Advertisement     Terra’s UST, since its launch, has been the center of much attention as the crypto world remains divided on the feasibility of the initiative. With r...
Tag: Stablecoins
Algorithmic Stablecoins are Coming Under Scrutiny from Policy-Focused Intellectuals
Washington’s political intellectuals are now turning to CBDC’s topic and the stablecoin policy of US Capital. The President’s working group is focusing hard on making this a top priority legislative i...
What Terra’s Meltdown Means for Centralized Stablecoins Tether and USDC
As the market panics over the implications of Terra’s UST losing its dollar peg, questions have been raised about its asset-backed stablecoin competitors, Tether and USD Coin. Tether (USDT) and USD C...
Federal Reserve Says Private Stablecoins Vulnerable to Runs in New Report
The U.S. Federal Reserve is voicing concerns about the viability of cryptocurrency stablecoins and is suggesting the utility of government-backed alternatives. In a wide-ranging report discussing fina...
Federal Reserve says stablecoins are ‘prone to runs’ in new financial stability report
The US Federal Reserve has spotlit the risk of market runs on stablecoins in a newly issued report. In a May 9 report on financial stability, the Fed emphasized stablecoins alongside certain money mar...
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation – Bitcoin News
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions...
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation – Coinotizia
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions...
Terra’s LFG To Provide $1.5B In BTC And UST To OTC Traders: To Protect Stablecoin’s Peg
The LFG has signified that it would lend out BTC and UST to protect the stablecoin’s peg to the dollar. Recently the UST saw an attack that led to the de-pegging for a brief duration. You ...
Crypto Exchange Binance Suspends Withdrawal of Terra (LUNA) and UST Stablecoins
The UST stablecoin de-peg with the U.S. Dollar has created a storm on Satoshi Street. Earlier today, the UST price dropped to a low of $0.60 de-pegging by a staggering 40% from the Dollar. This has re...
Cardano and IOST are ready to launch algorithmic stablecoins- will overcome three major issue
The concept of algorithmic stablecoins has recently sparked a lot of discussion in the crypto community, with Terra’s UST at the forefront of many discussions. The approach appears to have found suppo...
Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity – Bitcoin News
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down t...
Luna Foundation to Loan $1.5B in BTC and UST to Defend Stablecoin’s Peg
This isn’t the first time UST has lost its peg. But the controversial algorithmic stablecoin de-pegged yet again just days after the Luna Foundation Guard (LFG), the organization backing it, purchased...
Crypto Brings Transparency, But Crypto Reporting Needs To Catch Up
Getty getty Bitcoin BTC and other cryptocurrencies might have started the conversation around the concept of blockchain and crypto for enterprises, but during the last several years the number of orga...
Tron’s foray into algorithmic stablecoins has had this effect on TRX
A wise man once said “Algorithmic stablecoins are fast becoming the norm – protocol-issued dollars coming to every blockchain.” Like a self-fulfilling prophecy, two days ago, Tron launched its USDD al...
Cardano Set to Onboard Game-Changing Algorithmic Stablecoins, Rivaling Terra’s UST ⋆ ZyCrypto
Advertisement     The concept of algorithmic stablecoins has recently created quite a buzz in the crypto space with Terra’s UST at the center of many chatters. It appe...
3 Stablecoins Positions in Top 10 Crypto Economy’s, TerrsUSD (UST) Enters 10th Position
Since March 27, more than 21% of the fiat value of digital currencies has been chopped. While all crypto assets have lost around 0.8 percent in the previous 24 hours, bitcoin has lost 9.4 percent sinc...
3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining – Markets and Prices Bitcoin News
The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% i...
The Australian Dollar Has Been Rocked By That Of The Introduction Of The A$DC Stablecoins Through The ANZ Bank
ANZ may not be the only bank to get a widespread blockchain moments, as NAB executive for technology as well as alliances Howard Silby remarked as during Australian Blockchain Week conference local ba...
TrueUSD Names Five Banks Holding the Stablecoin’s USD Reserve
TUSD is currently in collaboration with five banks. Partner banks provide a safeguard for TUSD’s asset security. TUSD is now audited by auditing firm Armanino. Stablecoin TrueUSD (TUSD) named five of ...
After UST’s success, a new race for L1 stablecoins is here
The demand for efficient money markets is so high that not even the inflation rate at 8.5% is diminishing it. That’s by how much the dollar lost its purchasing power compared to a year ago. Yet, stabl...
First Cardano-Based Stablecoins Are Already Available via DeFi Platforms: Here’s How
Arman Shirinyan While Cardano community awaits stable solutions on the network, you can already access them via bridges Cardano-based stablecoins were long-awaited by a community interested in the eco...
A Bipartisan Measure Would Grant The Commodity Futures Trading Commission (CFTC) Power For Exchanges As Well As Stablecoins
The bill will need to go before the Agriculture Committee for a hearing. If the bill passes the House, it will be considered by the Senate Agriculture Committee. Republican Representatives Glenn Thomp...
What Happens if Stablecoins Win?
Today, most stablecoins track the value of fiat currencies but we might see the adoption of coins pegged to valuable assets like gold. These might, in reality, prove to be the best for when “paying wi...
Stablecoins could undermine the Hong Kong dollar
The city financial Authority (HKMA) has warned that stablecoins may undermine the Hong Kong dollar. A recent free discussion paper concerning its retail financial organization’s digital currency, e-HK...
Stablecoins Need to Set a Common Standard, Says US Banking Watchdog
“To ensure that stablecoins are open and inclusive, I believe a standard-setting initiative similar to that undertaken by [the Internet Engineering Task Force] and [World Wide Web Consortium] needs to...
OCC Chief Says Stablecoins Need Common Standard
Key Takeaways The Office of the Comptroller of the Currency has said that stablecoins need a common standard. He claimed that stablecoins should be interoperable with each other. He harkened the curre...
New Bill Could Grant SEC Control Over Certain Stablecoins
Key Takeaways U.S. Representative Tom Emmer has drafted a bill that could give the SEC jurisdiction over certain stablecoins. The bill concerns dividend-paying stablecoins and would allow the SEC to c...
Blindex Launches Two New Stablecoins on The Rootstock Ecosystem
Blindex, a producer of multi-currency stablecoin algorithms, is also one of the latest protocol developers integrating its protocols with RSK by launching two algorithmic stablecoins to the ecosystem,...
Afghans seeking to safeguard their wealth but considering stablecoins instead of bitcoin; Why?
To keep their wealth and resources safe from the Taliban, citizens of Afghanistan procured a way of using digital assets. Amidst this time when cryptocurrencies and digital assets are gaining wide acc...