As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the ...
Tag: Stablecoin
New gold-based stablecoin by trading giant Mitsui reportedly on the way
Japanese trading house Mitsui is reportedly planning to issue a cryptocurrency pegged to gold, local news agency Nikkei Asia reported Friday. Called ZipangCoin (ZPG), Mitsui’s new digital currency wil...
Terra’s UST Becomes Default Stablecoin on Leading Avalanche-Based DEX
Alex Dovbnya Pangolin has made Terra’s UST its default stablecoin Pangolin, a decentralized exchange powered by the Avalanche blockchain, has made TerraUSD (UST) its default stablecoin. We’...
Why The US Is Taking So Long To Build A Digital Dollar
conceptual finance image of American one hundred dollar bill and binary code of one and zero getty What Happened On January 20th 2022, the US Federal Reserve Board released its initial concept paper f...
Millicent Stablecoin Platform Receives UK Government Funding: Details
Vladislav Sopov British DLT pioneer Millicent has been awarded R&D grant to advance the development of its digital finance network Contents Prestigious award for new-gen CBDC and stablecoin vision...
1inch rolls out new liquidity pools optimized for stablecoin swaps
advertisement 1inch, a decentralized exchange (DEX) aggregator, has announced the launch of a new investment tool called Earn. According to an announcement shared with The Block, Earn is a collection ...
The British Government is Funding Stablecoin and CBDC Research
Key Takeaways The U.K. has awarded one of its most prestigious R&D grants to distributed ledger technology company Millicent. Millicent is working on a project centered around stablecoins and CBDC...
Solana Pay: A Stablecoin Payments Fix For Merchants
Solana, being touted as the Ethereum killer, announced plans to add a payment method called Solana Pay to fix network congestion problems it has been facing. This service will allow direct use of doll...
Federal Reserve Bank of NY Lays Out Possible Stablecoin Scenarios
Because the stablecoins would effectively act like a pass-through central bank digital currency, their pegs – fixing the price to $1, for example – would come with guaranteed stability. In times of fi...
Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin – Bitcoin News
Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The paymen...
How Facebook’s ambitious stablecoin project came to an end
On Jan. 31, Meta, formerly known as Facebook, announced that it was pulling from its stablecoin project, Diem, formerly known as Libra. Intellectual property and other assets related to the operations...
After Purchasing Diem, Silvergate Capital Plans to Launch its Stablecoin
Speaking at a CNBC program, Silvergate Capital CEO Alan Lane noted on Monday that the organization will launch a stablecoin later this year. Silvergate Stablecoin Silvergate CEO Alan Lane’s revelation...
Mark Zuckerberg’s stablecoin project Diem officially shuts down
Meta, formerly branded as Facebook, has officially announced the closure of its digital currency project Diem after years of major efforts to move forward with the initiative. Announcing the news on M...
Circle’s USDC stablecoin gobbles Tether’s market share with 50B milestone
The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether. The stablecoin landscape is a constantly-shifting dynamic but ...
Bank that bought assets from Zuckerberg’s Diem plans to launch stablecoin
Silvergate Capital CEO Alan Lane told CNBC on Monday the bank holding company hopes to launch a stablecoin by the end of this year, following its acquisitions of assets and intellectual property from ...
Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase – Altcoins Bitcoin News
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest sha...
Terra’s Token Luna Plunges by 25% as Panic Around MIM Stablecoin Aggravates
Arman Shirinyan TIME, MIM and LUNA tokens and coins suffer from Wonderland drama Contents MIM funding issues Wonderland expels Sifu The previously market-leading token, Luna, has lost more than 25% of...
Why Celo launched an algorithmic stablecoin pegged to Brazil’s currency
Open-source blockchain Celo recently introduced a Brazilian Real-pegged, algorithmic stablecoin called the Celo Real (cREAL). Three crypto exchanges in Brazil will provide access to the cREAL stablec...
Goldman Sachs clears the air regarding the launch of its in-house stablecoin
JP Morgan Chase released its JPM Coin in 2020 Goldman Sachs wants to create its own cryptocurrency Previously, Goldman Sachs had no plans on issuing an in-house digital token Stablecoins furnished com...
Goldman Sachs clears the air regarding the launch of its ‘in-house’ stablecoin
Stablecoins provided corporations with the best of both worlds: a stable means of transacting fiat-based value on the blockchain. It’s no surprise that many major corporate conglomerates were investig...
Depegging for algorithmic stablecoin MIM a concern for many
Stablecoin depegging for MIM has raised serious concerns across the digital finance sector A loss of confidence is one of the reasons for the fall in value recently Individual traders may be losing ...
Users flock to Curve amid lack of stablecoin liquidity on major DEXs
In a Tweet posted by user @cryptotutor Friday, a screenshot appears to show a 27% spread between stablecoin Magic Internet Money (MIM) and USD Coin (USDC) trading pair on decentralized exchange, or DE...
Decentralized exchanges (DEXs) record a dip in the stablecoin liquidity
Users of decentralized exchanges have complained on Twitter about the increased spread between stablecoin swaps. This comes amidst increased staking into savings protocols due to the ongoing meltdown ...
Algorithmic Stablecoin MIM Losing Peg – Trustnodes
A dai like algorithmic stablecoin that is meant to equal $1, Mim, is seeing its peg come under pressure following a crash in the price of eth and many tokens. Unlike dai where you have plain eth or US...
DeFi Users Fret ‘Contagion’ Risk Amid Possible Stablecoin Depegging
A scandal has rocked investor faith in a popular stablecoin, and as users rush to exit, the clamor is threatening to throw the asset off its dollar peg. Even worse, however, some observers worry that ...
Diem Selling Assets to Silvergate for $200M, Ending Facebook’s Stablecoin Project: Report
In brief The Diem Association will reportedly sell off its assets and IP to Silvergate for about $200M. Facebook originally launched the stablecoin project as Libra in 2019. Facebook’s stablecoi...
Facebook Gives Up On Lofty Stablecoin Ambitions As Diem Sells Assets To Silvergate For $200 Million ⋆ ZyCrypto
Advertisement     Facebook’s ambitious cryptocurrency project has met an unceremonious end. Recent reports reveal the Diem Association will be selling the technology b...
Celo Launches a Stablecoin Pegged to Brazilian Real
TL;DR Breakdown Celo introduces cREAL as its third stablecoin, following from cUSD and cEUR. cREAL can be used to create CeFi and DeFi apps and services on the Celo blockchain. Brazilians are warming ...
Celo launches stablecoin pegged to Brazilian real
Celo (CELO/USD), a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users, has launched cREAL, a stablecoin pegged to the Brazilian real, CoinDesk reported. This is ...
Facebook Ditches Diem Stablecoin Plans in $200M Sale
Key Takeaways Anonymous sources have revealed that Facebook is selling the technology behind its Diem stablecoin. Silvergate Capital Corp has reportedly agreed to buy Diem for $200 million. The sale m...