In Brazil, the national CBDC, the Digital Real, will be used as collateral and backing for stablecoins launched by the country’s other banks. This was stated by the President of the Central Bank of Br...
Tag: Stablecoins
Checkout.Com Starts Accepting Stablecoins Payment, Providing 24/7 Settlement
UK-based payments solution provider Checkout.com announced on Tuesday the launch of its stablecoin settlement solution by using Fireblocks’ new crypto payment technology. With this access, Checkout.co...
Crypto Investors Find Safety In Stablecoins, Bitcoin, Ditch Altcoins
Bitcoin dominance is soaring as the overall crypto market bleeds. The current macro conditions have forced investors to take refuge in BTC and stablecoins. Related Reading | Glassnode: Bitcoin Long-Te...
A Step Forward In Crypto Adoption: Checkout.com Accepts Stablecoins
43 mins ago | 2 mins read Market News An online payments company allows merchants to settle payments in stablecoin. This feature enables merchants to pay using USDC. The firm plans to add a wide range...
Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins – Bitcoin News
The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Cent...
After Stablecoins, Is It The Turn Of Exchange Tokens?
The ongoing SEC probe on Binance’s BNB token could pave way for a larger regulatory move going forward. Last month, the catastrophic meltdown of the Terra network meant an ever growing regulatory pres...
Terra’s Do Kwon Few Months Ago: If You Keep Using Centralized Stablecoins They’ll Eventually Rug You, Use UST
– Advertisement – The new video clip shows Terra’s Do Kwon saying Stablecoins execute rug pulls months before the UST crash. The Terra community has been hounding Terra founder Do Kwon t...
New US Crypto Bill Leaked: Dogecoin Founder Says Bill Goes Hard After DAOs, DeFi, Stablecoins, And Exchanges
– Advertisement – Doge Founder Says Leaked Bill Goes Hard After Sh.t Tokens, DAOs, DeFi, Stablecoins, And Exchanges. The Crypto community tries to understand the repercussions as over 60...
Putting the ‘stable’ in stablecoins: How Djed & USDD are trying to make it big
The meaning of “Stable” in Stablecoins changed in the month of May with the depegging of Terra. The cryptocurrency market, clenched in bear claws, is still recovering from the unhealed wounds. Already...
What move is Japan’s Parliament taking now regarding stablecoins to safeguards investors?
Seems like the recent fall of the Terra (LUNA) ecosystem has acted as a wake-up call for authorities all over like in Japan, who are now seeking proper actions and regulations. As per the reports, the...
Key Takeaways from WEF 2022 on Crypto, Stablecoins, Larger Finance Industry
The WEF audience agreed on the need for investment portfolio diversification following the economic downturn. For the first time since the onset of the Covid-19 pandemic, the World Economic Forum (WEF...
USDC and USDT: The changing demography of stablecoins
TerraUSD’s depegging and eventual collapse sent shockwaves across the crypto market, and in the wake of its crash, other major stablecoins such as Tether (USDT) and USD Coin (USDC), and DAI witnessed ...
Japan’s Parliament Introduces Framework For Stablecoins To Protect Investors
According to Bloomberg, Japan’s parliament enacted a legislative framework surrounding stablecoins pegged to the yen or another fiat currency on Friday. This is a historic move. The bill makes it clea...
DeFi Project Spotlight: Frax Finance, a Sweet Spot for Stablecoins
Key Takeaways Frax Finance is an on-chain protocol that mints and manages the FRAX stablecoin. FRAX maintains its peg through a dual collateral-backed and algorithmic mechanism, making it more scalabl...
The Top 3 Stablecoins in 2022: Your Key To Success?
Stablecoins are an incredibly interesting asset in the crypto market in recent years. While cryptocurrencies at the beginning wanted to deliver a refined option to FIAT currencies through the blockcha...
Japan Passes Landmark Law Around Stablecoins to Protect Investors After Terra Debacle
Even before any other country could come out with legislation to regulate stablecoins, Japan became the first significant economy to pass such a bill for investor protection. Bloomberg reported on Fri...
Japan Adopts Legislation Establishing Legal Framework for Stablecoins – Regulation Bitcoin News
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collaps...
Japan Defines Stablecoins as Digital Money in New Bill
Japan is a step closer to regulating stablecoins as the country passes a new bill defining the status of such assets, Bloomberg reported Friday. This comes shortly after the recent TerraUSD (UST) cras...
Michael Saylor Predicts Bitcoin To surge 10x , Shares View on Stablecoins
According to Michael Saylor, Co-Founder of MicroStrategy Inc the crypto-market turmoil is “wonderful” for Bitcoin. The feverish price movement in the Bitcoin market does not appear to bother the execu...
Japan: new legal framework for stablecoins
In Japan, Parliament has passed a law clarifying the legal status of stablecoins, beginning to build the new legal framework for digital currencies that will come into effect within the next year. Ja...
Japan Reportedly Introduces a Bill Focused on Stablecoins in the Aftermath of LUNA’s Collapse
The Parliament of Japan reportedly passed legislation that will put stablecoins under enhanced scrutiny. The initiative aims to give local investors further protection when dealing with such assets. J...
What Terra Collapse Brought For Stablecoins In Japan, New Law Passed
The collapse of the Terra (LUNA) ecosystem continues to ripple across the crypto industry. This cryptocurrency and its algorithmic stablecoin UST lost over 99% of its value in less than a week, leavin...
Japan Passed Bill for Stablecoins to Protect Investors
6 hours ago | 2 mins read Altcoin News The bill does not address existing asset-backed stablecoins. Mitsubishi UFJ intends to launch its own stablecoin called Progmat Coin. On Friday Japan’s governmen...
These are the least ‘stable’ stablecoins not named TerraUSD
The recent collapse of the once third-largest stablecoin, TerraUSD (UST), has raised questions about other fiat-pegged tokens and their ability to maintain their pegs. Stablecoins’ stability in ...
Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender. The legal ...
Japan Approves Stablecoins As Digital Money, But There’s A Catch
Japan became the first country to pass a bill surrounding stablecoins as major economies around the world look to introduce regulation after TerraUSD (UST) crash. Japan’s Parliament on Friday signed a...
Bank of England Lambasts Stablecoins for Being “Unstable”
Yuri Molchan High-ranking executive of BoE has slammed stablecoins, saying they are not suitable for investors Contents Here’s what stablecoins lack, per BoE executive BoE wants to tighten crypt...
Co-Founder of USDT And ETH Do Not Believe In Algorithmic Stablecoins
2 hours ago | 2 mins read Markets TerraUSD’s failure has shattered the hopes of algorithmic stablecoins. Co-founder of Tether and Ethereum says the structure of UST is defective. The issuer of USDC st...
DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?
Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dol...
Tether co-founder says UST disaster spells doom for algorithmic stablecoins
? Want to work with us? CryptoSlate is hiring for a handful of positions! Tether (USDT) co-founder Reeve Collins believes the collapse of TerraUSD (UST) — since renamed TerraClassicUSD (USTC) — might ...
Stablecoins Dumped As Tether Founder Sees End Of Algorithmic Tokens
Stablecoins were under pressure after the crash of UST algorithmic stablecoin in mid-May. Tether co-founder Reeve Collins on Thursday said the UST collapse could mean the end of most algorithmic stabl...
TerraUSD Crash will Probably be the End of Most algorithmic Stablecoins – Coinpedia – Fintech & Cryptocurreny News Media
Stablecoins are cryptocurrency usually pegged to real-world assets, and were supposed to be pegged to the U.S. dollar. Whereas stablecoins like tether (USDT) coins are backed by real world assets like...