Ethereum Adoption Grows With Launch of Bank-Issued Stablecoin

Banks leverage Ethereum’s utilities to issue a stablecoin

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Ex-Tether CEO teases new stablecoin to contend USDT dominance

Reeve Collins, one of Tether’s original co-founders, plans to launch a stablecoin on Ethereum and Solana by 2025’s second half.

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Ethereum: DAI stablecoin takes the cake in April, more inside

Stablecoin market cap grew to $158 billion, a 4.76% increase. DAI boost Ethereum Stablecoin trading volume Despite the broader cryptocurrency market experiencing recent downturn, Ethereum [EThe post Ethereum: DAI stablecoin takes the cake in April, more inside appeared first on AMBCrypto.

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Tether withdrew $1 billion USDT from the Solana blockchain as part of the swap

Tether announced a swap, as a result of which the company converted $1 billion USDT stored on the Solana blockchain, transferring its stablecoins to Ethereum The issuer of the USDT Tether stablecoin announced the commission of a large-scale swap between blockchains.

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Tether Ditches Solana, Performs $1 Billion USDT Swap

In a backward move for the Solana ecosystem, stablecoin issuer Tether is set to swap 1 billion USDT on Solana for ERC20 tokens for use on Ethereum The post Tether Ditches Solana, Performs $1 Billion USDT Swap appeared first on BeInCrypto.

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DeFi Giant MakerDAO Speeds Up DAI Transactions and Withdrawals, Expands to Arbitrum, Osmosis

MakerDAO’s new tech, Maker Teleport, enables users of the DAI stablecoin to circumvent Ethereum’s jam-prone base layer.

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FTX Accounts Drainer Swaps Millions in Stolen Crypto, Becomes 35th-Largest Ether Holder

Some $27 million worth of ether was converted to the DAI stablecoin, while funds on the BNB Chain were converted to ether and bridged to the Ethereum network.

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Binance Users Withdrew $1.35B of Bitcoin in Days Following FTX Collapse

Cryptocurrency exchange Binance experienced record levels of bitcoin, ethereum and stablecoin outflows over the weekend after the collapse of FTX.

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How these plans might be instrumental to USDC's near-term growth

According to a tweet shared on the 3rd of November, Circle's (The issuer of the stablecoin USDC) cross-chain transfer protocol will go live on Ethereum and Avalanche by the end of this year. The crossThe post How these plans might be instrumental to USDC's near-term growth appeared first on AMBCrypto.

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What Are Rollups In Crypto?

GTON Capital is building an ecosystem of Web3 infrastructure and products. Its native Ethereum rollup protocol will be home to a decentralized stablecoin serving as the gas currency. 

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What USDC's diminishing dominance on Ethereum means for the stablecoin 

According to a new Messari report, USDC was observed to be losing traction in the stablecoin market. BUSD on the other hand, was witnessing some growth. With new coins entering the stablecoin market aThe post What USDC's diminishing dominance on Ethereum means for the stablecoin  appeared first on AMBCrypto.

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Tether stablecoin issuer freezes 8.2M USDT on Ethereum: Data

Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay.

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Digital bank FV Bank integrates USDC stablecoin for direct deposits

Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum.

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CryptoSlate Wrapped Daily: Ethereum could be considered a security post-Merge, Whitehouse releases crypto regulatory framework

The biggest news in the cryptoverse for Sept 16 includes the crypto community arguing that ETH could be considered a security post-merge, the Whitehouse releasing a framework for crypto regulation, United States banks pausing crypto lending plans amid challenging SEC guidelines, Celsius seeking approval to sell $23M worth of stablecoin assets.

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Tether USDT stablecoin goes live on Near Protocol to boost DeFi presence

Tether USDT is now live on 11 blockchain networks, including the Near Network, Polygon, Kusama, Ethereum, Omni and others.

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Crypto Market Forecast: Week of September 12th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin has a strong Friday as the global investment community turns on risk-on, Russia works on building cross-border stablecoin payment solutions, and Ethereum moves closer to transitioning to Proof-of-Stake.

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Former Meta Exec Praises Bitcoin Ahead of Ethereum Merge

The creator of Meta’s failed Libra stablecoin took a not-so-veiled swipe at Ethereum in a recent tweet

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Stablecoin Giants Circle, Tether Support Ethereum in Its Upcoming PoS Transition

Issuers of the two largest stablecoins - Tether's USDT and Circle's USDC— have extended their support to Ethereum as it approaches The Merge in September this year. The post Stablecoin Giants Circle, Tether Support Ethereum in Its Upcoming PoS Transition appeared first on BeInCrypto.

