US Sen. Gillibrand Says a Last-Ditch Stablecoin Bill May Still Emerge This Year

Sen. Kirsten Gillibrand (D-N.Y.) said the latest effort on a stablecoin regulatory bill is coming soon, and she hopes it can get some attention before Congress transitions into its new session next year.

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Terra Community Burns 25 Billion LUNC Tokens, Will It Reach The Highs?

The Terra Classic LUNC has been putting more effort into resuscitation its new position in the crypto space. Unfortunately, the algorithmic stablecoin Terra and LUNA collapse in May caused a massive loss in the industry.

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Binance USD (BUSD) To Spark The Second Great Stablecoin War With USDT — FTX CEO

Stablecoins, which are often referred to as the backbone of the industry, may soon experience a “second great stablecoin war” fought by market leader USD Tether (USDT) and fast-rising Binance USD (BUSD).

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The latest SNX hype may have a stablecoin connection waiting to be explored

 Synthetix [SNX] managed to pull off a solid uptick by more than 10% as of 17 October. This performance meant that it had outperformed many of the top cryptocurrencies during the same period. But canThe post The latest SNX hype may have a stablecoin connection waiting to be explored appeared first on AMBCrypto.

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USDC's lead over USDT may do little or nothing for the stablecoin because...

USDC and USDT — two renowned stablecoins backed by the fiat currency, USD witnessed quite a few tussles over the years to stand at the #1 mark. While the latter still holds the trophy, USDC participThe post USDC's lead over USDT may do little or nothing for the stablecoin because... appeared first on AMBCrypto.

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Terra (LUNA) Price Prediction 2025-2030: Altcoin may have $50 in its sights if...

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.  The Terra USD stablecoin aThe post Terra (LUNA) Price Prediction 2025-2030: Altcoin may have $50 in its sights if... appeared first on AMBCrypto.

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Bitcoin's next bull run may have a USDC connection, here's 'how'

Bitcoin’s [BTC] next bull run could depend on how well USDC would flow into exchanges, according to the CryptoQuant CEO Ki Young Ju. The investor noted that the stablecoin played a crucial roleThe post Bitcoin's next bull run may have a USDC connection, here's 'how' appeared first on AMBCrypto.

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This Tether update may finally bear some good results in the weeks to come

Tether, the firm behind USDT, the largest stablecoin made some key changes to its asset reserves. On 3 October, Chief Technology Officer (CTO) Paolo Ardoino informed the Tether community about the chaThe post This Tether update may finally bear some good results in the weeks to come appeared first on AMBCrypto.

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Friedman, Former Tether’s Auditing Firm, Faces Over $1.6 In Penalty By SEC

The U.S. Security and Exchange Commission (SEC) sued and set charges of 1 million USD as a monetary penalty against Friedman LLP, the former auditing firm of Tether. Although the stablecoin issuer Tether hired the same auditing company from May 2017 to January 2018, the case filed last week does not count it. It has […]

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Do Kwon Statement: A Possible Trigger For Terra Tokens Price Surge

The collapse of the algorithmic stablecoin Terra and its ecosystem in May 2022 created a massive crisis in the crypto space. Coupled with the extreme crypto winter, the industry witnessed massive losses.

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Could the New House Stablecoin Bill Kill FRAX and DAI?

The legislation comes in response to the May collapse of the algorithmically-backed TerraUSD stablecoin. U.S. Proposes Stablecoin Regulation House lawmakers are taking a step toward regulating stablecoins. A new bill...

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Here's the full scope of UST's de-pegging on the stablecoin market

Following the collapse of TerraLUNA in May, never-before-seen attention has since been placed on stablecoins. In fact, there are many who still harbor doubts about the ‘stability’ of this class ofThe post Here's the full scope of UST's de-pegging on the stablecoin market appeared first on AMBCrypto.

