Will Ripple Ever Issue a Stablecoin?

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GMO Internet Bags New York License to Issue First Stablecoin Pegged to Japanese Yen

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Japanese Firm Scores BitLicense in New York for Yen Stablecoin

Japanese internet firm GMO has obtained approval from regulators in New York to issue a yen-pegged stablecoin. This makes GMO the 27th BitLicense recipient to be allowed to engage in virtual currency operations in the state.

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Japanese Internet Giant Licensed to Issue First JPY-Pegged Stablecoin in New York

The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.

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German legacy bank turns to Stellar (XLM) to issue Euro stablecoin

One of Germany’s oldest banks said it was choosing the Stellar network to issue a Euro-backed stablecoin, in one of the first such instances. The post German legacy bank turns to Stellar (XLM) to issue Euro stablecoin appeared first on CryptoSlate.

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Germany’s BVDH partners to launch Euro stablecoin on Stellar

According to a recent report, Germany’s Bankhaus Von Der Heydt (BVDH)is partnering with Bitbond, a digital asset custody provider, to issue Euro stablecoin (EURB) on the Stellar (XLM) network. With the launch, EURB has become the first stablecoin to be launched on Stellar directly by a bank.

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Bitbond Partners With Oldest German Bank to Issue A Euro Stablecoin On Stellar’s Blockchain

Bitbond, a Germany-based tokenization firm, has finally completed the launch of its first stablecoin after securing a partnership with Bankhaus von der Heydt (BVDH), the country’s oldest running bank, an official statement confirmed on December 9.

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European Bank to Issue Euro-Backed Stablecoin on the Stellar Blockchain

Bankhaus von der Heydt (BVDH), a 266-year-old German bank, is now issuing the first-of-the-kind Euro stablecoin on the Stellar blockchain in partnership with Bitbond, a CoinDesk report on Dec 9 reveals.

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Europe's BVDH, Bitbond issue Euro stablecoin on Stellar Network

Bankhaus von der Heydt (BVDH), one of Europe's oldest banks, and German tokenization and digital asset custody provider Bitbond are joining forces to issue a Euro-pegged (EUR) stablecoin (EURB) on theThe post Europe's BVDH, Bitbond issue Euro stablecoin on Stellar Network appeared first on AMBCrypto.

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Bitbond and Bankhaus von der Heydt issue euro stablecoin on Stellar

German-based tokenization and digital asset custody technology provider Bitbond, and Bankhaus von der Heydt (BVDH), one of Europe’s oldest banks, today announced they’ve joined forces to issue a Euro (EUR) stablecoin (EURB) on the Stellar network.

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New “Chinese Ethereum” to issue Huobi’s HUSD stablecoin

Several years back, one of Ethereum’s greatest rivals was the blockchain project NEO (NEO). Due to its popularity in China, NEO was also granted the nickname ‘Chinese Ethereum. ’ Since then, NEO has fallen behind the rest of the top coins, and it continued to sink through the ranks.

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New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval

Three U. S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin.

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New Draft U.S. Law Will Make It Illegal to Issue Stablecoins Without Federal Reserve Approval

Three U. S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin.

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Harvest Finance Hacked for $24 Million, Puts Bounty on Alleged Attacker

According to reports on Oct 26. 2020, nearly $24 million in value has been siphoned from the liquidity pools of Harvest Finance, a major decentralized finance (DeFi) protocol. Harvest Finance subsequently confirmed the hack, stating that the protocol is “working actively on the issue of mitigating the economic attack on the Stablecoin and BTC pools.

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Here’s why Tether (USDT) could overtake Ethereum by 2021

Tether (USDT), the world’s largest stablecoin by market cap, could reach a valuation higher than Ethereum in 2021, the latest issue of Bloomberg’s Crypto Market Outlook suggested in a report earlier this month.

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U.S SEC, OCC issue first regulatory guidance for stablecoins 

U. S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U. S national banks and federal savings associations to hThe post U.

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Crypto Derivatives Exchange, Delta, Debuts Call and Put Options to be Settled in Tether (USDT)

Delta Exchange has begun the Call and Put options that will be settled via the USDT stablecoin, making a debut as the first crypto derivative platform to issue such products. The exchange, whose headquarters are based in Singapore, announced this news on September 17 and noted it is one of the four crypto exchanges that […] The post Crypto Derivatives Exchange, Delta, Debuts Call and Put Options to be Settled in Tether (USDT) first appeared on BitcoinExchangeGuide.

