Fresh on-chain data shows the world’s biggest Ethereum whales are turning their attention to a diverse array of altcoins in multiple sectors as ETH itself struggles on the price charts. The latest num...
Tag: Stablecoins
Fiat-Backed Stablecoins are the Only Safe Option: Here’s Why
Fiat-Backed stablecoins are a very different animal to CBDCs, says Bowen Zhou, the founder CEO of Moneta Digital. Speaking from my own opinion, I would like to tackle a few commonly chattered topics b...
A Chinese Alternative to Dollar-Based Stablecoins? Widening the Use of the CNH Presents Challenges; BTC Remains Above $20K
Ether, the second-largest crypto by market cap, was down about 2%, changing hands just above the $1,100 position it reclaimed late Sunday. Other major altcoins were mixed with FTT up over 9% at one po...
BIS Innovation Hub to create platform addressing collapse of stablecoins, DeFi lenders
The Bank for International Settlements (BIS) Innovation Hub on Friday revealed the first three projects of its forthcoming Eurosystem Centre. Eurosystem Centre will open locations in Frankfurt and Par...
So Stable! Stablecoins Now Hold Over 15% Of Crypto Market Share
The market value of stablecoins has been rising steadily in recent months. Amid a broader crypto market collapse, stablecoins gained further market share and now hold more than 15% of the total crypto...
Not So Stable Stablecoins – USDD Hits All Time Low
19 seconds ago | 2 mins read Altcoin News The stablecoins are going low and belong to their peg. The market cap of stablecoin as of now is above $150 billion. The stablecoins in the cryptomarket are i...
Fed Views Stablecoins as a Financial Instablity, Urges Regulators to Step in
The Federal Reserve published the latest “Monetary Policy Report” on Friday, categorizing the stablecoin industry – particularly the algorithmic stablecoins – as a risk of financial instability. Mean...
U.S. Federal Reserve Raises Concerns About the ‘Fragility’ of Stablecoins Amid Crypto Market Crash
The U.S. Federal Reserve is issuing another warning about stablecoins amid the current crypto market crash. In a monetary policy report sent to Congress, the Fed’s Board of Governors say recent strain...
Why do the US Federal Reserves think Stablecoins show the vulnerabilities of crypto?
The Board of Governors at the Federal Reserve claimed that stablecoins are under potential risk of financial instability given the volatility of the crypto market The US Federal Reserve System’s board...
Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD
A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and alleging that it failed to disclose its financial r...
Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve
The Federal Reserve’s board of governors pointed to stablecoins as a potential risk to financial stability amid a volatile crypto market. In its Monetary Policy Report released on Friday, the board of...
Market Crash? Use These 3 stablecoins During The Crash
Stablecoins are a bunch of cryptocurrencies that are playing an extremely influential role in the rising institutional adoption of cryptocurrencies. They defend investors with a stable exchange rate a...
A Guide to fiat pegged stablecoins
Stablecoin could be a term wont to describe a class of cryptocurrencies that are pegged to the worth of an order currency, resembling the U.S. dollar, to keep up a gradual value within the volatile wo...
‘You Don’t Get A Bottom Until…’—Dot-Com Billionaire Issues Stark Crypto Prediction As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin Go Into Free Fall
The crypto bleed-out continues. Over the past week, the bitcoin price lost about one-third of its value, hitting a low of just over $20,000, but then gained back 12% landing at $22,664 at the time of ...
South Korean Exchange Issues Warning on Tron and Waves’ Stablecoins
South Korea’s largest domestic crypto exchange has sounded the alarm over the de-pegging of Tron’s USDD and Waves’ Neutrino USDN stablecoins. Upbit exchange said: “At the moment, there is a situation ...
These Two Stablecoins Are De-pegging As Crypto Markets Crash
TRON’s newly launched stablecoin, USDD, and Waves’ USDN have both depegged amid the recent crypto crash. The two tokens have attracted increased after the recent collapse of TerraClassicUSD, given tha...
