First Mover Asia: Binance’s USDC Swap Out Isn’t What You Think It Is; What's Behind Bitcoin's Late Dive?

The exchange is hoping to generate one big pool for USD stablecoins to be used for trading and powered by Binance’s USD stablecoin; bitcoin drops below $19K. дальше »

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First Mover Asia: Binance’s USDC Swap-Out Isn’t What You Think it Is; What's Behind Bitcoin's Late Dive?

The exchange is hoping to generate one big pool for USD stablecoins to be used for trading and powered by Binance’s USD stablecoin; bitcoin drops below $19K. дальше »

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Russia to Explore Cross-Border Stablecoin Settlements

Russia is considering stablecoins as an option for cross-border settlements, according to the country’s finance minister. Russia Could Use Stablecoins Russia could use stablecoins for international settlements. On September 6,... дальше »

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Russian gov't working on stablecoin settlement platform between friendly nations: State media

“Stablecoins can be pegged to some generally recognized instrument, for example, gold, the value of which is clear and appreciable for all parties involved," said Alexey Moiseev. дальше »

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Russia Exploring Stablecoin Settlements With Friendly Nations: Report

President Vladimir Putin had signed a law banning digital payments earlier this summer. дальше »

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Circle co-founder says converged dollar books on Binance would be good for USDC

The world's largest crypto exchange announced Monday it would cease trading support for USDC and auto-covert deposits to its own stablecoin after Sept 29. дальше »

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Circle CEO says Binance decision to stop USDC support is good as it increases utility

Circle CEO Jeremy Allaire said Binance’s decision to convert its users’ USD Coin (USDC) holdings to its Binance USD (BUSD)stablecoin is good. The post Circle CEO says Binance decision to stop USDC support is good as it increases utility appeared first on CryptoSlate. дальше »

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Binance, Issuer of Third-Biggest Stablecoin, to Stop Supporting Larger Rival USDC

Binance, the world's largest cryptocurrency exchange, has shaken up the vital stablecoin market, announcing it will automatically move customers' funds to its Binance USD (BUSD) token from alternatives including the larger USD Coin (USDC). дальше »

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Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC

Cryptocurrency exchange Binance is to convert its users' holdings in three major stablecoins - USDC, USDP and TUSD - into its own stablecoin BUSD. дальше »

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Tether (USDT) Seek Termination of Legal Firm Linked to Avalanche (AVAX)

Tether (USDT) has requested that Roche Freedman, the legal firm accused of holding a “secret pact” with Avalanche (AVAX), be terminated from a class action suit brought against the stablecoin issuer, citing a conflict of interest. дальше »

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House’s Stablecoin Bill May Face Fatal Delays for 2022 Progress

One of Congress’ most serious efforts toward stablecoin oversight may have hit an insurmountable snag as negotiations in the House Financial Services Committee drag out further than the calendar is likely to allow. дальше »

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XRP Ledger Might Have Its Native Stablecoin Soon: What is Stably USD (USDS)?

Mainstream stablecoin ecosystem Stably USD (USDS) partners with Ripple to release Dollar-pegged stablecoin on XRPL дальше »

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Stably to issue stablecoin on XRP Ledger

Web3 payment service provider Stably, who is based in Seattle, announced plans to start…

The post Stably to issue stablecoin on XRP Ledger appeared first on CoinJournal.

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Stablecoin wars heat up as USDC and USDT battle for market share

Since the Terra Luna crisis earlier this year, there has been a shake-up in the stablecoin ecosystem. The post Stablecoin wars heat up as USDC and USDT battle for market share appeared first on CryptoSlate. дальше »

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Is Tether caught in a FUD fiasco? WSJ report could give you a clue

Tether [USDT], one of the largest stablecoins by market cap, has been dominating the stablecoin space for quite some time. Even though Tether is crowned king of the stablecoin space, it has seen a lotThe post Is Tether caught in a FUD fiasco? WSJ report could give you a clue appeared first on AMBCrypto. дальше »

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First Mover Asia: Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K

