Tether Market Cap Jumps $1 Billion in Just 9 Days

Perpetual Growth The US dollar-pegged stablecoin Tether (USDT) grew once again over the last week. While the company claims that each USDT is backed 1-to-1 by a US dollar, it has come under scrutiny in the past. дальше »

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EURST Stablecoin – Reinvention of the European Economy

Over the years, we have been introduced to a digital transformation, which has created and shaped communities around the world. Digital technologies have introduced newly evolved ways of how the world interacts, operates, and most of all, conducts exchanges. дальше »

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$100M In Crypto Loans Liquidated On Compound After ‘Bizarre’ 30% Spike In DAI Price

Almost $103 million in loan collateral has been liquidated on Compound Finance, a DeFi lending and borrowing platform, over the last 24 hours after a price spike on DAI stablecoin on Coinbase. According to data aggregator, LoanScan, a further $7. дальше »

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Facebook to Reportedly Roll Out Libra Dollar-Backed Stablecoin in January 2021

Facebook’s long-awaited Libra might just see the light of day following reports that the first dollar-backed stablecoin could launch in January 2021. However, the launch date would be determined by an approval from the Swiss financial regulator. дальше »

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Facebook’s Libra To Go Live As Early As January 2021 As A Dollar-Backed Stablecoin

Despite Facebook’s various obstacles, the social media giant is set to finally launch its digital currency. According to reports, the much-anticipated Libra currency might launch as soon as January 2021, but in a more reduced capacity than the original ambitious model. дальше »

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Increased Dai price allowed Compound (COMP) liquidator to earn $4 million

The last week or so brought a major price increase for the cryptocurrency market, even allowing Bitcoin to hit $19. 1k for a brief moment. However, Thursday, November 26th, started a strong correction that caused many coins to lose as much as 10% of their value, which also had significant consequences on the stablecoin markets. дальше »

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Facebook’s Libra to Launch Dollar-Pegged Stablecoin in January

Facebook’s Libra digital currency project may finally hit the ground running in January 2021 with the launch of a dollar-pegged stablecoin. The single digital currency pegged to the dollar is a far cry from the ambitious plans first introduced back in 2019. дальше »

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Facebook’s Libra to reportedly launch in January 2021 as USD stablecoin

Libra will initially be pegged to just one fiat currency.

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Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report

Libra might eventually get off the ground as early as January albeit in a more limited format. дальше »

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$100 Million Liquidated on Defi Protocol Compound Following Oracle Exploit

Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin. дальше »

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USDC Facilitates The Distribution of Donations in Venezuela

Opposition leaders in Venezuela have joined forces to skirt Maduro’s controls and allow medical health workers in the country receive donations in crypto tokens, a Fox News report on Dec 25 shows. The USDC Distribution Initiative In a ravaged economy, opposition leaders are now uniting under the “Stablecoin Solution” initiative. дальше »

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Libra Association appoints former OCC prosecutor as general counsel

The Libra Association, the body that manages Facebook’s Libra stablecoin project has hired Saumya Bhavsar, an ex-OCC prosecutor and central bank expert. The organization unveiled this news via an official announcement on November 25, noting that Bhavsar will take on the role of general counsel of Libra Networks, a subsidiary of the Libra Association, which operates the blockchain-based Libra payment system. дальше »

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BIS Says CBDCs Likely Better than Private Stablecoins Like Libra

The Bank for International Settlements is the latest major financial organization looking to implement industry-standard regulations in the stablecoins arena. Meanwhile, several nations are also working towards creating their own central bank digital currencies (CBDCs) which are seen by some commentators as being driven by private stablecoin projects like Facebook’s Libra. дальше »

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BIS Report Proposes “Embedded Supervision” for Stablecoins

The paper, published on Nov 24, cites the potential of Facebook’s Libra stablecoin to become a de-facto global currency. This, they say, is evidence that regulators must accept the inevitability of stablecoin adoption and find new ways to carry out their functions. дальше »

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Quant Analyst: Surging Stablecoin Supply To Drive Unprecedented Bitcoin Buy Pressure

As Bitcoin soars toward a new all-time high and has recaptured the interest of the world of finance, a sizable supply of liquidity is building on exchanges, not in BTC, but in stablecoins. The rising supply alongside surging crypto valuations suggests that the recent rally is “liquidity-driven,” according to one cryptocurrency quantitative analyst. дальше »

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BIS Paper Says There’s Potential to Embed Regulation Into Stablecoin Systems

The need to regulate global stablecoins like libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper. дальше »

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Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI

Decentralized finance (defi) protocol Pickle Finance was hacked for $19. 7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling from $23. дальше »

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Aquaculture Firm Completes Australia’s First IPO Raise Using Cryptocurrency

Almost 90% of West Coast Aquaculture's $3.6 million capital raise was via the stablecoin tether. дальше »

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Depending on this metric, Bitcoin may be due for a correction!

