The past week in crypto was busy with news across beats. Ethereum’s Bellatrix upgrade, Binance’s BUSD push and the White House’s call for crypto mining standards were some of the wee...
Tag: Stablecoins
LUNA’s price more than triples within 24, market cap sees 209% increase
The collapsed cryptocurrency LUNA, governance token of the Terra ecosystem, has more than tripled within the past 24 hours. The performance of Terra (LUNA) according to the crypto price tracker Trad...
What Are Decentralized Stablecoins, and Why Might We Need Them?
Stablecoins are an essential part of the modern crypto scene: from newbie traders and holders with diamond hands to experienced DeFi fans (“degens”) and GameFi enthusiasts, everyone needs ...
‘We need legislation’ on stablecoins
Stablecoins should be “appropriately regulated” to play a role in the financial system, Federal Reserve Board Chair Jerome Powell said on Thursday. “We need legislation on this,” Powell said. “There i...
Russia Wants to Use Stablecoins to Get Around Western Sanctions
Russia is advancing its crypto strategy to circumvent Western sanctions. Deputy Finance Minister Alexey Moiseyev today said the country is exploring stablecoins to make payments with “friendly countr...
Binance Pulling Support of USDC, Converting Several Stablecoins to BUSD
Binance, the world’s largest cryptocurrency exchange by volume, announced today that it would begin auto-converting existing and new deposits of USDC, USDP, and TUSD stablecoins into its native ...
Why Binance Is Booting USDC, Two Other Stablecoins Out Of Exchange In Favor Of BUSD ⋆ ZyCrypto
Advertisement     Binance, the world’s largest cryptocurrency exchange by trading volume, recently shocked the crypto community when it announced that it would cease t...
Binance to forcibly liquidate major stablecoins — but not Tether
Binance has announced that it will forcibly convert third-party stablecoins USDC, USDP, and TUSD into Binance’s own stablecoin, BUSD. After its mandatory liquidation date of September 29, USDC, USDP, ...
Russia Explores Stablecoins for Settlements With Friendly Nations – Finance Bitcoin News
Russia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled. The news comes after key institutions in Moscow ...
Russia Working With Several Friendly Nations on Cross-Border Settlements in Stablecoins
Russia is working with several friendly unnamed nations to develop bilateral platforms for cross-border settlements in stablecoins, according to a report by Russian media TASS, citing a statement from...
Russia Seeks To Use Stablecoins For Cross-Border Settlements
According to reports, Russia’s Finance Ministry has started collaborating with “friendly” governments to create a cross-border stablecoin-based payments platform. Russia To Turn To Stablecoins Accordi...
Binance delists major stablecoins in favor of BUSD but here’s the catch
In a recent announcement, Binance stated that existing USDC, USDP and TUSD balances in user accounts will be delisted on 29 September. These balances on user accounts will be then automatically conver...
Russia to settle cross-border payments using stablecoins
Deputy Finance Minister Alexey Moiseyev has confirmed that Russia is working with crypto-friendly countries to facilitate cross-border payments using stablecoins as sanctions from U.S and U.K. mount, ...
Binance Boosting BUSD Stablecoin by Ditching USDC and Two Other Major Stablecoins
Crypto exchange Binance has announced that it will automatically convert user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and TrueUSD (TUSD) to Binance USD (BUSD) at a 1:1 ratio on...
Ambire’s Ivo Georgiev Talks Future of Ethereum and Stablecoins
Episode 7 of Ambire Wallet’s Twitter Spaces brings an outlook on the Ethereum space and the role that stablecoins will play in the future. That’s right, Ambirers, our short break is over and we’re bac...
Much Crypto Data Is ‘Fake’— Groundbreaking Study Issues Dire Warning As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Shiba Inu, And Dogecoin Crash
MIAMI, FLORIDA – APRIL 8: A bitcoin logo is seen during the Bitcoin 2022 Conference at Miami Beach … [+] Convention Center on April 8, 2022 in Miami, Florida. The worlds largest bitcoin co...
FASB crypto accounting rules to exclude NFTs, some stablecoins – WSJ
The Financial Accounting Standards Board (FASB) will not include NFTs and some stablecoins in its crypto accounting review, The Wall Street Journal reported on Aug. 31, citing sources. According to th...
FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins: Report
FASB did not name specific crypto assets that would be excluded from the rule. But it said the digital assets addressed by the rule would include those that are intangible, don’t carry contractual rig...
TRON Founder Thinks USDD is Better Than Other Stablecoins
Establishing On-Chain Decentralization According to Justin Sun, the founder of TRON, the introduction of Tron’s new stablecoin, Decentralized USD or USDD, combines the finest features of rival s...
Province of Mendoza to Accept Stablecoins for Tax Payments
The fifth most populous province of Argentina will now accept cryptocurrencies, especially stablecoins, for tax payments, according to the Mendoza Tax Administration (ATM). Mendoza province will allow...
Ethereum Merge may Affect Stablecoins and DeFi- Reports Claims
DappRadar reports claim red alerts for Stablecoins and DeFi after Ethereum Merge. The Ethereum Merge is Likely to happen in mid of September. DappRadar is a decentralized application mentioned in i...
USDC Releases Its Assets Reserves Report As Other Stablecoins Stumble ⋆ ZyCrypto
Advertisement     Stablecoin issuers have been under the radar over the quality of the reserves backing the tokens they issue. Circle Internet Financial LLC (Circle), ...
Ethereum Merge Could Affect Stablecoins & DeFi Protocols, Says Report
Ethereum’s transition to a proof-of-stake (PoS) network could affect DeFi protocols and stablecoins running on the blockchain network, DappRadar revealed in a new report. According to the report, the ...
The Ethereum Merger Might Have a Negative Impact on DeFi and Stablecoins! Here’s Why
The highly awaited merger of Ethereum will be launched on 6 September with the Bellatrix update. It will mark the official transition to a proof-of-stake consensus mechanism as it will be activated on...
Ava Labs President John Wu: Money will soon flow from stablecoins into Bitcoin
Ava Labs President John Wu believes the crypto market could see fresh upside pressure even if central bank interest rates go higher and stay elevated over coming months. He also says a lot of the mone...
‘Little Evidence’ Of Easing Inflation—the Fed Triggers Massive Crypto Liquidations As the Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, Shiba Inu, And Dogecoin Crash
Chairman of the Federal Reserve nominee Jerome Powell Getty Images Crypto has been on one hell of a rollercoaster lately. Since the end of July, the crypto market attracted $200 billion and grew to a ...
EU Crypto Lobby Fights MiCA Limits on US Dollar Stablecoins
Crypto lobby associations are seeking clarity from EU legislators over incoming restrictions on foreign-dominated stablecoins Euro-backed stablecoins are not yet an alternative as they represent a tin...
Largest Stablecoins On Spot Exchange Reserve Drops
The stablecoins inflow and reserves on exchanges have reportedly dropped significantly as the crypto market recovered from the recent collapse. However, the whale wallet stablecoins holding has also d...
Latest Tether disclosures show $28.9 billion in US Treasury bills
Stablecoin issuer Tether on Friday published results of its latest quarterly assurance opinion, completed by public accounting firm BDO. A quarterly assurance opinion is a method used by stablecoin is...
United Texas Bank CEO Suggests Granting the Issuance of US Dollar-backed Stablecoins to Banks
Chief executive officer of United Texas Bank, Scott Beck, has asked members of the state’s blockchain working group to propose a policy for letting banks supervise stablecoins instead of the crypto fi...
United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’
Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s blockchain working group to recommend policy for leaving stablecoins to banks rather than crypto firms. Speak...