Aave Companies, the developer behind the Aave DeFi project, has launched the protocol’s native stablecoin called GHO on Goerli, an Ethereum testnet network, the team said on Thursday. Users wish...
Tag: Stablecoin
Cardano Djed Stablecoin Records 14,500% Growth in Unique Addresses: Details
Djed, an overcollateralized stablecoin built by the COTI network and Cardano builder IOG, showed the largest increase in unique accounts among Cardano dApps in the last seven days. According to statis...
Arbitrum Stablecoin Exploit Has Happy Ending: Funds Returned
A yield-automating protocol on Arbitrum was exploited over the weekend in an incident that boosted the hacker’s balance of their US dollar stablecoin Sperax (USDS). But in a plot twist, the team...
BIS To Launch Stablecoin Monitoring Project Amid CBDC Development
The Bank of International Settlement (BIS) has decided to expand its tentacles beyond the walls of central banks’ oversight and Central Bank Digital Currency (CBDC) development. The Swizz-based Bank o...
Arbitrum Stablecoin Exploiter Snagged $300K From 9.7B Token Boost
SperaxUSD, a yield automator on Ethereum layer-2 rollup Arbitrum, announced a user was able to explode the balance of their stablecoin tokens over the weekend. In a Twitter thread, the team said...
Djed stablecoin unique addresses rise 14,500% in a week
Just a week after its mainnet launch, the stablecoin Djed, created by the COTI network and IOG, a builder of Cardano, has experienced a substantial rise in the number of unique addresses. Cardano’s Dj...
BIS Project ‘Pyxtrial’ Developing Tool to Monitor Stablecoin Reserves
The Bank for International Settlements (BIS) plans to sharpen its focus on stablecoins and Central Bank Digital Currencies (CBDCs) in 2023, with the goal of “improving payment systems” and “securing t...
Tether (USDT): ultime news sulla stablecoin
Tether (USDT), the asset-backed cryptocurrency stablecoin, is among the three crypto companies that have pledged 5 million TRY to help Turkey after the earthquake. Joining it, Bitfinex, Keet and Synon...
Cardano (ADA) Price May Benefit From This New DJED Stablecoin Milestone, Here’s How
While Cardano (ADA) is caught up in the current bearish turn of the broader crypto ecosystem, it is primed to benefit from the recent milestone recorded by its latest stablecoin, DJED. Since the DJED ...
Bitrue Introduces Staking for Cardano Stablecoin DJED with 50% APY
The scheme also includes SHEN, the dedicated reserve currency for the stablecoin. Bitrue, a prominent Singapore-based cryptocurrency exchange, and financial products company, has introduced staking fo...
Stablecoin adoption could lead to DeFi growth, says Aave founder
Stani Kulechov, the founder of the decentralized finance (DeFi) protocol Aave, highlighted several issues within the DeFi space at the StarkWare Sessions 2023, held at The Cameri Theatre in Tel Aviv, ...
The Next Move For Visa: Stablecoin Settlement?
The world’s largest payment processor, Visa, shared new thoughts on developing stablecoin settlements on its platform. According to the presentation at Starkware Sessions 2023, Visa is planning to pro...
Visa Leads The Way In Financial Innovation With Blockchain & Stablecoin Settlements
VISA Inc. aims to transform the worldwide payment landscape and usher in a new era of financial innovation through the integration of blockchain technology and stablecoins into its platform. As the w...
VISA Working on Stablecoin Settlements on Its Platform
One of the world’s largest payments companies VISA Inc (NYSE: V) has started testing stablecoin settlements on its platform. Cuy Sheffield, VISA’s head of the crypto division confirmed the development...
Visa’s crypto strategy targets stablecoin settlements
Payment company Visa is seeking to build “muscle memory” around settlements, with plans to allow customers to convert digital assets to fiat currencies on its platform, according to a presentation fro...
Cardano’s Stablecoin Djed Reaches First Major Milestone: Details
Gamza Khanzadaev Cardano’s stablecoin Djed issuer COTI reports first major financial result The issuer of the first overcollateralized stablecoin on Cardano, COTI Network, has reported receiving...
