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Scream protocol losses millions to stablecoin depeg

Scream, a decentralized lending protocol on the Fantom network, incurred a $35 million debt after failing to adjust the prices of two stablecoins that lost their peg on its platform.  The DeFi protocol had hardcoded the value of these affected stablecoins, Fantom USD (fUSD) and DEI, to $1, meaning their decline did not reflect on […] The post Scream protocol losses millions to stablecoin depeg appeared first on CryptoSlate. дальше »

2022-5-17 22:30


Jewel chooses ERC-3643 and Tokeny platform to issue stablecoins on Polygon

Jewel, a Bermuda-based digital asset banking platform, announced today a partnership with Tokeny, a blockchain-asset compliance infrastructure provider. Through the partnership, Jewel will power real-time settlement for digital asset institutions via its own bank-issued USD stablecoin on the Polygon, the popular blockchain development platform, offering scalable and sustainable Web3 infrastructure. дальше »

2022-5-17 21:08


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Michael Saylor Says The Market Crash Will Speed Up Regulation Around Stablecoins

It has been a rollercoaster month for the crypto markets that saw the shocking crash of Terra’s native coin and stablecoin offerings wiping billions from the crypto markets. However, in a recent interview, Bitcoin evangelist Michael Saylor said that recent happenings would be good for Bitcoin and push stablecoin regulations. Michael Saylor Believes The Recent […] дальше »

2022-5-16 14:17


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Secretary Yellen; UST Collapse Could Have Been Avoided With The Available Legal Framework

The ongoing crypto market turmoil and the de-pegging by two of the largest stablecoins earlier this week has caught the attention of regulators, particularly Treasury Secretary Janet Yellen. Testifying before the House of Representatives Financial Services Committee Thursday, Yellen brought up the issue of UST and USDT noting stablecoin issuers needed to be brought under […] дальше »

2022-5-13 13:39


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UST Woes Threaten The Trust Of Algorithmic Stablecoins

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 recent crypto price volatility and the stablecoin losing its peg to the dollar again, The Block’s Research Vice President Larry Cermak urged Terra to collateralize the stablecoin as he fears […] дальше »

2022-5-11 15:02


SubQuery becomes first indexing protocol to support Terra

After recently announcing support for Avalanche (AVAX/USD), SubQuery continues to fulfill its promise of extensive multi-chain support. The protocol announced it has become the first indexing protocol to support Terra (LUNA/USD), a blockchain protocol that deploys a suite of algorithmic decentralized stablecoins, Invezz learned from a press release. дальше »

2022-5-10 12:00