MakerDAO, the decentralized autonomous organization (DAO) behind the stablecoin DAI is kicking off its $500 million investment strategy to allocate funds for traditional assets. The issuer of the four...
Tag: Stablecoin
MakerDAO passes proposal to increase yield as stablecoin ban looms
MakerDAO has passed a governance decision that will create new vaults where its native token DAI will be invested into treasuries and corporate bonds to earn yield. As interest rates rise, increasing ...
Stablecoin Issuer MakerDAO Invests $500m into U.S Treasuries & Corporate Bonds
MakerDAO, a decentralized autonomous organization (DAO) tasked with the governance and issuance of stablecoin DAI, on Thursday allocated $500 million for investment in U.S. short treasuries and corpor...
Cardano’s Djed Stablecoin to See Greater Use in Africa Due to This Partnership
Another partnership for Djed, the algorithmic stablecoin from Cardano, has been announced by the COTI network. This time, a RealFi initiative called Empowa, which is based on the Cardano blockchain, i...
Halal Gold Stablecoins Offer Gram-By-Gram Hedge Against Finance Maelstrom
Sharia-compliant stablecoins meld technology, precious metals and ethics. getty It may sound like risk-off overkill, but if you wanted to take a belt-and-suspenders approach to protecting some of your...
Empowa to Use Cardano Stablecoin Djed As A Payment Option for Real Estate Development
– Advertisement – COTI announces another partnership to drive Cardano stablecoin adoption. COTI, a DAG-based Layer 1 protocol specifically designed for enterprises, has announced another n...
Stablecoin USDC Issuer Circle Launches Verit-based Institutional Digital Identity System
On October 1, Circle, the US dollar stablecoin USDC issuer, announced the launch of an institutional digital identity system based on Verit, an open source framework for the issuance, custody, and ver...
Cardano’s Djed Stablecoin Closer Than Ever to Deployment, Here’s One Thing Left
Tomiwabold Olajide Coti Network has shared what might be next for much-awaited stablecoin deployment Cardano’s algorithmic stablecoin, Djed, developed in collaboration with Coti Network, is now ...
Terra Classic (LUNC) Core Developer Proposes To Remove And Secure Stablecoin Market Swap
– Advertisement – Edward Kim proposes the first step to Terra’s stablecoin market recovery. In a tweet today, reXx of the Terra Rebels announced that LUNC core developer Edward Kim had p...
Cardano’s Djed Stablecoin is Just one Final Audit Away
The Vasil hard fork upgrade has caused Cardano’s growth to constantly improve. However, the value of Cardano has reversed. It failed to demonstrate a favorable trend in the price of ADA, which is curr...
Celsius: Multiple state regulators move to stop stablecoin sale, details inside
Court filings made by the states of Texas and Vermont have become the latest developments in the Celsius bankruptcy saga. State regulators from both states have filed separate motions, objecting to t...
Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
Celsius filed for bankruptcy in July, and the case is now moving through the U.S. Bankruptcy Court for the Southern District of New York. The latest filing from the Texas State Securities Board and th...
Celsius stablecoin sale plan faces objections from securities regulators
State securities regulators in Texas and Vermont are objecting to crypto lender Celsius’s plan to sell its stablecoin holdings. The Texas State Securities Board, the Texas Department of Banking ...
Gemini wants to boost GUSD stablecoin volume in MakerDAO
Gemini has submitted a proposal on the MakerDAO forum to boost the adoption of the Gemini dollar (GUSD) stablecoin in the latter’s ecosystem by paying a fixed yield on the GUSD balance in MakerDAO’s v...
Stablecoin Markets Shift as Binance Begins USDC Conversions
Binance conversions of Circle’s USDC, Paxos’s Pax Dollar, and TrueUSD to the exchange’s own stablecoin, Binance USD, have begun. And the effects on the stablecoin market are already being ...
Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin
Cosmos’s fledgling decentralized finance (DeFi) ecosystem previously relied on the promise of Do Kwon’s digital dollar, and the algorithm that supposedly backed it, to build up its on-chain lending, b...
Reintroduction Of Non-Euro Stablecoin Transactions In The European Union
The lawmakers and officials have agreed on new regulation policies on digital assets, which could have an impact on the users of cryptocurrency firms. Transaction caps for non-euro stablecoins will be...
Despite Declining Marketshare, USDT Still Remains Top Stablecoin
While USDT has observed a decline in its marketshare during the year 2022 so far, the stablecoin still retains its place at the top. USDT Is Still Number One In Stablecoin Market, USDC Remains 2nd Acc...
USDC Stablecoin Will be Minted on Cosmos in 2023
Issuer of second biggest stablecoin across crypto market USD Coin (USDC), Circle announced launch of USDC stablecoin on Cosmos blockchain. The plan was disclosed on Wednesday, 28th September, 2022, du...
Stablecoins can now be issued on the Bitcoin network
Wednesday saw important news regarding the Lightning Network, the second-layer network that should make Bitcoin effectively scalable, a new version of Taro, a new software that will allow Bitcoin deve...
Robinhood and Circle Partner to Let Exchange and Wallet Users Utilize the Stablecoin USDC – Bitcoin News
After Robinhood Markets launched the company’s beta Web3 wallet on Tuesday and listed the stablecoin usd coin on the exchange platform Robinhood Crypto last week, the company announced a strategic par...
Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days – Altcoins Bitcoin News
Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most...
Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days – Coinotizia
Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most...
Argentina Fighter Guido Cannetti Accepts Salary in Stablecoin
Argentina athlete Guido Cannetti of the world’s leading mixed martial arts competition Ultimate Fighting Championship (UFC) announced that he would would be paid in full in stablecoin USDC. He b...
DeFi Protocol Phuture Launches Earn Product for Stablecoin USDC
Phuture and Notional are offering blood-red crypto markets a shoot of green. Phuture, a passive income-generating DeFi protocol, has launched its new yield-farming product dubbed “USV” (USDC Savings V...
Acala Network to resume operations after burning 2.7B in aUSD stablecoin
After the mining failure involving its stablecoin, aUSD, the Acala Network announced on Monday that it had resumed its operations following a referendum allowing liquidity pools (LPs) to withdraw liqu...
Stablecoin Reserves Must Be “Publicly Transparent”: Jerome Powell
Key Takeaways Federal Reserve Chair Jerome Powell has weighed in on stablecoin regulation. Speaking at the Opportunities and Challenges of the Tokenisation of Finance conference, Powell called for new...
Stablecoin Flows to Crypto Exchanges Bode Well for Market Recovery: Bank of America
Stablecoin exchange inflows are up, which could mean the crypto market is headed for an eventual recovery, say researchers for Bank of America. In a Friday report, analysts Alkesh Shah and Andrew Mos...