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A Stablecoin Law May Not Happen This Year

Hey folks. Monday was a federal holiday in the U. S. so we’re taking it easy today. Reporting from my colleague Jesse Hamilton suggests that stablecoin legislation we expected to see released this month may not be coming after all.

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Curve Finance on the cusp of releasing new dollar-pegged stablecoin

Curve Finance a leading decentralized exchange for stablecoins may be on the verge of… The post Curve Finance on the cusp of releasing new dollar-pegged stablecoin appeared first on CoinJournal.

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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.

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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.

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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.

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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.

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Bears and Bulls May Both Get Surprised as Stablecoin Supply Surges Past $150 Billion

Stablecoin supply surging past $150 billion brings more confusion to crypto market

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US Stablecoin Bill Delayed, but Draft Language May Soon Emerge

A potential bipartisan bill to regulate stablecoins has been bogged down in negotiations, according to three people familiar with the talks, but lawmakers developing the legislation are considering releasing some draft language that may spur wider input.

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Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says

Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.

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Shiba Inu Primed For Strong Recovery As Ecosystem Mulls Introducing Stablecoin Before Year-End

Shiba Inu may be gearing up for an earth-shattering comeback following a plan to launch a stablecoin for the ecosystem later this year.

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After Terra’s fall to Earth, get ready for the stablecoin era

Did May’s algorithmic stablecoin crashes kill the concept, or is there still a role for fiat-pegged cryptocurrencies?

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Wallet That Helped Trigger UST Implosion Linked by Analysis Firm to Terra Developer

The popular decentralized stablecoin lost its dollar peg and fell to pennies in May. A South Korean blockchain analysis firm suggests the death spiral was sparked by transactions from a wallet linked to the lead Terra developer – though any motivation or rationale remains a mystery.

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How the UST crash changed the stablecoin landscape

Once the 3rd largest stablecoin, TerraUSD (UST) has shaken the entire stablecoin market after it collapsed on May 9. The post How the UST crash changed the stablecoin landscape appeared first on CryptoSlate.

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Celsius may be market's Achilles heel, but why then did CEL rally by 100%

As the cryptocurrency ecosystem gradually recovers from the impact of the collapse of Do Kwon’s LUNA and his UST stablecoin, the suspension of withdrawals, swaps, and transfers between accounts on CThe post Celsius may be market's Achilles heel, but why then did CEL rally by 100% appeared first on AMBCrypto.

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Tron (TRX) Risks Breaking Down From 826-Day Ascending Support Line

Tron (TRX) has been decreasing since the end of May, but further accelerated its rate of descent last week. It is possible that the decrease is occurring as a result of the de-pegging of USDD, which had been announced as an overcollateralized stablecoin.

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ViaBTC Capital | After UST’s Fall, Can NEAR’s Stablecoin USN Avoid a Similar Death Spiral?

Background In May 2022, UST and LUNA, which once recorded a total market cap of over $40 billion, collapsed overnight, and plenty of users suffered huge losses as a result. Following the crash, algorithmic stablecoins have once again become a popular crypto topic.

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Is USDD headed for the same systemic problems that brought UST down

The world has barely recovered from the UST stablecoin crash and yet another similar threat is already on the horizon. This time in the form of the USDD stablecoin that was launched in May by the TronThe post Is USDD headed for the same systemic problems that brought UST down appeared first on AMBCrypto.

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Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea

Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region.

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TRON’s stablecoin USDD employs an overcollateralised mechanism to maintain the USD price peg

After Terra’s algorithmic stablecoin TerraUSD (UST) failed miserably in May, TRON announced a plan to back up its own stablecoin with more capital on Sunday morning. An announcement on Sunday says that USDD, an algorithmically stable coin on the TRON blockchain, will now be overcollateralised.

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US Fed begins quantitative tightening, Japan restricts stablecoin issuance and LUNA 2.0 rides a price roller coaster: Hodler’s Digest, May 29-June 4

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TRON Just Had a Record-setting Month

TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, the collateralized decentralized stablecoin on TRON. USDD made it onto CoinMarketCap’s top 100 only 16 days after its May 5 launch.

