Gyroscope, a crypto startup that claims to be building a unique stablecoin, announced it has raised $4.5 million in a seed funding round. Placeholder VC and Galaxy Ventures co-led the round, wit...
Tag: Stablecoin
Stablecoin System Based on Swaps Proposed by BitMEX’s Hayes
BitMEX Co-founder Arthur Hayes promoted a stablecoin mechanism in his blog post, stressing that the sector doesn’t have a centralization problem. Arthur Hayes, a frequent commentator on the cryptocurr...
Arthur Hayes: Bitcoin-based stablecoin – The Cryptonomist
Arthur Hayes, the co-founder of BitMEX, has proposed a new Bitcoin-based stablecoin: Satoshi Nakamoto Dollar. The goal is to make the stablecoin free from any movement of the US dollar (USD) and thus ...
Arthur Hayes proposes new stablecoin mechanism
Arthur Hayes, the co-founder of BitMEX, has proposed a new stablecoin mechanism that could replace fiat-based stablecoins and reduce systemic risk in the crypto market. In a recent blog post, Hayes ex...
Terra Classic USD (USTC) up 12% as Binance Adds New Stablecoin Trading Pair
Gamza Khanzadaev Terra Classic USD (USTC) can now be traded against Tether’s USDT on this major crypto exchange Disclaimer: The opinion expressed here is not investment advice – it is provided f...
BitMEX co-founder Arthur Hayes proposes Bitcoin-based stablecoin
Amid the United States regulators increasingly scrutinizing stablecoins, the community continues to pitch new ideas of stablecoins independent from the U.S. dollar. Arthur Hayes, co-founder and former...
Fantom Launched its Next Generation Stablecoin– the fUSD v2
The Fantom Foundation had made a big announcement, revealing the release of version 2 of its highly anticipated stablecoin, fUSD. This new and improved version of fUSD is designed to provide users wit...
Tether shines as leading stablecoin in evolving market
Ad Following the FTX disaster in November, the stablecoin market has significantly changed, losing $12 billion in value. More recently, the issue was compounded by troubles at BUSD as the New York Dep...
Babel Finance Hopes On Bitcoin-Backed Stablecoin To Repay $766 Million Debt
– Advertisement – Summary: Babel Finance plans to repay creditors with a two-prong approach – a decentralized finance platform and a crypto-backed stablecoin token. The troubled crypto len...
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and semi algorithmic stablecoin. With Frax’s deci...
Babel Finance Proposes Launching New Stablecoin To Repay Debtors
9 seconds ago | 2 mins read Defi News Babel co-founder Yang Zhou is now the company’s sole director. A completely reserved stablecoin dubbed HOPE is proposed as part of restructuring plan. According t...
Tether stablecoin responds to WSJ attack
Tether stablecoin has responded to a Wall Street Journal report detailing alleged shady dealings by it and Bitfinex to open bank accounts. Specifically, Tether accused the WSJ of “stale allegations” o...
Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report
Babel is on the verge of filing a moratorium extension that would prevent creditors from making claims for at least another six months, the report from Sunday said. The filing alleges that co-founder ...
Babel Finance Pins Hope on New Stablecoin Project to Resolve Financial Woes: Report
Babel Finance co-founder Yang Zhou is banking on a new stablecoin to pull the troubled crypto lender from the financial crisis. Last June, Hong Kong-based project was one of the three prominent firms ...
On-Chain Data Analyst Spots Massive Amount of Stablecoin Deposits
On-Chain Analyst tweeted that many stablecoins have been deposited across many exchanges. 73% of the community thinks that the scenario is bullish while 27% think otherwise. BTC loses approx. 5% of it...
Here’s how Binance is mitigating its stablecoin needs after BUSD ban
Binance has turned to a new set of stablecoins in the wake of the United States Securities and Exchange Commission’s (SEC) regulatory action against its native stablecoin, BUSD. SEC had sent a Wells n...
Babel proposes new stablecoin to repay $766m to creditors
After recording massive losses last year, financial service provider Babel Finance proposed developing a new stablecoin to generate revenue to repay $766 million to its creditors. The plan involves cr...
