House Financial Services Committee Chairwoman Maxine Waters, of Calif., right, speaks as ranking … [+] member Rep. Patrick McHenry, R-N.C., listens during a hearing of the House Financial Servic...
Tag: Stablecoin
Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks – Bitcoin News
On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will...
Tether Launches USDT Stablecoin on NEAR Protocol
Tether will be launching its stablecoin (USDT) on NEAR Protocol. With this, the cryptocurrency will be circulating on a total of twelve different blockchains. According to a press release shared with ...
Here’s the full scope of UST’s de-pegging on the stablecoin market
Following the collapse of TerraLUNA in May, never-before-seen attention has since been placed on stablecoins. In fact, there are many who still harbor doubts about the ‘stability’ of this class of cry...
Curve Finance’s Stablecoin is about to enter the Scene
Join Our Telegram channel to stay up to date on breaking news coverage The last couple of months has been extremely difficult for everyone who has participated in the global markets. While the entire ...
Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin
Bank of America (BAC) has talked about the recent decision by the Binance exchange to convert all existing user balances and future deposits of three stablecoins USD coin (USDC), trueUSD (TUSD) and pa...
Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal
On-chain data shows the Bitcoin stablecoin supply ratio is now showing a green signal that has proved to be profitable for the crypto several times in the last two years. Bitcoin Stablecoin Supply Rat...
Coinbase’s Stablecoin Proposal Expected to Earn MakerDAO $24M Annually
Coinbase has a bold plan to help MakerDAO generate $24 million annually. The American crypto exchange recently proposed that the popular DeFi project deposit $1.6 billion in USDC on Coinbase instution...
Hubble, Creator of ‘Censorship Resistant’ Stablecoin USDH, Raises $5 Million
On Thursday, Hubble Protocol—the Solana-based decentralized finance (DeFi) protocol behind stablecoin USDH—announced the completion of a $5 million fundraising round. Led by Multicoin Capital, the rai...
Tether’s Lead Over USDC Hits $16B as Binance Moves to Limit Stablecoin Competitors
For a while there, it looked like Circle’s USDC stablecoin was within range to overtake Tether, its biggest competitor. Starting in June and through the end of July, the gap between the two stablecoin...
Did Fed officials call for serious need of stablecoin regulations
The cryptocurrency market, since its inception, has been open to doubt and speculation. Just recently, two U.S. Federal Reserve officials have asked for additional laws to be formed especially for sta...
Binance’s stablecoin switch may be an attempt to gain further control over the crypto market
Join Our Telegram channel to stay up to date on breaking news coverage A change in how Binance will handle some stablecoins on its exchange was announced on Monday, and it caused a stir in the cryptoc...
DeFi Protocol Curve Finance Posts Code for Upcoming Stablecoin
DeFi protocol Curve Finance may be on the cusp of releasing its new dollar-pegged stablecoin. On Tuesday, the stablecoin’s code was uploaded onto GitHub by its developers. Details are thin at present,...
FED Officials Express Stablecoin Regulations With Their Concerns
Two Officials from the FED called for the new regulations in stablecoins and traditional finance. The officials also shared about the stablecoin regulatory framework at the end of this year. FED Vice ...
What ‘crypto winter’? Global stablecoin monthly trading volume hits an all-time record
Stablecoins have been cast into the spotlight over their different uses and role in the ongoing crypto market crash. The development of stablecoins within the cryptocurrency community is being emphasi...
Defi Protocol Curve Finance to Launch ‘Crvusd’ Stablecoin
The stablecoins code was released into GitHub by its developers. Over-collateralization ensures the new currency will maintain its $1 peg in the market. With the DeFi protocol Curve Finance, a new dol...
Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision – Bitcoin News
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among...
DeFi Platform Curve Finance Nears Issuance of Native Stablecoin crvUSD
Although developers remain tight-lipped on details, Curve is almost close to launching its stablecoin crvUSD. Ethereum-based, stablecoin-swapping application Curve Finance is reportedly close to launc...
Circle CEO Allaire Supports Binance Stablecoin Decision
Jeremy Allaire, the co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, has responded to the Binance cryptocurrency exchange’s move to stop supporting USDC trading. The Circle CEO sa...
Russian gov’t working on stablecoin settlement platform between friendly nations: State media
Russia’s Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform. According to a Tuesday report f...
Russia Collaborates With Other Countries to Setup Stablecoin Cross-border Clearing Platform
Russia is working with several countries to establish clearing platforms for cross-border settlements of stablecoins, Deputy Finance Minister Alexei Moiseev said on Tuesday, according to the state-bac...
Russia considering cross-border stablecoin payments
Russia has begun work on creating platforms for cross-border stablecoin settlements, according to Russia’s Deputy Finance Minister. The new platform for cross-border stablecoin payments The real news,...
Stablecoin Protocol Frax Finance Launches Lending Market Fraxlend
Algorithmic stablecoin protocol Frax Finance has launched its own lending marketplace Fraxlend, where any user can lend and borrow using any token belonging to the Chainlink data feed without permissi...
Russia Exploring Stablecoin Settlements With Friendly Nations: Report
Tass quoted Russia’s Deputy Finance Minister Alexey Moiseyev as saying, “We are currently working with a number of countries to create bilateral platforms in order not to use dollars and euros. We off...
Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps $0.91 Low This Week – Altcoins Bitcoin News
Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $0.994 per unit, and ever since then, USDN has not been able to rise above the $0.97 per unit range. The dollar-pegged as...
Russia to Explore Cross-Border Stablecoin Settlements
Key Takeaways Russia has indicated that it is exploring stablecoins in the context of international settlements. The stablecoins in question are for use on bilateral platforms and are tied to commodit...
Binance to Convert Users’ USDC Into Its Own Stablecoin
Binance cryptocurrency exchange announced on Monday that it has introduced “BUSD Auto-Conversion”. The latest program will, therefore, allow customers to convert any existing user balance...
Binance To Rename All Stablecoin Holdings to BUSD
Binance said the move is meant to enhance liquidity and capital efficiency for users “Converged dollar books on Binance — now same as on FTX and Coinbase — is a good thing,” Circle’s CEO said Cryptocu...
Binance Boosting BUSD Stablecoin by Ditching USDC and Two Other Major Stablecoins
Crypto exchange Binance has announced that it will automatically convert user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and TrueUSD (TUSD) to Binance USD (BUSD) at a 1:1 ratio on...
House’s Stablecoin Bill May Face Fatal Delays for 2022 Progress
“If it’s true that the bill isn’t moving to markup, we’re glad committee leadership has decided not to move forward with what likely would have been a problematic proposal,” sa...
Stably Announces Support for Stablecoin Minted on XRP Ledger
Stably will soon support the stablecoin issued on XRP Ledger with Ripple by its side during the initial phase of integration. USDS will be launched as USD on XRPL under this integration to bring the f...
Stablecoin wars heat up as USDC and USDT battle for market share
Since the Terra Luna crisis earlier this year, there has been a shake-up in the stablecoin ecosystem. At the time of its collapse, TerraUSD (UST) had a market cap of just over $18 billion, which was w...