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Huobi Global: Providing profit opportunities during a crypto winter

Since the crash of algorithmic stablecoin LUNA in early May, the crypto market has seen over US$45 billion lost in value, shattering the dreams of thousands of investors, some of who invested their liThe post Huobi Global: Providing profit opportunities during a crypto winter appeared first on AMBCrypto.

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Tron accelerates internet decentralization via dApps and blockchain tech

 TRON celebrated the record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, the collateralized decentralized stablecoin on TRON, making it onto CoinMarketCapThe post Tron accelerates internet decentralization via dApps and blockchain tech appeared first on AMBCrypto.

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Chinese state media signals tighter crypto regulations in Terra aftermath

China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.

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Tether Launches Stablecoin Pegged To The Mexican Peso

Tether Operations Limited, creator of the largest stablecoin by market cap Tether (USDT) has launched a stablecoin that is pegged to the Mexican Peso. According to a Thursday, May 26 announcement, the firm stated that its new stablecoin would be known as “Tether tokens” and will be pegged 1:1 to the Mexican Peso. The stablecoin […]

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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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Stablecoin Tether launches on Polygon Network

The stablecoin market has been part of the headlines since the second week of May. Post the TerraUSD (UST) massacre; investors felt shaky about the future of stablecoins. Meanwhile, some positive news is coming up from the stablecoin market.

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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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Luna Crash Highlights Crypto Market’s Vulnerabilities, Astra Protocol to the Rescue

As if external fundamentals related to geopolitical tensions and worries of economic recession weren’t enough, the crypto industry has been bleeding due to internal factors. Earlier in May, TerraUSD (UST), the largest algorithmic stablecoin by market cap, collapsed and is now trading at only eight cents, even though it was supposed to maintain a 1:1 […]

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fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje.

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Why USD Coin [USDC] may not yet be ready to overtake Tether [USDT]

Tether [USDT] must surely feel USD Coin [USDC] breathing down its neck in terms of market cap ranking as investors look at the wreckage of TerraUSD [UST] and re-assess their stablecoin preferences.

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Tether Cuts 17% Of Its Commercial Paper Holdings Over Q1 2022

As per the official report published on May 18, Tether, the issuer of the world’s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT.

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USDC Increasingly Becoming Preferred Stablecoin Over USDT

Latest data from Glassnode suggests USDC may be becoming the crypto market’s preferred stablecoin over USDT. USDC’s Supply Surged Up Recently, While USDT’s Plunged Down As per the latest weekly report from Glassnode, USDT has observed a large amount of redemptions recently, taking its supply down.

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Tether’s $82.4B reserves exceed market cap of USDT

The world’s biggest stablecoin has just released its quarterly transparency report a day before the deadline of May 20. The post Tether’s $82.4B reserves exceed market cap of USDT appeared first on CryptoSlate.

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Terraform's Legal Team Quits Amid Terra Stablecoin Fallout

Marc Goldich, Lawrence Florio and Noah Axler left the Terra ecosystem backer in May according to their LinkedIns.

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Top DeFi tokens not to miss on May 17

Beefy. Finance BIFI/USD, Maker MKR/USD, and Liquity LQTY/USD are tokens with huge potential for growth. Beefy Finance added vaults and stablecoin liquidity pools. Specifically, it introduced a quad-stablecoin liquidity pool composed of USDD/BUSD/USDT/USDC, integration with the Oasis Network, and 12 new vaults.

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Стейблкоин DEI потерял привязку к доллару

Вечером 15 мая алгоритмический стейблкоин DEI проекта Deus Finance DAO утратил привязку к доллару США. #PeckShieldAlert Stablecoin $DEI tanks to $0. 77. https://t. co/mzfVnN06Wi pic. twitter. com/BaqmDF16KM — PeckShieldAlert (@PeckShieldAlert) May 16, 2022 Цена «стабильной монеты» достигала $0,51.

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