With Bitcoin and most of the market's altcoins rallying in the backdrop, the Stablecoin Ratio seems to be highlighting the rise of sell-side pressure. At the time of writing, Bitcoin was trading at $1The post Depending on this metric, Bitcoin may be due for a correction! appeared first on AMBCrypto. дальше »

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Circle’s USDC Stablecoin Being Used to Help Venezuelans Tackle Hyperinflation

Circle, the payments fintech startup is working closely with those in power. Helping the Needful with USDC US dollar-pegged stablecoin, USDC issuer, Circle is working with the US government to circumvent Nicolas Maduro and directly support the Bolivarian Republic of Venezuela led by Juan Guaido. дальше »

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USDC’s ‘Breakthrough’ Use-Case, US Govt. to Distribute Aid to Venezuela via the Stablecoin

With the support and licensing from the US Government, Circle is providing foreign aid through the USDC stablecoin to the people of Venezuela. Circle said, “While this may be the first time, it will no doubt not be the last as global stablecoins firmly arrive on the world stage as a foundational infrastructure in the […] The post USDC’s ‘Breakthrough’ Use-Case, US Govt. дальше »

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Circle Using USDC Stablecoin to Aid Venezuela Crisis

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Coinflex Launches Noncustodial Interest-Bearing Stablecoin on BCH and ETH Networks

The cryptocurrency exchange Coinflex has announced the launch of a unique interest-bearing stablecoin called Flexusd. The new stablecoin is considered to be the first dollar-backed crypto that pays interest at the base level. дальше »

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Origin Defi Protocol Suffers Massive Flash Loan Attack- OUSD Stablecoin Value Plunges 85%

The OUSD stablecoin issuer, Origin Protocol is the latest Defi protocol to fall victim to a flash loan attack. The attack, which occurred in the early hours of Tuesday, on November 17, resulted in the disappearance of tokens worth millions of dollars. дальше »

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Flash Loan Attack Dupes Origin Protocol of $7 Million Funds, Investigation Underway

Another week, another flash loan attack on a yield-generating blockchain protocol. Origin Protocol Compromised In an announcement made earlier today, the Co-Founder of Origin Protocol, Matthew Liu told the Origin community that Origin Dollar (OUSD) – the yield-generating stablecoin on the protocol – had been hacked. дальше »

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Origin Dollar loses $7M in latest hack

Stablecoin project Origin Dollar revealed that it has suffered a flash loan attack and…

The post Origin Dollar loses $7M in latest hack appeared first on Coin Journal.

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Origin Dollar Loses $7 Million in Flash Loan DeFi Exploit

The Origin Dollar stablecoin (OUSD) has been exploited and the team behind the project has revealed a loss of at least $7 million. As reported by BeInCrypto in September, Origin Protocol launched the OUSD stablecoin to allow holders to earn yields without depositing large amounts of collateral. дальше »

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Yield-generating stablecoin project Origin Dollar exploited for $7M

Origin Protocol has announced its yield-generating stablecoin protocol, OUSD, has been hacked and drained of at least $7 million

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Origin Protocol Loses $7M in Latest DeFi Attack

Stablecoin project Origin Dollar (OUSD) sustained a re-entrancy attack at 00:47 UTC Tuesday resulting in a loss of funds worth $7 million. дальше »

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Binance removes trading pairs including UK Pound stablecoin BGBP

Major Cryptocurrency exchange Binance announced that it would now discontinue its own BGBP stablecoin, which was linked to the pound sterling. Other than removing the BGBP/USDC pair, the exchange saidThe post Binance removes trading pairs including UK Pound stablecoin BGBP appeared first on AMBCrypto. дальше »

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Binance Discontinues UK Pound Stablecoin Calling It Just an ‘Experiment’

The exchange is discontinuing its own BGBP stablecoin, an "experiment" that obviously wasn't a success. дальше »

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Tether Market Cap Surpasses $18 Billion

According to Tether’s official transparency page, its dollar-backed stablecoin has crossed the $18 billion market capitalization mark for the first time. A key source of liquidity for exchanges and crypto traders worldwide, Tether is the largest stablecoin in the market. дальше »

