Tether (USDT) will undergo a full audit from a top accounting firm, according to the stablecoin issuer’s chief technology officer. Tether CTO Paolo Ardoino tells Euromoney that a top-12 accounting fir...
Tag: Stablecoin
USDC stablecoin leads in Ethereum real trading volumes
USD Coin (USDC), one of the popular stablecoins in the market, is competing well against Tether (USDT). Data from Messari shows that the stablecoin’s daily real volumes on the Ethereum network had dou...
Tether to issue new stablecoin pegged on British Pound
Tether, the issuer of leading and largest US dollar-pegged stablecoin USDT, has announced plans to launch another stablecoin, the company said on Wednesday. The new offering will be pegged on the Brit...
Tether launches GBP₮, a stablecoin pegged to the British pound
Tether has announced that it will launch the stablecoin pegged to the British pound, GBP₮, in July 2022. The initial blockchain to support it is Ethereum. Tether and the launch of the GBP₮ stablecoin ...
Tether will launch a new pound sterling-backed stablecoin
Tether has announced today that it will roll out a sterling- backed stablecoin next month. The move comes as the UK prepares to regulate the stablecoin sector in readiness for its attempt to make Lond...
Why another stablecoin losing its peg isn’t ‘Terra 2.0’
Cryptocurrencies have been under immense pressure after the collapse of a so-called stablecoin called terraUSD. Umit Turhan Coskun | Nurphoto via Getty Images A controversial stablecoin launched just ...
Tether to Launch a British Pound-Pegged Stablecoin (GBPT) in July
Just shortly after releasing a stablecoin pegged to the Mexican Peso, Tether has introduced a new product focusing on the British Pound. GBPT will first work on top of Ethereum, while other blockchain...
Is USDC Challenging USDT For The “Top Stablecoin” Title? – Coinpedia – Fintech & Cryptocurreny News Media
After Tuesday, when USD Coin’s daily’real volume’ on the Ethereum network doubled that of Tether’s USDT, it began to challenge Tether for the title of top stablecoin in the cryptocurrency world. The f...
Tether Unveils New Stablecoin GBP₮ Pegged to the British Pound
Amid the crypto market turmoil, stablecoin issuer Tether continues to expand its market presence. The world’s largest stablecoin operator is now looking to enter the British market with a new stableco...
U.S. Fed says recent strain highlights ‘structural fragilities’ in stablecoin sector
? Want to work with us? CryptoSlate is hiring for a handful of positions! The Federal Reserve views stablecoins as an area of concern due to the recent strain on the digital assets, noting that this h...
Tron’s USDD Stablecoin Still Hasn’t Recovered Its Dollar Peg
Tron’s stablecoin has yet to reclaim parity with the greenback USDD hit an all-time low of $0.9255 on June 19 USDD Market Cap – $704,861,106 Tron’s recently sent off USDD stablecoin has exchanged unde...
Circle All Set To Launch Euro-Pegged Stablecoin $EUROC On Ethereum
$USDC’s issuer Circle has informed that it’s launching a second stablecoin pegged to the Euro. The stablecoin is called Euro Coin ($EUROC) and is issued under the same full-reserve model a...
How is Lido’s Staked ETH decoupling different from Collapse in stablecoin?
The report of CoinShares throws light on the notion that the decoupling of Lido Finance’s staked ether (stETH) and Ether (ETH) is similar to stablecoin collapse CoinShares wrote in its report on...
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged – Bitcoin News
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June...
USDC v. USDT – Is this stablecoin nearing its ‘Circle’ of life?
The stablecoin market, like the rest of the cryptocurrency ecosystem, continues to see new updates every day. Things changed rapidly, especially after TerraUSD [UST] came into the picture only to cras...
Why is this stablecoin unable to keep its peg value stable at $1?
Stablecoin is a cryptocurrency backed by dollars and maintains its pegged value against it; in case of losing parity, it could collapse. No need to mention that currently, the market is being talked ...
Record stablecoin market share points to crypto upside: JPMorgan
The rapid surge in share of stablecoins like Tether (USDT) in the cryptocurrency market may point to an upcoming crypto upside, according to analysts at the American investment bank JPMorgan Chase. Th...
TRON DAO Reserve Buys 10M USDD In An Effort To Stop Its Stablecoin From Depegging
– Advertisement – TRON DAO Reserve acquired 10m of TRON stable coin USDD to protect the blockchain and crypto industry. Justin Sun and the TRON DAO Reserve have just announced that they ...
Decoupling of Lido’s Staked ETH Differs From Stablecoin Collapse, CoinShares Says
This is not the same as the UST crash because the underlying asset, ETH, is not directly affected by the market price of stETH, CoinShares said. The benefit of stETH is that it allows users to earn yi...
Stablecoin Giant Tether (USDT) Struggles to Maintain Dominance
Investors are fleeing from Tether (USDT), says on-chain data. The stablecoin giant, as a result, has lost significant market share amid a slew of market corrections. Tether’s Losing Market Share Tethe...
BIS to launch market intelligence platform amid stablecoin, DeFi collapse
The Bank for International Settlements (BIS) Innovation Hub announced the launch of a new set of projects targeting various aspects of traditional and crypto payments — including a cryptocurrency mark...
MIM stablecoin depeggs following Terra’s Domino effect
Magic web cash (MIM), an America dollar-pegged stablecoin of the gibber scheme, joins the growing list of tokens losing their $1 worth amid associate untimely crypto winter. The unforeseen de-pegging ...
Federal Reserve highlights ‘structural fragilities’ in stablecoin market in new report
The US Federal Reserve is pointing to the recent collapse of TerraUSD and other algorithmic stablecoins as examples of financial stability risks. In its June 17 monetary policy report, the Fed noted ...
Data Suggets USDC May Soon Replace USDT As Stablecoin Favorite
On-chain data analytics site Glassnode disclosed today that world’s second largest stable coin USDC is gaining traction as crypto investors seem to prefer it over USDT. This is evidenced in the total ...
USDC Stablecoin Issuer Circle Launching Euro-Backed Euro Coin (EUROC) – crypto.news
Circle Internet Financial has announced that it’s releasing a new regulatory-compliant, fully-reserved stablecoin dubbed Euro Coin (EUROC). Circle says EUROC shares the same pillars of trust, transpar...
Coinbase Faces Class Action Suits Over Recent Stablecoin Crash
Exchange News The lawsuit claims that Coinbase failed to disclose TerraUSD’s true nature. GYEN surged in value, then plummeted a week after Coinbase added it to its platform. On Thursday, a class-acti...
Fed Says “recent strains” In Stablecoin Market Demonstrate Fragility Of The Ecosystem
In the latest report, the Federal Reserve highlights that the stablecoins, due to their lack of “safe reserves” and transparency, put the financial system at risk. Fed Points Out The Risks Associated...
Another Stablecoin Magic Internet Money (MIM) Loses $1 Parity
Altcoin News MIM has fallen 7% in the last 24 hours and is now trading at $0.9456. Wonderland Treasury withdrew $57 million USDC from a MIM Curve liquidity pool. Since crypto markets began to unravel,...
Magic Internet Money (MIM) Stablecoin Depegs Amid Insolvency FUD
Magic Internet Money (MIM), the native token of the Abracadabra DeFi platform, is the latest stablecoin to lose its peg as crypto markets unwind. MIM, which is the 42nd largest stablecoin by market ca...
Circle to Issue Euro-Backed Stablecoin
Alex Dovbnya Circle has announced its second major fiat-backed stablecoin Boston-based payments technology company Circle announced Thursday that it intends to issue a euro-backed stablecoin. Dubbed &...