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Tag: Stablecoin
Stablecoin supplies drop $30 billion in a month marking the steepest fall in history
After sending ripples across the cryptocurrency market, the collapse of Terraform Labs’ native token Terra (LUNA) and its stablecoin TerraUSD (UST) has also made its impact felt throughout the stablec...
What is DAI? Here’s an alternative Stablecoin to USDT and USDC!
While Bitcoin, Ethereum, and many other altcoins take the spotlight of cryptocurrencies, Stablecoins are also worthy assets. Stablecoins are assets whose value pegs to another entity devoid of volatil...
Australia’s Second Largest Bank Has Ambitious Plans for Its Stablecoin
Alex Dovbnya Australia’s ANZ is mulling over introducing retail-oriented use cases for its recently launched stablecoin Australia and New Zealand Banking Group (ANZ) have come up with a host of ...
Binance Terra 2.0 Support Careless? Do Kwon Launching Another Stablecoin? Ever Spoken To Do Kwon? CZ Clarifies
– Advertisement – Binance CEO Changpeng Zhao (CZ) gave an interview to Fortune magazine where he clarified many questions regarding terra 2.0 and Do Kwon. Was Binance Irresponsible? Terra’...
Top-rated Stablecoin Cryptocurrency Mining Platform » NullTX
You can check out their official website here: Official Website If you are interested you can register with this link: Registration Link For more information, you can contact their customer service on...
Bank of England to Rescue Collapsing Stablecoin Issuers—If They’re Big Enough
The Bank of England yesterday announced it would intervene to direct and oversee collapsing stablecoins should the British central bank decide that a stablecoin issuer “has reached systemic scale fail...
June Hard Fork, P2P Protocol, DJED Stablecoin and More
Arman Shirinyan Cardano users are excited for variety of releases expected on network this summer The Cardano network is getting ready for a number of big releases for the ecosystem in upcoming months...
UK government protects against the stablecoin market
On 12 May, the UST stablecoin lost 99% of its value despite all the safeguards that made it “safe”. Terra is tied algorithmically to the value of the dollar and this protected both it and the Luna to...
Tron Now Third-Largest DeFi Blockchain After $USDD Algorithmic Stablecoin Launch
Statistics for the Tron blockchain quickly saw a sharp rise following the public release of $USDD, the project’s new algorithmic stablecoin. The Tron blockchain now ranks as the third-largest bl...
UK government proposes additional safeguards against stablecoin failure risks
In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for the stablecoin industry. In its report, the Treasury highlighted the ...
UK Government Proposes Amends to Manage Risks Associated With Failed Stablecoin Projects
The catastrophic event sparked renewed effort from the global regulators to address key inefficiencies in the stablecoin market that many consider could potentially jeopardize financial stability. The...
UK proposes legislation amendments to regulate stablecoin issuers
? Want to work with us? CryptoSlate is hiring for a handful of positions! The collapse of TerraUSD (UST) and its sister token Luna Classic (LUNC) has created an urgency for governments across the glob...
Tron Becomes DeFi’s Third-Largest Blockchain Thanks to Terra-Like Stablecoin
Tron, the Justin Sun-led blockchain launched in 2018, is now DeFi ‘s third-largest blockchain in terms of total value locked (TVL). According to DefiLlama, the total value locked (TVL) across Tr...
UK Treasury Creates New Proposal to Limit Effects of Stablecoin Collapses
Following the fallout of the crash of the algorithmic stablecoin Terra this month, the U.K. Treasury tables a new insolvency regime designed to protect consumers’ assets. The now infamous crash of the...
Tron (TRX) Surpasses $6,000,000,000 in Total Value Locked Amid Explosion of USDD Algorithmic Stablecoin
An under-the-radar altcoin’s total value locked (TVL) is on the rise as its affiliated algorithmic stablecoin continues to capture more market share. Tron (TRX), a project originally designed to serve...