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The Fed Fires Shots At Libra: FedNow Will Provide Instant Payments Without Bypassing Regulations

In a speech given on Thursday, Lael Brainard, the Federal Reserve governor canvassed on various financial issues in the United States and the world and the issue of stablecoin like Libra was raised. The Facebook led project that was launched last year with lots of publicity, has been said to fuel the clamor by central […]

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Russia’s Largest Bank May Issue Its Own Stablecoin

On the heels of new crypto legislation, Russia’s largest (and state-owned) bank is considering launching its own stablecoin to simplify blockchain transactions. A Stable Ruble Sergei Popov, director of Sberbank’s Transactions Business department, has raised the possibility of the issuance of digital tokens.

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Japanese Banking Giant to Issue Its Own Stablecoin in Late 2020

Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020.

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Ripple Has No Plans to Launch Its Own Stablecoin, Says CTO David Schwartz

David Schwartz, the CTO of Ripple, says the company has no plans to issue its own stablecoins, but it encourages third parties to create them on top of the XRP Ledger

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Tether (USDT) Expands to Bitcoin Cash (BCH) to Issue SLP Token

Tether, the stablecoin leader, has announced that it is launching on Bitcoin Cash as well. The Bitcoin Cash protocol uses a sub-protocol, called the Simple Ledger Protocol (SLP), to issue tokens on top of the blockchain base layer, per Bitcoin News, March 21, 2020.

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Algorand’s PoS Blockchain Launches First Stablecoin In Partnership With Tether’s USDt

Tether has teamed up with Algorand to issue the US dollar pegged USDT on the proof-of-stake (POS) DLT platform, Cointelegraph reports. In a press statement issued on Monday Feb. 10, Tether said that it aims at taking advantage of the innovative aspects of the blockchain which are present on Algorand 2.0 like immediate confirmation of […]

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Tether Is to Issue New Stablecoin Backed by Gold

Coinspeaker Tether Is to Issue New Stablecoin Backed by GoldTether, the issuer of USDT, announced a new gold-backed stablecoin. This token is said to be issued on the Ethereum and Tron blockchains.Tether Is to Issue New Stablecoin Backed by Gold

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WisdomTree Investments Looks To Launch SEC Approved Stablecoin Backed By Basket Of Assets

The New York-based investment company WisdomTree has made the announcement that it’s going to issue a stablecoin before its competition does. It seems Securities and Exchange Commission (SEC) actions have already been taken by the giant in this direction.

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Canadian firm launches yet another stablecoin - CUSD

Cryptocurrencies' volatility has been an obstacle to adoption; however, the sector introduced the concept of stablecoins to address the issue of volatility. Soon after which several countries, as wellThe post Canadian firm launches yet another stablecoin - CUSD appeared first on AMBCrypto.

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Euro Regulators Urge Central Bank to Issue Regulated Digital Currency as Stablecoin Threat Looms

Regulators in Europe have called on the European Central Bank (ECB) to explore the feasibility of launching a digital currency for the bloc. Supranational agencies and governments, alike, have labeled stablecoins – especially Libra – a potential menace to financial stability.

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The Blockchain Chessboard OR How China, US, Russia, Europe Win Tomorrow

It is starting to look like China is going full blockchain with plans to issue a central bank stablecoin, presumably to regain power from WeChat et al which controls the... The post The Blockchain Chessboard OR How China, US, Russia, Europe Win Tomorrow appeared first on Trustnodes.

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Former Fed Nominee for President Trump to Launch Frax Stablecoin Not Pegged to USD

The former pick of President Donald Trump for the Federal Reserve (Fed), Stephen Moore, has recently affirmed that he will issue a new stablecoin, which is set to be backed by a fractional reserve. Moore is set to partner with Ralph Benko, a former deputy general counsel from the Reagan era, and with Sam Kazemian, […]

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Tether Considers Algorithmic Stablecoin: Codename USDTX

Stablecoin provider Tether is considering creating an algorithmic alternative to its popular USDT token – possibly allowing traders to use cryptocurrency as collateral – as a means to provide another route to issue and trade USD-pegged assets.

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US Fed Reserve: Facebook’s ‘cryptocurrency’ dream faces core legal, regulatory challenges

The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra.

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Tether Transactions Clogging up Ethereum Network

Tether transactions are currently clogging up the Ethereum Network reigniting the debate over gas limits. The issue might become further exacerbated with Tether’s latest stablecoin launch — a Chinese yuan-pegged ERC-20 token which will run on Ethereum’s blockchain.

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Tether adds Offshore Chinese yuan (CNH) to its basket; to issue new stablecoin CNHt

Tether, the pioneering but controversial stablecoin, makes headlines as it adds Offshore Chinese yuan (CNH) to its basket of supported currencies. Tether made the news official through a tweet, which read, “Offshore Chinese yuan (CNH) added to our basket of supported currencies, new stablecoin CNHt now available! CNHt is pegged to CNH and is available […] The post Tether adds Offshore Chinese yuan (CNH) to its basket; to issue new stablecoin CNHt appeared first on AMBCrypto.