Sasha Ivanov told CoinDesk the USDN model uses four tokens to supply liquidity and to help the stablecoin retain its $1 peg. дальше »

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Bybit expands spot USDC trading pairs as support for stablecoins grows

The crypto derivatives exchange has partnered with Circle to expand its suite of USDC offerings; traders will also have access to auto conversions between the stablecoin and U.S. dollars. дальше »

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MakerDAO’s Christensen Pushes “Endgame Plan” to Save DAI From Attack

The proposal addresses Rune Christensens previous concerns about authoritarian risks to MakerDAO protocol and the amount of USDC backing DAI. The Endgame Plan DAI cannot remain a stablecoin forever, according... дальше »

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Buterin makes the case for alternative stablecoin technology in high inflation environment

Vitalik Buterin said the cryptocurrency industry would benefit from developing new forms of stability away from dollar-pegged stablecoins. The post Buterin makes the case for alternative stablecoin technology in high inflation environment appeared first on CryptoSlate. дальше »

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Morgan Stanley Says Stablecoin Market Cap Is Contracting Again

The combined market capitalization of the two largest stablecoins, tether and USD Coin, has begun to fall again, a sign that quantitative tightening in the crypto financial system has resumed. дальше »

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Tether Hits Back at WSJ After Damning Report

Leading stablecoin issuer has played down accusations in recent report published by The Wall Street Journal дальше »

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Hubble Protocol Launches Kamino Finance To Optimize Yields for Solana Liquidity Providers

Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain.  Kamino Finance, launching initially on next-generation decentralized exchange (DEX) Orca, will allow users to earn higher yields in a fully automated way simply by depositing their crypto into vaults … Continued The post Hubble Protocol Launches Kamino Finance To Optimize Yields for Solana Liquidity Providers appeared first on BeInCrypto. дальше »

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Stablecoin Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves

Stablecoin issuer Tether has hit back at a Wall Street Journal article that claimed its balance sheet comprised of "unsafe assets." дальше »

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Stablecoin Issuer Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves

Stablecoin issuer Tether has hit back at a Wall Street Journal article that claimed its balance sheet comprised of "unsafe assets." дальше »

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South Korea Must Reverse Ineffective Ban on Crypto ICOs, Central Bank Says

The Bank of Korea says domestic companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas. дальше »

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USDC Releases Its Assets Reserves Report As Other Stablecoins Stumble

Stablecoin issuers have been under the radar over the quality of the reserves backing the tokens they issue. Circle Internet Financial LLC (Circle), the issuer of stablecoin USDC, has released its reserves report as of July 31, 2022. дальше »

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CryptoSlate Wrapped Daily: Fed’s Powell hawkish on inflation as BTC tumbles, Taliban ban crypto

The biggest news in the cryptosphere for August 26 includes Federal Reserve Chairman Jerome Powell’s indication that recovery from the burgeoning inflation levels is still far from being done, and another stablecoin losing its peg from the United States Dollar as the bear market continues. дальше »

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The Merge May Negatively Impact DeFi Protocols, Stablecoins: Report

The transition to proof-of-stake could decrease stablecoin values and shrink lending pools, according to a DappRadar report. дальше »

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Crypto Biz: Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway

Stablecoin issuers Tether, Circle and others hold more short-term U.S. Treasury Bills than Berkshire Hathaway.

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Waves-backed stablecoin USDN breaks peg again amid protocol upgrade

Algorithmic stablecoin USDN fell to $0.90, marking the fourth time that it failed to defend its dollar peg in 2022.

