The Terra (LUNA) blockchain’s algorithmic stablecoin Terra USD (UST) has flipped Binance USD (BUSD) to become the third-largest stablecoin on the market. UST is a USD-pegged stablecoin that was launch...
Tag: Stablecoin
DeFi Stablecoin Platform Beanstalk Suffers ~$80M Hack
Another DeFi platform took a major hit today, as the decentralized, credit-based stablecoin Beanstalk (with it’s stablecoin $BEAN) has broken it’s peg following a roughly $80M hack. Speculation has be...
Attacker Drains $182M From Beanstalk Stablecoin Protocol
According to the summary, the attacker took out a flash loan on lending platform Aave which enabled them to amass a large amount of Beanstalk’s native governance token, Stalk. With the voting power gr...
Ethereum-based stablecoin protocol Beanstalk loses more than $80 million to exploit
Beanstalk, a credit-focused stablecoin protocol built on Ethereum, was exploited Sunday morning. The attacker obtained more than $80 million worth of crypto, including 24,830 ETH — an amount wor...
TiTi Protocol Join Alpha Venture DAO to Initiate a Brand-new Era for Algorithmic Stablecoin
[PRESS RELEASE – Singapore, April 14, 2022] TiTi announced another solid step towards building the future of web3, joining Alpha Venture DAO and becoming the first algorithmic stablecoin project in Al...
The Stablecoin Issue: Should Stability Undermine Scalability
The current cryptocurrency landscape, although fast-growing, is still noticeably far from being the inadvertent choice in finance for the average Jane and Joe. Among the few barriers to entry that lin...
BlackRock, Fidelity Back Stablecoin Firm Circle in $400 Million Funding Round
Wall Street gets ready for more extensive reception of advanced monetary standards Other investors include Marshall Wace LLP and Fin Capital BlackRock to investigate capital-market applications for US...
Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch
Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs. VORTECS™ charts from Cointelegraph Markets Pro show that COTI, an ...
How much of a stablecoin allocation is too much?
Cryptocurrencies are well-known for being volatile assets, which means that experienced traders have plenty of opportunities in the space. Investors can expect to be taken on a wild ride if they plan ...
Stablecoin USDC Issuer Circle to Apply for U.S. Crypto Banking License
Circle Internet Financial, the second-largest stablecoin USDC issuer, said it is now close to applying to U.S. regulators to operate as a bank. The company did not disclose when it would file the subm...
Leading Stablecoin USDT Launches on Kusama – crypto.news
Tether (USDT), the largest stablecoin by reported market cap is set to launch on Kusama (KSM), the canary network of the Polkadot (DOT) ecosystem. USDT to Launch on Kusama Network Boasting of a market...
Gemini Dollar (GUSD): Will It Triumph The Stablecoin Space?
Gemini dollar (GUSD) merges the price stability and creditworthiness of the US Dollar along with the upgraded technologies utilized by a cryptocurrency. GUSD is a stablecoin backed by the US Dollar a...
USDC Stablecoin Issuer Circle Raises $400 Million Fund For Expansion
USD Coin Issuer Circle Internet Financial Ltd has completed a $400 million funding round, with participants like Fidelity Management and Research LLC and BlackRock Inc participating. Other investors i...
Wonderland Founder Dani Sesta Resurfacing In DeFi With His New Leveraged Stablecoin Project
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Issuer of Second-Biggest Stablecoin Secures $400 Million in Funding
Alex Dovbnya USDC stablecoin has landed a $400 million funding round from some high-profile investors of the likes of Blackrock Cryptocurrency finance firm Circle, the issuer of USD Coin (USDC), has a...
Volt Protocol Raises $2 Million for ‘Inflation-Resistant Stablecoin’
In brief Volt uses Fuse, an Ethereum-based, open-interest protocol that supports isolated interest rate markets. Each month, the target price of Volt updates according to changes in the inflation rate...
BlackRock joins stablecoin issuer Circle’s $400M funding round
Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRo...
TiTi Protocol Secures $3.5M to Build a Use-to-Earn Algorithm Stablecoin
[PRESS RELEASE – Singapore, 11th April 2022] Singapore, April 12, 2022 – TiTi protocol announces a successful fundraising round of $3.5 million, led by The Spartan Group, with participation from Seven...
Who should address Stablecoin Regulations, Biden Administration or Congress?
Stablecoins have encountered 500% development since October 2021 Many are confused as to whether the dollar-pegged asset should fall under the umbrella of existing rules Liberals are separated on whe...
TiTi Protocol secures $3.5 million to build a use-to-earn algorithm stablecoin
TiTi protocol announces a successful fundraising round of $3.5 million, led by Spartan Group, with participation from SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution Cap...
Telegram’s TON In Talks With Three African Countries To Launch Stablecoins
TON Blockchain is working with Cameroon, the Democratic Republic of Congo (DRC) and the Republic of … [+] Congo to launch crypto p2p payments on Telegram. getty Africa has been widely reported a...
Morgan Stanley Says US Could Regulate Stablecoin Issuers Like Banks
Implications for the crypto markets could be far reaching as about 60% of bitcoin and ether exchanges are trades versus a stablecoin, and stablecoin lending has become an important part of centralised...
Wonderland Founder Dani Sesta Seeks DeFi Comeback With New Leveraged Stablecoin Project
Wonderland founder Daniele Sestagalli says he is launching a new leveraged stablecoin yield farming DeFi project for the not-so-wealthy in crypto. Sestagalli, who faced criticism for trusting former c...
Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap – Coinotizia
The stablecoin economy has grown during the last month as the market capitalization is now only $10 billion away from reaching the $200 billion mark. While the largest stablecoin, by market valuation,...
Cardano NFT gaming engine Revelar to integrate COTI’s Djed stablecoin » CryptoNinjas
COTI, a multi-DAG (directed acyclic graph) blockchain for payments, announced today a new partnership with Revelar, Cardano’s first NFT gaming platform. The partnership will see Revelar integrate COTI...
TiTi Protocol Raises $3.5M to Develop the First Use-to-Earn Algorithm Stablecoin
Advertisement     TiTi protocol, a multi-asset reserve stablecoin based on a decentralized Monopoly Auto Market Maker mechanism has closed its fundraising round that s...
Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap – Altcoins Bitcoin News
The stablecoin economy has grown during the last month as the market capitalization is now only $10 billion away from reaching the $200 billion mark. While the largest stablecoin, by market valuation,...
TiTi Protocol Secures $3.5 Million to Build the First Use-to-Earn Algorithm Stablecoin
singapore, singapore, 11th April, 2022, Chainwire TiTi protocol announces a successful fundraising round of $3.5 million, led by Spartan Group, with participation from SevenX Ventures, Incuba Alpha, D...
AEX ASwap to launch stablecoin genesis mining activity to earn rewards without risks
AEX Global is accelerating its expansion of the business worldwide. AEX ASwap will launch stablecoin genesis mining activity on April 12, 2022. Swap GMT with stablecoins for free, up to 1,500%+ APR fo...
Near Protocol Set to Roll Out Its own Stablecoin ($USN) On April 20 – crypto.news
Near Protocol, an open-source platform for decentralized applications is set to launch $USN, its own stablecoin that brings lucrative APYs to the DeFi ecosystem. The buzz around the algorithmic stable...
Terra’s New Stablecoin Pool Makes Waves in DeFi
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Remember the Curve Wars? Well, on April 1, the Terra community wrote another chapter. Terra introduced something called...
Starbucks joins NFT party, UK government seeks stablecoin regulations and Crypto Twitter rallies behind cancer fighter, Hodler’s Digest: Apr. 3-9
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...