UK Treasury sets out to bolster stablecoin protections following Terra crash
The UK’s Treasury on Tuesday published an initial consultation on managing “systemic failure” in digital assets, proposing bolstered protections related to stablecoins. It recommend...
UK moves on stablecoin safety nets amid Terra`s crash
The UK government has made a strong commitment to placing the country’s financial services industry at the forefront of cryptoasset technology and innovation. The UK is taking a phased and proportiona...
Do Kwon’s Terra 2.0 To See New Stablecoin, Claims Insider!
According to a self-proclaimed insider, Terra creator Do Kwon may introduce a new decentralized stablecoin on Terra 2.0. FatMan, a regular contributor to the Terra governance forums, made the allegati...
Do-Kwon Plans New Stablecoin in Terra 2.0?
15 seconds ago | 2 mins read Terra (LUNA) News The New LUNA price varied from $3.63 to $19.54 in just 2 days. The Terra community is disappointed with the idea of a new stablecoin. The comforting poin...
Terra’s Do Kwon Building New Stablecoin, Says Insider
Terra founder Do Kwon could launch a new decentralized stablecoin on Terra 2.0, a self-proclaimed insider said on Tuesday. The claim was made by an active participant on the Terra governance forums, w...
That’s Why Terra 2.0 Abandoned UST??? As Apparently Terra Founder Do Kwon Looking To Bring New Stablecoin
– Advertisement – Is Do Kwon Planning To Create A New Stablecoin On Terra 2.0? Terra’s Do Kwon is still a major subject of discussion within crypto circles after the collapse of Terra LUNA...
MoneyGram CEO Confident in USDC Stablecoin for Cross-Border Payments
Established U.S. money-transfer company MoneyGram backs digital assets as the future of remittance. MoneyGram International Inc. is partnering with the Stellar Development Foundation to blend its core...
Is Justin Sun’s New Stablecoin Just a Clone?
USDD Price at the time of writing – $1.00 USDD is also backed by the Tron DAO Tron DAO plans to manage a reserve of USD 10 billion in different cryptoassets to support its peg UST, a stablecoin that s...
Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism – Defi Bitcoin News
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi ...
MoneyGram and Stellar will collaborate to offer stablecoin remittance
In a recent development, the popular money transfer service provider, MoneyGram has revealed its plans of enabling users to send stablecoins. These users will also be able to convert these stablecoins...
How far Fed Vice Chair Lael Brainard is right saying CBDC and Stablecoin can co-exist together?
Both CBDC and stablecoins are meant to be two different yet assets with the same goal to elevate the financial transaction and digitalize the economy. Vice Chairperson of the United States Federal Res...
MoneyGram to Partner With Stellar to Provide Stablecoin Remittances
One of the largest money transfer services in the world – MoneyGram – plans to enable users to send stablecoins and convert them to fiat currency. The company will collaborate with Stellar Blockchain ...
MoneyGram CEO bets stablecoin remittances are the future despite the chaos in the sector
As the cryptocurrency market expands all over the world and across industries, major corporations are seeking ways to jump on the bandwagon and incorporate digital currencies (such as stablecoins) int...
MoneyGram CEO Sees Stablecoin As Future of Payments as Service Needs Grow
Alex Holmes, the CEO of traditional cross-border payments giant MoneyGram, admitted that stablecoins are likely to be the future of payments because of their growing market demands. In an interview w...
TRON TVL Soars to $6 Billion as USDD Algorithimc Stablecoin Catches Speed
Tron’s algorithmic stablecoin – USDD – is catching some serious speed as its market cap expands to more than $600 million. This has also played a big part in the growing value locked in DeFi protocols...
Vitalik Buterin Reveals How To Identify A UST-Like Algorithmic Stablecoin
Ethereum’s organizer has shared two different ways for financial backers to let know if an algorithmic stablecoin is supportable over the long haul Vitalik Buterin has proffered two thought experiment...