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Algorithmic Stablecoin USDN Falls From Dollar Peg as Liquidity Slumps

Algorithmic stablecoin USDN, which is designed to mimic the value of the U.S. Dollar, has fallen to $0.91. дальше »

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Singapore's Central Bank Asks Crypto Firms to Submit Business Data: Report

The move comes as the central bank is looking to bring in more safeguards for retail customers and a stablecoin regulation. дальше »

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Tether’s Tornado Cash Noncompliance Is Less Brave Than You Think

The world’s largest stablecoin issuer won't freeze tainted addresses, for now. дальше »

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Tether Won’t Freeze Tornado Wallets Unless Directly Ordered

Stablecoin firm Tether said today that it would not freeze Tornado Cash addresses without specific orders from law enforcement. Tether Has Not Received Freeze Orders Tether says it has not... дальше »

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Tether Sticks to Decision Not to Bar Tornado Cash Addresses

The stablecoin issuer sees a freeze of secondary Tornado Cash addresses as premature, and awaits more clarity from U.S. authorities. дальше »

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Want to Hodl USDC? Check These Indicators First To Ease Doubt

USD Coin (USDC), a stablecoin developed by Circle, has suffered a great deal from frequent price volatility in the cryptocurrency market. USDC signals drop recently due to massive sell-offs USD Coin exhibits extreme volatility USDC’s weekly mean transaction volume peaks at three-year high  In actuality, USDC whale addresses likewise appeared to be sending out signals that were identical. дальше »

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Tether may be in violation of US sanctions on Tornado Cash

Tether, the world’s largest stablecoin by market cap, may be in violation of United States Treasury sanctions on Tornado Cash, according to the Washington Post. The post Tether may be in violation of US sanctions on Tornado Cash appeared first on CryptoSlate. дальше »

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Here's the whale of it all for USDC holdings

Regular price swings in the cryptocurrency market have had a significant impact on USD Coin (USDC), a stablecoin developed by Circle. In fact, its whale addresses seemed to be flashing similar signalsThe post Here's the whale of it all for USDC holdings appeared first on AMBCrypto. дальше »

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After Celsius: How Crypto Lenders Can Improve Sustainability

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. дальше »

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EU Stablecoin Ban Would Cause “Extreme Volatility,” Lobbyists Warn

Blockchain for Europe and the Digital Euro Association have said that the ruling could cause extreme short-term volatility and a major outflow of crypto activities outside of the EU. Lobbyists... дальше »

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Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows

The total crypto market capitalization dropped to the $1 trillion support, and weak stablecoin demand and a largely absent funding rate reflect traders’ negative sentiment. дальше »

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Acala community okays burning billions of erroneously minted aUSD stablecoin

According to a news post by the co-founder of Acala Network, Bette Chen, the… The post Acala community okays burning billions of erroneously minted aUSD stablecoin appeared first on CoinJournal. дальше »

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Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin

A total of 3.022 billion aUSD were previously minted via a liquidity bridge glitch.

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Justin Sun claims algorithmic stablecoin USDD is safer, more secure than Terra’s UST

Justin Sun believes Tron-native stablecoin USDD is inherently safer and more secure than Terra’s UST. The post Justin Sun claims algorithmic stablecoin USDD is safer, more secure than Terra’s UST appeared first on CryptoSlate. дальше »

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Stablecoin issuers hold more US debt than Berkshire Hathaway: Report

Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s Berkshire Hathaway. дальше »

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Top Decentralized Stablecoin Fei (FEI) Might Be Shut Down Soon

Fei (FEI), one of largest decentralized stablecoins, might cease its operations: Fei Labs founder releases compensation proposal дальше »

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3 reasons why Bitcoin’s drop to $21K and the market-wide sell-off could be worse than you think

There are signs of further turbulence ahead. The absence of a BTC futures premium, $470 million in liquidations and excessive stablecoin lending all point toward new yearly lows. дальше »

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United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.” дальше »

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Huobi Global Provides Post-Mortem on HUSD Depeg

Huobi Global and Stable Universal have released statements explaining the reasons behind HUSDs 12-hour depeg. Liquidity Crisis Huobi Global has provided a short post-mortem on the HUSD stablecoin depeg. The... дальше »

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Tether’s total assets fell by over $15B in Q2: report

Tether’s total assets as of the end of the last quarter stood around $66. 4 billion, the USDT issuer said in its latest quarterly assurance report. The stablecoin issuer, whose USDT token is the largest and most widely used in the world, said accounting firm BDO Italia had completed this assurance opinion. дальше »

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