Babel Finance to Launch HOPE Stablecoin in Effort to Repay Debts
Embattled crypto lending firm Babel Finance envisions a restructuring effort centered around a new stable asset project called Babel Recovery Coin. Babel’s co-founder and sole director Yang Zhou is pi...
Crypto Exchange Stablecoin Inflows Spike as Traders ‘Buy the Dip’
Centralized crypto exchanges appear to be seeing increased inflows of stablecoins. This could be a sign that buying pressure is about to increase. On March 6, analytics firm CryptoQuant reported incre...
Forget Bitcoin, Coinbase CEO Advocates for a US-Backed Stablecoin (Op-Ed)
In a post-FTX world, it’s really hard being a crypto executive. Not only are your bags empty and revenues down, but you also have United States financial regulators breathing down your neck with subpo...
Market Cap for Binance Stablecoin BUSD Plummets 43% in 30 Days
Binance’s third-place ranking as the market’s largest stablecoin may soon change. On February 13, Paxos Trust, the stablecoin’s operator, announced that it would stop minting the Binance-branded stabl...
New Lows For CVS, Hormel And Silvergate
stock market, stablecoin getty While stocks gained ground this week and many seemed to be recovering from the late February sell-off, these 3 well-known names slumped to new 52-week lows. CVS Health (...
Binance USD Stablecoin BUSD Supply Shrinks by $6 Billion
The supply of the Binance branded stablecoin BUSD is dwindling fast as crypto traders ditch the beleaguered asset. The third largest stablecoin, Binance USD (BUSD), is dwindling fast as its supply has...
Binance’s Stablecoin BUSD Takes a Hit As Investors Liquidated $6 Billion Due to Rising Regulatory Concerns
Binance, the world’s largest cryptocurrency exchange, is facing increased regulatory trouble from the U.S. Securities and Exchange Commission (SEC). The SEC has reportedly been investigating Binance’s...
Coinbase Suspends Binance Stablecoin, Bowing to SEC
Coinbase will suspend Binance USD trading starting next month after the SEC targeted the stablecoin, the crypto exchange said Monday. Starting March 13, Coinbase will no longer offer Binance USD...
Coinbase Delists Stablecoin Binance USD (BUSD)
Coinbase announced Monday it would delist the stablecoin Binance USD (BUSD). The exchange plans to no longer support BUSD trading on Monday, March 13, 2023, at around 12 pm ET. The major exchange said...
Coinbase Adds Circle Issued Euro Coin (EUROC) Stablecoin
Exchange News The EUROC was added to the exchange’s listing roadmap earlier this month. Circle has launched a stablecoin which is pegged in value to the Euro at a 1:1 ratio. The Euro-backed stablecoi...
True USD becomes 5th largest stablecoin after market cap surges 15%
Ad Over the last few weeks, the market value of True USD (TUSD) has surged and it is now ranked, according to Coin Market Cap, as the fifth largest stablecoin by market capitalization. In the last 24 ...
TrueUSD becomes fifth largest stablecoin
TrueUSD has become the fifth largest stablecoin after Binance minted about $130 million TUSD in the past seven days. According to blockchain data by Coingecko, the recent crackdown on BUSD by the Secu...
Binance USD Stablecoin Gets Booted Off Coinbase Amid Mounting Regulatory Pressure ⋆ ZyCrypto
Advertisement     San Francisco-based cryptocurrency exchange Coinbase is kicking Binance USD (BUSD) off its platform. Coinbase cited failure to meet its listing stand...
How Hard is it for Stablecoin Issuers To Cash Out Billions?
Stablecoin issuer Paxos Trust, under pressure from US regulators, must be able to honor potentially billions in redemptions in the year ahead. That raises questions about whether the firm — and, for t...
Coinbase will delist the BUSD stablecoin
The official announcement was made yesterday on Twitter: on 13 March 2023 Coinbase will suspend trading for the Binance USD (BUSD) stablecoin. We regularly monitor the assets on our exchange to ensure...