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Circle’s USDC Will Fully Support Ethereum’s Proof-of-Stake Over A Proof-of-Work Fork – Here’s Why

Ethereum is staring at another schism in the network as it inches toward transitioning to the PoS consensus mechanism. Stablecoin companies pitch their tents with the planned transition while other entities push for a hard fork.

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The Stablecoin Monster: CBDCs Are A Red Herring

What Ethereum’s upcoming fork can teach us about governance, stablecoins, centralization bottle-necks and the ever-important U.S. dollar system.

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Might MakerDAO risk market decline due to Ethereum's Merge

MakerDAO [MKR] has claimed that the much-anticipated Ethereum [ETH] Merge could do more harm than good to its network.  Maker, the builder of the stablecoin - DAI - explained the implications of tThe post Might MakerDAO risk market decline due to Ethereum's Merge appeared first on AMBCrypto.

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Ethereum Merge Risks Summarized by Expert: Should We See Unexpected Forks?

Here's why Ethereum (ETH) Merge is risky event for ETH holders, stakers and stablecoin owners

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Aave Passes Proposal for Yield-Generating Stablecoin GHO

The fully collateralized stablecoin is native to the Aave ecosystem and will be initially available on the Ethereum network.

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WebMoney adds support for Tether (USDT) wallet units

WebMoney, an e-currency payment system, announced today it has added a new type of title unit – WMT – with accounting in stablecoin Tether (USDT). 1 WMT corresponds to 1 USDT.  USDT tokens are supported on Ethereum and Binance Smart Chain; while Tron and other chains will be added later.

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Angle Protocol partners with Plenty to bring agEUR to the Tezos ecosystem

SAN MATEO, CALIFORNIA, 7th July, 2022, Chainwire Popular Euro stablecoin on Ethereum, agEUR can… The post Angle Protocol partners with Plenty to bring agEUR to the Tezos ecosystem appeared first on CoinJournal.

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BlockFi Raises Rates Three Days After FTX Bailout

BlockFi is raising the yield on its Bitcoin, Ethereum, and stablecoin lending products three days after FTX extended the company a $250 million revolving line of credit. The Powers of...

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Is Tether (USDT) losing the stablecoin war against USDC and BUSD

Major cryptocurrencies like Bitcoin and Ethereum can sometimes go up or down in double-digit percentages in a single day. As a result, most people associate cryptocurrencies with volatility. But some The post Is Tether (USDT) losing the stablecoin war against USDC and BUSD appeared first on AMBCrypto.

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Tether Launches New Stablecoin in Mexico

Tether announces the release of a new peso-backed stablecoin on Ethereum, Tron, and Polygon as 40% of Mexican companies consider blockchain adoption.         The post Tether Launches New Stablecoin in Mexico appeared first on BeInCrypto.

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Here's Ethereum co-founder's take on algorithmic stablecoins

Ethereum's Vitalik Buterin has offered two thought experiments on how to establish whether an algorithmic (algo) stablecoin is feasible in the long term. On 25 May, Buterin remarked that increased exaThe post Here's Ethereum co-founder's take on algorithmic stablecoins appeared first on AMBCrypto.

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Tether’s USDt now live on Polygon network

Tether, the company operating the blockchain-enabled stablecoin platform, announced it has now launched the Tether token (USDt) on Polygon (formerly MATIC), the Ethereum blockchain scaling and development platform.

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Tether to Offer Stablecoin USDT on Polygon

Tether is the world's third largest cryptocurrency, behind only Bitcoin and Ethereum

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Buterin Offers Guide on How to Tell if an Algorithmic Stablecoin Is Sustainable

Vitalik Buterin, Ethereum’s co-founder, has shared his opinions on determining if an algorithmic stablecoin is sustainable, listing two requirements that he considers necessary. The post Buterin Offers Guide on How to Tell if an Algorithmic Stablecoin Is Sustainable appeared first on BeInCrypto.

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Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon

The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region.

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Crypto Whales Ditched Tether for USDC After Stablecoin Panic

After Terra’s collapse, whale addresses on the Ethereum blockchain ditched Tether's USDT, the largest stablecoin, to flock to the perceived safety of its competitor, USDC.

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MakerDAO [MKR]: This report card should be considered before exiting

With the claims of building the world's first unbiased currency and leading decentralized stablecoin, DAI, MakerDAO is a decentralized organization built on the Ethereum blockchain providing liquidityThe post MakerDAO [MKR]: This report card should be considered before exiting appeared first on AMBCrypto.