Bitcoin Crashes to $23,000, Two Stablecoins Lose Their Peg
Arman Shirinyan Digital assets market is struggling to exit death spiral fueled by inflation data and funds outflow Contents Stablecoins losing their peg Crypto market bloodbath One of the biggest sel...
What can other algorithmic stablecoins learn from Terra’s crash?
The spectacular implosion of the Terra ecosystem in mid-May left the crypto industry scarred. Though there were some brave critics who understood just how thin the razor’s edge was for TerraUSD (UST) ...
Nearly 75% of US Merchants Plan To Accept Crypto or Stablecoins Within Two Years, According to Deloitte Survey
Most merchants in the United States are laying the groundwork to adopt crypto in the near future, according to a new survey from accounting giant Deloitte. In a new study, Deloitte polled 2,000 senior...
Stablecoins are paving the way for mass adoption of crypto, June 2–8
Stablecoins are a controversial subject in crypto. Questioning the legitimacy and backing of Tether (USDT) is a right of passage for many entering the crypto market for the first time. The meltdown of...
Secondary Stablecoins Capitalized on Lapse of Tether (USDT) Peg
Secondary stablecoins were able to capitalize on Tether slipping from its peg, following the collapse of TerraUSD last month. On May 12, the largest stablecoin Tether briefly dipped from its $1 peg to...
Tether stablecoins now available on the Tezos blockchain ecosystem » CryptoNinjas
Tether.to, the company operating the blockchain-enabled stablecoin platform, announced it will launch Tether tokens on Tezos, the upgradable proof-of-stake (PoS) blockchain. “We’re excited to launch ...
New York DFS Rolls Out New Regulations for Dollar-Pegged Stablecoins
The New York Department of Financial Services (DFS) has released a new set of guidelines for regulated cryptocurrency firms with BitLicense, which issue U.S. dollar-backed stablecoins. Stablecoin Regu...
New York Finance Regulator Issues Fresh Guidance on Dollar-Backed Stablecoins
The New York State Department of Financial Services (DFS) released first-of-its-kind regulatory guidance for entities issuing U.S. dollar-backed stablecoins. The guidance outlines the “baseline criter...
Guidance for stablecoins from New York State
The New York State Department of Financial Services (DFS) has issued new Regulatory Guidance for stablecoins pegged to the US dollar. New York State releases stablecoin compliance guidance Dollar-pegg...
New York state releases guidance for issuing dollar-backed stablecoins
The New York State Department of Financial Services (DFS) on Wednesday released regulatory guidance for U.S. dollar-backed stablecoins issued by DFS-regulated entities. According to a DFS statement, i...
Senate Introduces A Game-Changing Crypto Bill As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin Turn Mixed
After last week’s rout, the crypto market turned mixed. The price of bitcoin gained 1.6% and ethereum’s price budged a few basis points higher this week. CardanoADA is up 22%, XRP 2.5% and solana 3.6%...
NYDIG Paper Claims Algorithmic Stablecoins Are Impossible And DeFi Too Risky
In “On Impossible Things Before Breakfast,” NYDIG uses the Terra/ LUNA collapse as a case study. The paper aims to prove that the algorithmic stablecoin concept is flawed in nature. It also takes aim ...
New York’s NYDFS Issues Guidance on Stablecoins
Key Takeaways The New York Department of Financial Services has published guidance for companies in the state that issue stablecoins. The guidelines describe acceptable backing assets, redemption time...
Regulador cripto de Nueva York publicó una guía formal para los emisores de stablecoins
De acuerdo con la guía del NYDFS, las stablecoins, cuyo valor está destinado a vincularse con el dólar estadounidense u otros activos, deben estar respaldadas por una reserva compuesta por letras del ...
New York’s financial regulator issues new rules for stablecoins
The New York Department of Financial Services (NYDFS) has published a formal guidance for stablecoins in the state, laying out strict demands for issuers around asset reserves. The new rules, released...