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Tether Wants To Issue CNHT, A Stablecoin Pegged To Offshore Renminbi

Currently, Tether issues three stablecoins pegged to the euro (EURT), Japanese yen (JPYT) and the United States dollar (USDT). ChainNews, a Chinese news outlet, reported that Tether Limited is planning to add a new member to its stablecoins collection with CNHT.

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Tether set to launch CNH-pegged stablecoin; Renrenbit to be the first investor

The contentious stablecoin operator, Tether, is all set to issue a new stablecoin, CNHT, pegged to CNH, offshore Chinese Yuan Renminbi. The news was confirmed by Zhao Dong of DGroup, who spoke to ChainNews on August 21.

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Tether accidentally issues $5bn worth of USDT, claims it was an issue with decimals

Tether, the issuer of the USDT accidentally issued $5 billion worth of its own stablecoin while Poloniex was conducting a USDT chain swap from Omni to Tron. The CTO of Bitfinex and Tether said there had been an issue with the “token decimals,” after which the company burned the entire 5 billion supply.

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Tether continues to issue USDT as community speculates USDT influx is resisting BTC pullback

With respect to fortune, Tether, the largest stablecoin in the industry, has witnessed a roller-coaster of a year in 2019. The stablecoin was first dragged into the controversial Bitfinex fiasco, where Bitfinex allegedly covered a $850 million loss with Tether funds, leading to Tether experiencing the biggest fall in valuation ever and dropping to $0.

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Swiss Crypto Bank Dukascopy to Introduce Its Own Cryptocurrency

Swiss online bank Dukascopy intends to issue its own Ethereum-based stablecoin

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BaFin Head Urges Global Bank Standards in Response to Facebook’s Libra

BaFin’s president Felix Hufeld urged regulators not to stand aside on the issue of Facebook’s stablecoin Libra

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Swiss Stock Exchange Asks Central Bank to Issue Stablecoin

SIX Group, Switzerland’s principal stock exchange, asked the Swiss central bank to issue a stablecoin

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stableDEX.io: A Stablecoin Exchange that will Revolutionize the Crypto Trading Industry

Cryptocurrencies have been a booming industry for the past several years and there seems to be more potential for this industry in the future, especially due to the growing acceptance and continued developments like the introduction of stable coins which address and solve the issue of excessive volatility and market inefficiencies in the crypto space.

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stableDEX.io: A Stablecoin Exchange that will Revolutionize the Crypto Trading Industry

Cryptocurrencies have been a booming industry for the past several years and there seems to be more potential for this industry in the future, especially due to the growing acceptance and continued developments like the introduction of stable coins which address and solve the issue of excessive volatility and market inefficiencies in the crypto space.

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stableDEX.io: A Stablecoin Exchange that will Revolutionize the Crypto Trading Industry

Cryptocurrencies have been a booming industry for the past several years and there seems to be more potential for this industry in the future, especially due to the growing acceptance and continued developments like the introduction of stable coins which address and solve the issue of excessive volatility and market inefficiencies in the crypto space.

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Binance Confirms Stablecoin Offering Coming Soon: Report

Binance, the top crypto exchange by adjusted trading volume, has told Bloomberg it will issue its own stablecoins, likely within weeks.

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Binance’s New Stablecoin is a Serious Threat to Tether’s Dominance

By CCN: According to Wei Zhou, the chief financial officer at Binance, the most widely utilized crypto asset trading platform in the global market, the exchange is planning to issue a stablecoin in the upcoming months, possibly to compete against Tether.

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China Dominates Stablecoin Crypto Appetite with Over 50% of Global Trading

By CCN: Chinese trading and stablecoin volume account for over half of the transactions sent and received by known parties, in the entire world, according to the latest issue of Diar. China Dominates Global Tether, Crypto Trading Trends Previous research showed certain Western countries far in the lead as far as Bitcoin exchange transaction volume.

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Binance Blockchain Helps Issue USD-Backed Stablecoin, Starts Testing Its Own Fiat-Pegged Cryptocurrency

Stably startup announces a stablecoin made on Binance Chain, CZ is trialling Binance’s own GBP-backed coin

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Binance Chain welcomes a stablecoin and prepares to issue one of its own

Binance, the largest cryptocurrency exchange in the world, prepares to welcome the first stablecoin developed on the Binance Chain (BNB) blockchain while it has begun testing its own. Stablecoins on the Binance Chain In a blog post, Stably, a venture-capital backed startup, announced that it will be launching its StableUSD (USDS) token on the Binance protocol.

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Tether [USDT]’s volume should be seen as a ‘completely irrelevant metric’, says researcher

Tether [USDT] has been a topic that has been voraciously discussed across the board lately, with the Bitfinex-Tether scandal providing the ground for the controversy surrounding the stablecoin. Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges.

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