2024-3-21 22:39 |
The fund was seeded with $100 million in USDC stablecoin using the Ethereum network, blockchain data shows. origin »
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BlackRock's venture into blockchain through the BUIDL fund, facilitated by Coinbase, offers investors a novel path to earn US dollar yields, underpinned by a significant stablecoin transaction, and backed by a consortium of leading financial technology firms.
2024-3-21 08:09 | |
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Investment management giant BlackRock (BLK) has launched a tokenized asset fund, as revealed in a filing with the U.S. Securities and Exchange Commission (SEC). The fund has been kickstarted with an initial deposit of $100 million in USDC stablecoin on the Ethereum Network, marking BlackRock’s foray into the world of tokenized investment vehicles. BlackRock partnership […]
2024-3-20 23:44 | |
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Tether’s (USDT) stablecoin supply has reached an unprecedented milestone, surpassing $84 billion for the first time. Data from CryptoSlate shows that USDT market capitalization has increased by around $1 billion during the last seven days amid the current market rally fueled by optimism surrounding the possibility of a Bitcoin (BTC) spot exchange-traded fund (ETF).
2023-10-24 16:30 | |
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2023-9-2 01:41 | |
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Stablecoins are making significant waves in the payments sphere, primarily as a vehicle for non-speculative transactions, according to a new report by European hedge fund Brevan Howard. In 2022, the stablecoin market settled an eye-watering value of over $11 trillion, drawing parallels to payments giant Visa’s annual figure of $11.
2023-8-28 21:49 | |
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Nonprofit organization Glo has announced the Aug. 2 launch of Glo Dollar, a regulated stablecoin with an ambitious goal: leveraging cryptocurrency yields to lift millions out of extreme poverty. CryptoSlate spoke with Jasper Driessens, Co-Founder of Glo, about the project’s goals and how it leverages traditional finance to fund a non-profit stablecoin.
2023-8-2 08:00 | |
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Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules.
2023-4-26 03:10 | |
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Tether, the trailblazing firm behind the world’s largest stablecoin, has allegedly pulled off a daring move by exploiting a loophole that granted it access to the coveted US banking system. As per insider sources cited by Bloomberg, Tether facilitated its clients’ fund transfers via Signature Bank’s payment platform, just as regulators were swooping in to […]
2023-4-5 15:15 | |
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At its inception, the defense fund will receive a budget of $5 million held in the DAI stablecoin.
2023-2-2 20:44 | |
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Decentralized investment platform, Ondo Finance, announced the launch of a tokenized fund, that will allow stablecoin holders to invest in US Treasuries and bonds.
2023-1-11 18:15 | |
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Circle Internet Financial has begun moving the reserves for its USDC stablecoin into a dedicated fund set up by BlackRock Inc. and registered with the U.S. Securities and Exchange Commission, the company disclosed Thursday.
2022-11-4 00:41 | |
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In an effort to prevent another stablecoin collapse and crypto contagion, the NEAR Foundation is taking measures to support holders of USN. The post NEAR Foundation Announces $40M Protection Fund for Scrapped USN Stablecoin appeared first on BeInCrypto.
2022-10-25 08:36 | |
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Texas state agencies are raising an objection to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new court filing.
2022-9-30 21:20 | |
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We’re in the midst of an intriguing cryptocurrency bear market, to say the least. The past several months provided high-profile collapses such as algorithmic stablecoin TerraUSD, crypto hedge fund Three Arrows Capital and more recently, crypto lender Celsius Network.
2022-8-23 16:25 | |
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Bitget’s reasoning behind using a combination of a stablecoin and Bitcoin in the protection fund is to counter massive unforeseen volatility in crypto markets.
2022-8-1 11:57 | |
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Polkadot parachains posted double-digit gains after partnership announcements, protocol integrations and a stablecoin development fund caught the attention of the crypto investors.
2022-5-26 00:00 | |
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South Korea is starting to turn the screws on Terraform Labs and Luna CEO Do Kwon as UST stablecoin saga takes another twist. The post Korea Turns Against Luna Head as Police Request LFG Fund Freeze appeared first on BeInCrypto.
2022-5-24 08:30 | |
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“UST will ultimately maintain its peg,” the hedge fund told partners Tuesday in a note obtained by CoinDesk.
2022-5-12 23:01 | |
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The Luna Foundation Guard (LFG) has bought another $1. 5 billion in bitcoin to boost reserves of Terra's UST stablecoin, with help from hedge fund Three Arrows Capital and crypto broker Genesis Trading.
