent conversion of Circle’s USD ...
Binance USD (BUSD) Supply Surges as Stablecoin Wars Heat Up
Binance has been selling its USDC reserves and converting them into its own stablecoin, BUSD. On Oct. 23, The Block’s Frank Chaparro noticed the supply shift as the amount of BUSD topped $20 billion f...
A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’
FTX CEO Sam Bankman-Fried (SBF) said the rise of Binance stablecoin BUSD could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months. Bankman-Fried̵...
USDT stablecoin to be rolled out in 24,000 ATMs across Brazil
Join Our Telegram channel to stay up to date on breaking news coverage Tether has revealed its plans to have the USDT stablecoin available in more than 24,000 ATMs across Brazil. USDT is the largest s...
FDIC Chairman Says Regulators Should Oversight Over Stablecoin Issuers – crypto.news
Stablecoins, according to the FDIC chairman, might transform banking, but they must first be subject to prudential control and regulation. In line with this, stablecoins, in particular, are being exam...
Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin
The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Se...
Stablecoin Issuers Should Be Subject to Regulatory Oversight, Says FDIC Chairman
The FDIC is taking a closer look at crypto, specifically stablecoins, according to its acting chairman. The Federal Deposit Insurance Corporation (FDIC), alongside other Federal banking agencies, is e...
Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months – Altcoins Bitcoin News
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth comes a...
Silvergate Shares Plummet 20% Amid Bearish Q3 Performance, Stablecoin Delays
Silvergate Capital Corp (NYSE: SI) shares have plummeted 19.5% over the past five days after the crypto-focused bank reported a rather bleak Q3 performance. As of this writing, Silvergate shares are t...
Coinbase Looking Outside the US To Grow USDC Stablecoin
Coinbase has announced commission-free trading for those who buy USDC with non-USD fiat currency in a bid to increase its use outside the United States. San Francisco-based exchange Coinbase is buildi...
Aave Revealed Technical Details of its Stablecoin GHO
The proposal of GHO Stablecoin was approved in the second quarter of 2022. Aave Companies is a centralised entity that works as a Watchdog on leading lending Defi protocol. It has released a technic...
US Congressman Confirms No Stablecoin Regulations Anytime Soon
It appears that U.S. lawmakers have bigger fish to fry as stablecoin and crypto regulations remain on the back burner. During a financial conference on Oct. 18, representative Jim Himes said that the ...
Silvergate Shares Crash More Than 20% on Earnings Miss, Stablecoin Launch Delay
Silvergate will not be launching its stablecoin by the end of the year, the company said during Tuesday’s earnings call The publicly traded company reported quarterly earnings of $1.28 per share for t...
The latest SNX hype may have a stablecoin connection waiting to be explored
Synthetix [SNX] managed to pull off a solid uptick by more than 10% as of 17 October. This performance meant that it had outperformed many of the top cryptocurrencies during the same period. But can ...