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MakerDAO’s Dai supply just reached a new milestone

MakerDAO’s Dai, an Ethereum-based decentralized stablecoin, has just become the third-largest stablecoin by market cap, bested only by USD Coin (USDC) in the second spot, and Tether (USDT) itself. дальше »

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MakerDAO’s Dai Stablecoin Supply Hits $1 Billion for the First Time

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Hackers Drain $2 Million in DAI From Defi Protocol Akropolis

Decentralized finance (defi) protocol Akropolis was on Thursday hacked for $2 million in DAI, in the latest flash loan attack to hit the nascent defi industry. The attacker pilfered the platform’s Ycurve pool in batches of $50,000 in the stablecoin DAI. дальше »

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DAI surpasses the $1BN market capitalisation mark

MakerDAO’s DAI stablecoin yesterday reached a market capitalisation of $1 billion for the first… The post DAI surpasses the $1BN market capitalisation mark appeared first on Coin Journal. дальше »

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MakerDAO’s DAI Stablecoin Breaks $1B Market Cap

The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer. дальше »

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TrustToken Taps Chainlink for On-Chain Proof of Reserves for TrueUSD Stablecoin

The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins. дальше »

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Tether Adds Over $2 Bln in Market Cap: USDC Has as Much as 2nd Largest Stablecoin in Total

Paolo Ardoino has tweeted that, since September 15, USDT has added $2.4 bln more in market cap; that's the total of USDC's cap, the 2nd largest stablecoin дальше »

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UK Authorities Get Serious with Stablecoins, Set to Unveil Regulatory Framework 

The government of the United Kingdom is making active plans to transform the nation’s financial ecosystem and ultimately make the region a hotbed for innovative businesses. The government says it plans to formulate amenable regulations for stablecoin initiatives and central bank digital currencies (CBDCs), according to a statement November 9, 2020. дальше »

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UK Treasury drawing up stablecoin regulations

The UK has revealed that it is working on regulations for stablecoins as it...

The post UK Treasury drawing up stablecoin regulations appeared first on Coin Journal.

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UK drafting stablecoin regulations and researching a CBDC

The United Kingdom has announced forthcoming regulatory proposals for stablecoins and ongoing research into CBDC.

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Tether (USDt) tokens now live on BtcTurk | PRO

BtcTurk, Turkey’s largest cryptocurrency exchange, and Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, announced today the availability of Tether (USDt) tokens on BtcTurk | PRO. дальше »

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Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses

Two years ago the cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the U. S. dollar. This week, Circle revealed the launch of high yield digital dollar business accounts with APY up to 10. дальше »

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Circle Introduces High Yield Interest Rate Accounts on the Fastest Growing Stablecoin

Over the past eight months, the market cap of USDC has surged a whopping 560%. Before the violent sell-off at the beginning of March, this stablecoin was a mere $445 million, which is ready to hit $3 billion, as per CoinGecko. дальше »

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Tether (USDT) Market Capitalization Surpasses $17 Bln, Gains 40% in Three Months

Another splendid milestone reached by the most popular stablecoin, the U.S. Dollar Tether (USDT). What is behind its growth? дальше »

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Meet the Projects Pushing Stablecoin Adoption

In the last year, stablecoins have gone from representing just a tiny fraction of global cryptocurrency trading volume to more than half of it. This, because more users than ever before now use stablecoins to exit volatility, invest, and make payments. дальше »

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MakerDAO присоединился к блокчейн-проекту технологического гиганта Kakao

DeFi-проект MakerDAO стал участником управляющего совета блокчейн-платформы Klaytn южнокорейского интернет-гиганта Kakao. We are excited to announce that #MakerDAO which generates stablecoin, #Dai is joining the #Klaytn Governance Council. дальше »

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Uncollaterized Power: A Makerdao Governance Vote Was Swayed by a Defi Flash Loan

The Makerdao and the stablecoin DAI has been a popular project in the decentralized finance (defi) space and it’s also had its share of problems. This week the project called Bprotocol leveraged a defi flash loan in order to sway a Makerdao governance vote. дальше »

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Tether dominates the market, DAI and USDC to follow the lead

Tether has become the most promising stablecoin in the cryptocurrency market. Tether is the third most valuable stablecoin around the world, trading at $1 as of September 2020. In the past, we have seen XRP ruling the market as a stablecoin, but Tether outperformed it in terms of market capitalization for the second time in less than two weeks. дальше »

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