2022-5-7 15:30 | |
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Developers of the fast-growing stablecoin UST say the coin's $1 value peg isn't "backed" by anything – just a blockchain-based algorithm. So why does it need a multibillion-dollar bitcoin reserve, in case of an emergency? How would that work?
2022-4-22 18:36 | |
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TiTi protocol announces a successful fundraising round of $3. 5 million, led by Spartan Group, with participation from SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution CapThe post TiTi Protocol secures $3.
2022-4-12 16:00 | |
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[Singapore], April 11, 2022 – TiTi protocol announces a successful fundraising round of $3. 5 million, led by Spartan Group, with participation from SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution Capital (4RCapital), Solidity Venture, and other institutions, as well as other individual investors including 0xb1 (Fold Finance), Tascha and Nipun (Alpha Venture DAO), […] The post TiTi Protocol secures $3.
2022-4-12 14:23 | |
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Manta Network has announced a partnership with several Polkadot parachain networks to create a $250 million aUSD Ecosystem Fund. The fund will support startups working on projects that support stablecoin use on the Polkadot (DOT/USD) or Kusama (KSM/USD) parachains.
2022-3-24 19:04 | |
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The fund will back companies with use cases for Acala’s aUSD stablecoin.
2022-3-24 19:01 | |
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Yet another stablecoin philanthropy initiative launched by Circle during the past year.
2021-12-17 00:30 | |
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Nigeria’s central bank digital currency project, eNaira, is drawing attention and interest of leading financial institutions and it also gaining traction amongst other country’s central banks looking to initiate a similar project according to a report released by the International Monetary Fund (IMF) eNaira to boost remittance The report, authored by economist Jack Ree, explained […] The post Nigeria’s eNaira stablecoin becomes focus of new IMF report appeared first on CryptoSlate.
2021-11-22 11:00 | |
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The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches.
2021-10-8 05:45 | |
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This week, AngelList introduced USDC enabled funds. The website for startups, angel investors, and job-seekers will now allow investors to invest in any USDC-enabled syndicate or fund through the stablecoin USDC.
2021-9-29 20:38 | |
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Soros Fund Management CIO Dawn Fitzpatrick explains why it is an inflection point for Bitcoin now, mentions gold and Chinese stablecoin DCEP as well
2021-3-26 10:49 | |
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PRESS RELEASE. Penjaga Lilin Nusantara, an Indonesian Cooperative in Malang – East Java is setting up Ricetron.com a Tron-based DeFi to tokenized rice-based stablecoin. The website aims to invite crypto enthusiasts to stake Tron and mint RET (Rice Economy Token), a governance token that will fund RIC (Rice Inventory Coin) stablecoin. RET token holders will […]
2021-1-20 09:00 | |
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The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology.
2021-1-19 14:37 | |
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The virtual event, which runs Oct. 19-22, brings together marquee names from Switzerland’s FINMA, Sweden’s Riksbank, Bank for International Settlements, the Commodity Futures Trading Commission and the International Monetary Fund to discuss stablecoin regulation, central bank digital currencies, the future of money and more.
2020-10-15 20:13 | |
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In a blog post this Wednesday, Coinbase Ventures, the investment arm of Coinbase, issued a ‘Request For Startups’ funding pool to pull developers to build USDC-backed projects. According to the statement, Coinbase is celebrating the latest milestone by USDC, a stablecoin built by Center, a collaboration between Coinbase and payments provider, Circle.
2020-9-17 17:30 | |
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Libra has not abandoned its original vision of launching a multi-currency backed stablecoin, according to the organization's Policy Director, Julien Le Goc. Speaking during the Global Digital Finance virtual summit on July 8, Julien noted that Libra's original vision, which draws inspiration from IMF special drawing fund, is still on course. “We’ve not abandoned the […]
2020-7-9 18:14 | |
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KR1, a blockchain and crypto-asset fund, announced today it has invested a total of $65,000 USD in the Acala Network project. KR1 took part in the Acala seed round and will receive a total of 866,666.
2020-3-27 00:00 | |
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Wisdomtree Investments, Inc. a heavyweight United States-based exchange-traded fund sponsor and asset manager with over $41 billion in asset under management, has announced plans to launch its own stablecoin.
