This initiative means that users will be able to directly trade UST against the Avalanche tokens on the Avalanche blockchain. Luna Foundation Guard (LFG), a Singapore-based nonprofit building reserves...
Tag: Stablecoin
Near Surges by Over 25% on News of an Upcoming Stablecoin – Market Updates Bitcoin News
NEAR rallied by over 25% on Friday, as speculation grew that Near Protocol was set to create a rival stablecoin to Terra’s UST. LUNA fell on the news, as Terra labs plans to purchase around $100 milli...
OCC chief continues push for bank-style regulation for stablecoin issuers in the US
The leader of the Office of the Comptroller of the Currency, a US banking regulator, is continuing the Biden administration’s push for bank-style regulation for stablecoin issuers. On April 8, M...
Near Protocol is set to launch a stablecoin called USN: Source
Near Protocol is bringing out its own stablecoin called USN, The Block has learned, according to a source familiar with the situation. Rumors surrounding the stablecoin first surfaced when Zoran Kole,...
$350M, Stablecoin Rumors Mean New Highs Are NEAR
Share this article NEAR is quickly approaching its all-time high price. A recent $350 million raise combined with rumors of a native, high-yield, algorithmic stablecoin have contributed to the Layer 1...
Terra Buys $100 Million Worth of AVAX Tokens to Back Its Stablecoin
Alex Dovbnya Luna Foundation Guard has bought $100 million worth of AVAX tokens, moving beyond Bitcoin Luna Foundation Guard, a non-profit that supports the Terra blockchain, has moved to diversify it...
Donation of $2.5m in stablecoin from Binance Charity received by UN Refugee Agency
Stablecoin crypto gift received by The USA for UNHCR, the UN Refugee Agency The $2.5 million USD from Binance through Binance Charity shows support for Refugees Digital money is assuming a critical p...
Terra Heads Up, Why NEAR May Launch Stablecoin With 20% APR
Crypto Insiders founder Zoran Kole revealed the possible launch of a Near Protocol native stablecoin. Via a substack post, Kole claimed the digital asset will be announce on April 20 as an algorithmic...
Frax Finance may buy large amounts of major cryptos to back its stablecoin
Frax, an algorithmic stablecoin protocol, is mulling the idea of buying billions of dollars’ worth of native tokens of major blockchains to use as reserve collateral for its stablecoin. The sta...
The role of stablecoins in the future of E-commerce
Digital currencies and payment systems have taken the world by storm by significantly benefiting customers and society with increased efficiency, broader financial inclusion, and more innovation. The...
FIS Worldpay Partners with Circle for Merchant Payment Settlements in USDC Stablecoin
FinTech FIS announced Wednesday that its Worldpay business will be the first payment firm to give global merchants the ability to receive settlements in USD Coin (USDC stablecoin cryptocurrency). That...
US Senator Patrick Toomey proposes a stablecoin regulation bill
The cryptocurrency regulatory framework in the US has been shifting over the past few months. Lawmakers have introduced several bills that seek to bring regulatory clarity to the buzzing industry. Sen...
Worldpay Plans to Offer Merchants Direct Settlement in Stablecoin USDC
NYSE-listed financial technology services provider, FIS today announced that the company’s Worldpay will offer merchants the ability to receive settlements directly in USDC, one of the world’s most va...
UN Refugee Agency Secures $2.5m in Stablecoin Donation for Ukraine
As the war in Ukraine continues to bear its toll, the USA for UNHCR, United Nations Refugee Agency, has received a donation of $2.5 million to support families that are most impacted by the ongoing cr...
Top US Lawmaker Proposes Sweeping Stablecoin Regulation Framework
Sen. Patrick Toomey (R-Pa.), the ranking member of the committee, announced the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022,” dubbed the Stablecoin TRUST...
Lightning Labs Raises $70 Million, Plans Instant Stablecoin Transfers for Bitcoin
The new Taro protocol basically is an infrastructure that enables the movement of assets over Lightning, be it stablecoins or other assets. On Tuesday, April 4, Lightning Labs announced raising $70 mi...
Lightning Labs Unveils Taro Stablecoin Protocol to ‘Bitcoinize’ the US Dollar – crypto.news
Elizabeth Stark, the CEO of Lightning Labs, announced the debut of Taro, a new Lightning Network protocol optimized for stablecoins. Additionally, Lighting Labs completed a $70 million Series B fundin...
UN agency accepts first stablecoin donations worth $2.5M to help Ukrainian refugees
The United Nations High Commissioner for Refugees (UNHCR), a UN agency for refugees, has accepted its first-ever crypto donations toward humanitarians aid for Ukrainians fleeing the war-torn nation. U...
Lightning Labs Launches Taro Protocol, Enables Instant Stablecoin Transfers Via Bitcoin Network
Lightning Labs, the Bitcoin infrastructure technology firm behind the Lightning Network, has announced the launch of Taro, a new protocol on top of the Bitcoin (BTC) network. The announcement was made...
Lightning Labs Plans Stablecoin Protocol on Bitcoin
Key Takeaways Lightning Labs has unveiled Taro, a new protocol aiming to allow bring stablecoin functionality to Bitcoin Layer 2. Lightning Labs CEO Elizabeth Stark has announced a $70 million Series ...
USDN: the failure of the algorithmic stablecoin
Neutrino USD (USDN) is an algorithmic stablecoin issued by the Neutrino protocol whose value is tied 1:1 to that of the US dollar. Or at least it should be. As can be seen from its price evolution, U...
CEO Behind $50 Billion Stablecoin Explains Why Not All Digital Dollars Are Created Equal
Circle CEO Jeremy Allaire Circle Financial Jeremy Allaire is CEO of Circle, one of the primary issuers of the dollar-pegged USD Coin, one of the fastest growing stablecoins in the world. With a market...
Waves Founder Accuses Alameda of Manipulation as Stablecoin De-Pegs
Waves founder and CEO Sasha Ivanov has accused Alameda Research of market manipulation after the price of the WAVES token slumped more than 45% in four days. The allegations come as Neutrino dollar, o...
US: stablecoin bill presented – The Cryptonomist
Congressman Trey Hollingsworth of Indiana in the House and Senator Bill Hagerty of Tennessee in the Senate, both from the Republican Party, introduced a new bill on Friday to regulate stablecoins in t...
Waves Stablecoin USDN Tumbles 10%, Founder Accuses Alameda of Price Manipulation
Neutrino, the algorithmic price-stable assetization protocol, serves as an accessible DeFi toolkit. It was built on top of the Waves blockchain and had managed to almost double its market cap in less ...
Terra Founder Addresses Concerns on Any Loss of Bitcoin Peg to UST Stablecoin
Terra’s parent entity Luna Foundation Guard (LFG) has been on a massive Bitcoin acquisition spree to peg BTC to its stablecoin UST. Terraform Labs founder Do Kwon recently said that he’s even willing ...
UK government tables stablecoin regulation discussions
TL;DR Breakdown • National Secretary believes it is time for the crypto trade to move forward.• Major agents in the UK government could regulate the Euro stablecoin. Recently the leading authority in ...
WAVES of drama & conspiracy: What happens when a stablecoin stops being stable
Stablecoins are meant to be. . .well, stable, but one such asset was bleeding out its value at the time of writing and may never be the same again. However, that’s only the first act. Behind this ex-s...
US lawmakers propose a bill to bring transparency to stablecoin reserves
Stablecoins have been a target for lawmakers and regulators in the United States. The two have debated the risks that stablecoins pose to the financial sector and the US dollar’s value. Two US lawmake...