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Terra Flaw: Ethereum Creator And Binance CEO Slam Terra Via Twitter

Terra took quite a beating as the Ethereum creator and CEO of Binance criticized Terra and UST token via Twitter. Following the collapse of UST, Terra’s stablecoin and LUNA, its native token, many crypto advocates have aired their sentiments on the subject.

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Tether to move over 1 billion USDT assets from Tron to Ethereum and Avalanche

After Terra’s UST stablecoin meltdown, there seems to be a storm within the stablecoin… The post Tether to move over 1 billion USDT assets from Tron to Ethereum and Avalanche appeared first on Coin Journal.

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'Revolution' Promised by Tron's Justin Sun Looks Like Clone of Terra's Algorithmic Stablecoin

Tron, an Ethereum competitor blockchain, is the latest to launch an algorithmic stablecoin inspired by the success of Terra’s UST. It has lofty goals for USDD, but Tron’s lackluster track record of luring people to use its blockchain raises doubts.

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Altcoin Aversion: Why Bitcoin And Stablecoin Dominance Is On The Rise

Bitcoin and the crypto market are back in the red. The first crypto by market cap records a 2% loss in the last 24-hours and could push other digital assets into critical support zones. Related Reading | Bitcoin Indicator Hits Historical Low Not Seen Since 2015 At the time of writing, Bitcoin is one of the best-performing assets in this ranking only surpassed by Binance Coin (BNB) and Ethereum (ETH), according to data from Coingecko.

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LUNA Poised To Moon As Terra’s Do Kwon Vows To Become World’s Biggest Bitcoin Holder Besides Satoshi

Terra, the fast blockchain taking on Ethereum, has stolen the spotlight in recent days after the Luna Foundation Guard (LFG) outlined plans to purchase billions worth of bitcoin as an additional security layer for its UST stablecoin.

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Brinc.fi makes record airdrop on ETH L2

Brinc. fi launched the biggest airdrop campaign ever done over an Ethereum layer 2 network (ETH/USD) on March 28, 2022. It amounts to as much as 1,200,000 gBRC tokens over time for users. BRC stablecoin is immune to inflation The platform’s disruptive stablecoin $BRC increases in price.

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Crypto Market Forecast: Week of March 21st 2022

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin pushes past the US$40,000 price level, Ethereum outperforms the rest of the market as the merge to Proof-of-Stake progresses, and Avalanche has a bumper week following the launch of the UST stablecoin on its network.

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UST: This latest initiative by Terra's ecosystem is reshaping algorithmic stablecoins

Decentralized stablecoin issuer Terra issued a proposal to expand the interchain deployment of its TerraUSD (UST) stablecoin. Namely across five projects on Ethereum, Polygon and Solana. Terra would pThe post UST: This latest initiative by Terra's ecosystem is reshaping algorithmic stablecoins appeared first on AMBCrypto.

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Stablecoin Shakeup: USD Coin Overtakes Tether on Ethereum

The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum Is Now More Than Tether As per the latest weekly report from Arcane Research, USDC has now become the largest stablecoin on the ETH chain, surpassing USDT.

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USDC supply surpasses USDT on Ethereum

The stablecoin market has seen explosive growth over the past years.

The post USDC supply surpasses USDT on Ethereum appeared first on CryptoSlate.

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USDC Supply on Ethereum Blockchain Overtakes that of USDT

USDC supply on the Ethereum blockchain has eclipsed that of the leading USD-pegged stablecoin USDT. USDC Continues to Gain Traction According to a recent report by The Block, the total supply of the USDC stablecoin on the Ethereum network has overtaken that of USDT for the first time.

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Tether freezes three Ethereum addresses holding $150 million in USDT

World’s largest stablecoin issuer Tether has added three more Ethereum addresses to its blacklist that held nearly $150 million worth of USDT.   Being a centralized company, Tether has the authority to freeze accounts comprising dubious funds related to crime and money laundering.

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Argentina: 'Crypto-adoption is high, but stablecoin adoption is really high too'

The end of 2021 saw many quarantining at home due to the Omicron variant of the COVID-19 virus. However, Ethereum founder Vitalik Buterin was in Argentina. Following his trip, Buterin shared some thouThe post Argentina: 'Crypto-adoption is high, but stablecoin adoption is really high too' appeared first on AMBCrypto.

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The top 3 governance tokens worth your attention on December 29, 2021: MKR, AAVE and 1INCH

Maker MKR/USD is a governance token of the MakerDAO as well as Maker Protocol, which is a decentralized organization and software platform based on the Ethereum blockchain.   Through MKR, users can issue and manage the DAI stablecoin.

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