2020-1-15 22:00 | |
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China has been making an effort to lead the blockchain revolution, with the country planning to launch its own state-backed stablecoin, for the same reason. However, it has discouraged the general pubThe post China's CSRC accepts application for listing an Exchange-Traded Fund appeared first on AMBCrypto.
2019-12-30 12:16 | |
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The cryptocurrency market is known for being extremely volatile, but stablecoins have helped to erase some of these concerns from investors. Equilibrium, a stablecoin issuers, decided to create more security for their EOSDT stablecoin, according to CEO Alex Melikhov.
2019-12-12 21:35 | |
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The Saga Foundation, a Swiss non-profit created last year dedicated to developing new technologies in open and decentralized software, is launching a new virtual currency called Saga (SGA). The token is connected to the International Monetary Fund’s (IMF’s) cash reserve that can initially only be owned by accredited and identified investors.
2019-12-10 21:00 | |
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Facebook’s Libra stablecoin, designed to facilitate international finance without the strains of government interference, has come under increasing pressure. This Friday, German Finance Minister Olaf Scholz added fuel to the fire, saying that Libra should be ‘prevented.
2019-10-20 17:20 | |
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As Central Banks across the world start looking into cryptocurrencies and DLT to see how feasible a fiat-backed digital currency would be, the IMF (International Monetary Fund) has now entered the conversation as well, publishing a blog post exploring the advantages of a privately issued stablecoin, one which is backed by central bank reserves.
2019-9-28 18:30 | |
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With the creation of the USDC stablecoin, Centre Consortium including Coinbase and Circle had strengthened their hold over stablecoins in the volatile market. Coinbase has now stepped up its efforts to encourage growth in the Decentralized Finance (DeFi) space after it announced the USDC Bootstrap Fund for supporting DeFi protocols.
2019-9-11 11:00 | |
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Tether, the famous stablecoin issuer, has recently decided to donate $1 million dollars to support the people who were affected by the Hurricane Dorian, which devastated the Bahamas and caused significant damage to some regions of the United States.
2019-9-10 21:14 | |
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USDX Wallet (a blockchain-powered app for quick transfers and with a stablecoin pegged to the U. S. dollar) has announced the fund withdrawal feature right in the app. Before that, USDX Wallet users could change USDX to other currencies only via crypto exchanges.
2019-8-14 18:10 | |
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Bitwise — a U. S. cryptocurrency index fund provider — recently released a study in which it claimed that Facebook’s upcoming stablecoin offering Libra has accelerated BTCs progress by a little over three years.
2019-8-3 18:40 | |
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The infamous Bitfinex-Tether saga is far from cooling down after the oldest stablecoin, USDT, recorded a series of unusual fund movements to unknown wallets from its treasury. Whale Alert, the ever-observant Twitter handle which tracks significant cryptocurrency transactions, reported another movement by the controversial Tether.
2019-6-10 19:45 | |
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Craig Wright, the controversial Bitcoin SV creator claiming to be Satoshi Nakamoto, accused crypto exchange Binance and stablecoin company Tether of funding prostitution and slavery. During the CoinGeek conference in Toronto, Wright said that 30 percent of “Binance and Tether money” is used to fund illegal operations such as prostitution and women in slavery.
2019-6-3 08:16 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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According to a recent report released by the Wall Street Journal a few days ago, Facebook is building a network of online merchants and financial institutions to accept its virtual currency. The largest social network around the world wants to raise $1 billion in funds in order to fund its stablecoin project called Project Libra. […]
2019-5-5 19:22 | |
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The tokenization platform is part of Tether's ambition to diversify its business from issuing the $126 billion USDT stablecoin.
The vehicle will focus on data center investments across the U.S, United Arab Emirates, Saudi Arabia, India, and Europe, claiming to be the "world’s first combined equity and debt tokenized fund."
Bitcoin is often referred to as "digital gold," but now it is possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol.
The likes of BlackRock and Franklin Templeton could see tokenized shares of their money-market funds pledged in trading after a major group under the aegis of the Commodity Futures Trading Commission (CFTC) approved guidelines for their use, Bloomberg reported on Thursday.
Visa Tokenized Asset Platform (VTAP) will enable the development of fiat-backed tokens powered by smart contracts.
The transaction was a milestone for Onyx and SWIAT, which are collaborating to develop digital asset issuance products on blockchain rails for commercial banks.
The Official Monetary and Financial Institutions Forum's digital assets report said that 92% of its respondents believe that financial markets will experience tokenization at some point.