EU Stablecoin, Binance Card, And More
The crypto market appears to be recovering, and the gradual upward movement has increased investors’ hopes. Let’s find out more. Bitcoin In a recent SEC filing, the electric vehicle manufactur...
Cardano-Based DJED Stablecoin Falls Below $1, Here’s Why
Arman Shirinyan Price fluctuations of newly released stablecoin are raising some concerns, even among Cardano investors Things have not gone exactly according to plan as the recently launched DJED sta...
Sperax USD stablecoin reportedly hacked for $250,000
On Feb. 4, a Twitter user, Spreek, notified the community that Sperax USD (USDs) appeared to have been exploited, losing $250,000. Per his analysis, the attack drastically inflated the supply of USDs ...
Stablecoin Dominance Ready to Strike Down- Will the Bullish Continuation for the Crypto Prevail?
The stablecoins like USDT, USDC, etc experienced a wider adoption throughout the year 2022 as the bear market restricted the rally to a large extent. However, as 2023 began with a kickstart of giant p...
Just four men controlled 86% of stablecoin issuer Tether Holdings Limited
According to data obtained by The Wall Street Journal in connection with investigations being carried out by authorities in the United States, as of the year 2018, only four people owned 86% of the st...
Finnish Fintech Company Launches Euro Stablecoin on Ethereum
The company claims EUROe is the first regulated stablecoin in Europe. According to a recent announcement, Membrane Finance, a Finnish fintech company, has launched a fully-reserved euro stablecoin on...
Over 1.85M Cardano Stablecoin Djed Minted and 40K Burned in Less Than 2 Days After Launch
COTI shares exciting details about DJED’s progress. COTI Network, the official issuer of Cardano’s Djed stablecoin, has shared details about the progress of DJED. According to COTI, the ADA-backed st...
Finnish firm launches fully-backed and regulated Euro stablecoin
Enabling near-instant payments at a fraction of cost, the EUROe stablecoin is the first such to be regulated as an electronic money institution across Europe. On Thursday, Helsinki-based fintech compa...
CZ says stablecoin regulation will boost adoption
Due to the potential of stablecoins in managing inflation, the algorithmic dollar-pegged digital assets have come under solid regulatory focus, especially after the devastating Terra’s algorithmic sta...
Cardano-Backed Stablecoin Djed Collected Almost 28M ADA Tokens
Djed is the first over-collateralized ADA-backed stablecoin contract that is developed on the Cardano network. At present, Djed has 28 Million ADA tokens as reserve backing and a reserve ratio of 620%...
The new stablecoin Djed lands on Cardano
A very few days ago the new Djed stablecoin was launched on Cardano. Congratulations to the team @COTInetwork on the launch of #DJED #Shen today and another great step forward in the continuing evolut...
Cardano Stablecoin DJED Now Featured on CoinMarketCap and Coingecko
DJED and SHEN are now listed on CoinMarketCap and Coingecko COTI Network has announced that Cardano stablecoin DJED and its reserve token DJED are now featured on two prominent cryptocurrency aggregat...
Cardano-Based Djed Stablecoin Attracts Over $27M ADA As Reserve
The Cardano-based Djed stablecoin (DJED) has attracted over 27 million ADA tokens as reserves in less than a day after its launch. Djed went live on Tuesday and had a collateral backing ratio of 600%...
Binance CZ says stablecoin regulation would boost adoption
Binance CEO Changpeng Zhao (CZ) said that stablecoin regulation could help accelerate its adoption, according to a Feb. 1 Twitter thread. CZ pointed out that stablecoins are under strong regulatory fo...
Cardano Unlocks Huge Realms After Launch Of Long Anticipated ADA-Backed Stablecoin ⋆ ZyCrypto
Advertisement     The Cardano community is expressing collective excitement following the launch of the highly awaited ADA-backed stablecoin Djed. Thanks to the collec...