2023-6-28 21:44 |
The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust. origin »
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The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
2022-11-17 00:45 | |
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USDD, Tron’s decentralized, overcollateralized stablecoin had an impressive third quarter after witnessing a chaotic Q2. Some good news Messari, a leading crypto-analytics platform, recently tThe post How far behind is USDD in the stablecoin race? Data suggests… appeared first on AMBCrypto.
2022-11-4 11:30 | |
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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.
2022-10-18 14:30 | |
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Aptos Labs, the creators of the failed Diem stablecoin project that Meta Platforms Inc (NASDAQ: META) had attempted to launch sometime back, on Monday successfully launched their blockchain mainnet called Aptos Autumn.
2022-10-18 14:02 | |
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In a tweet on October 13, stablecoin issuers Tether announced that it had reduced its commercial paper holdings to zero to ensure secure and liquid reserves for Tether USD (USDT). “Tether is proud to announce that we have eliminated commercial paper from our reserves,” said Tether in its tweets.
2022-10-16 23:42 | |
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The firm had said it plans to bring its commercial paper holdings to zero by the end of the year.
2022-10-4 13:37 | |
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Robinhood hasn’t been shy about it’s desire to be a player in crypto. The platform has had a few years of ups and downs as it’s navigated it’s crypto offerings. This week, however, the platform secured a win on the crypto front by listing it’s first stablecoin, USDC.
2022-9-21 03:48 | |
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President Vladimir Putin had signed a law banning digital payments earlier this summer.
2022-9-7 19:22 | |
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Regular price swings in the cryptocurrency market have had a significant impact on USD Coin (USDC), a stablecoin developed by Circle. In fact, its whale addresses seemed to be flashing similar signalsThe post Here's the whale of it all for USDC holdings appeared first on AMBCrypto.
2022-8-24 00:30 | |
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Tether’s total assets as of the end of the last quarter stood around $66. 4 billion, the USDT issuer said in its latest quarterly assurance report. The stablecoin issuer, whose USDT token is the largest and most widely used in the world, said accounting firm BDO Italia had completed this assurance opinion.
2022-8-19 20:09 | |
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Solana [SOL] algorithmic stablecoin, Nirvana was recently the subject of a $3.5 million exploitation. On Thursday (28 July), it announced via its official Twitter page that it had lost some of its resThe post Why Solana [SOL] hiked at the back of Nirvana flash loan exploit appeared first on AMBCrypto.
2022-7-30 23:30 | |
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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.
2022-7-18 16:38 | |
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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.
2022-6-15 21:45 | |
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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.
2022-6-4 23:00 | |
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One of these employees supposedly disclosed that the team had concerns about the design of the TerraUSD (UST) stablecoin from the word go.
2022-5-31 22:46 | |
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The uncertainty around stablecoins had begun with the UST crash and inevitably spilled unto others such as USDT. This uncertainty has continued to linger weeks after the crash leading to investors moving out of stablecoins.
2022-5-25 20:00 | |
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In April, the UK had revealed plans to become a crypto hub and legalize stablecoin payments. Following last week’s events, many had thought that Her Majesty’s Treasury would put these plans on hold, but it appears the regulators are moving ahead with their plans.
2022-5-22 00:06 | |
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The crypto market has experienced many bloodbaths in the past. But last week’s crash had more catastrophic effects on the market than recent bearish trends, mainly on the stablecoins. UST, a stablecoin issued by Terraform Labs, is an example that stunned the crypto world as the coin collapsed and dropped its value from $1 to $0.
2022-5-18 15:00 | |
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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.
2022-5-17 22:30 | |
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Terra’s commitment to filling up its coffers with Bitcoin has been solidified once more with another $1. 5 billion purchase. This is the fruit of a pledge that the project had made to buy more than $10 billion worth of BTC to serve as a reserve for its stablecoin, UST.
2022-5-7 02:00 | |
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Tron Network is attracting more users as it prepares to release its Algorithmic stablecoin. Tron (TRX) price shot up by over 10% after an announcement that the Tron network had reached 90 million opened accounts.
2022-5-3 17:09 | |
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The DeFi chain, Terra, had a good run these last two days, with its stablecoin UST flipping BUSD to gain the position of the third biggest stablecoin. It also achieved the milestone of becoming the fiThe post Terra [LUNA] has had a good run this week but will it continue appeared first on AMBCrypto.
2022-4-21 09:30 | |
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2022-4-12 18:08 | |
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USDN's market capitalization had nearly doubled to $850 million in March.
2022-4-4 15:22 | |
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Avanti Financial CEO Caitlin Long said the bill had its own pros and cons, but it was “definitely a conversation-starter” for lawmakers exploring stablecoins.
2022-2-19 20:15 | |
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Economists at the Federal Reserve suggest Libra – in its original, basket-backed stablecoin form – might not have had as severe an impact on financial stability as policymakers suggested last year.
2020-6-22 18:39 | |
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The larger cryptocurrency market may have had a turbulent time in the market, but stablecoins have been focusing only on growth in 2020. The aggregate stablecoin market cap grew over $10 billion by MaThe post Tether emerges as popular choice among Asian, European traders; USDC follows appeared first on AMBCrypto.
2020-5-13 11:00 | |
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Decentralized web blockchain project TRON (TRX) CEO, Justin Sun, on April 4, 2020, tweeted that Djed, the test of the project’s stablecoin platform has successfully completed testing. Enter Project JUST In a fresh announcement, TRON founder Justin Sun stated that he had rebranded TRON’s newly launched decentralized finance (DeFi) project Djed to JUST to markRead MoreRead More.
2020-4-6 20:00 | |
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Bitcoin's losses last week had a devastating impact on the cryptocurrency industry. Undeterred by the chaos, however, was the stablecoin realm. These stablecoins, designed to minimize price volatilityThe post Bitcoin's price fall fails to tether stablecoins' growing market cap appeared first on AMBCrypto.
2020-3-18 10:00 | |
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Stablecoins in the cryptocurrency sphere have had a polarizing effect on the community since their emergence. Existing on Ethereum and other blockchains, many feel stablecoins are not true cryptocurrencies and are being stymied with pegs to existing fiat currencies, but there is a growing feeling that they are the pathway to mass adoption.
2020-1-31 10:08 | |
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Facebook has been on a crusade to try and prove to the world, and especially the USA, that it is competent enough to launch its own stablecoin cryptocurrency, Libra. Privacy scandals and data hacks have led many to think the social media giant is not up to the task – and then it had its payroll […] The post Facebook Can’t Even Look After Its Hard Drives, How Can It Launch Libra? appeared first on BeInCrypto.
2019-12-19 20:04 | |
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Walmart, one of the world’s leading retail giants, may have plans to launch its own fiat-backed stablecoin. This development emerges after the social media giant, Facebook, warned that its cryptocurrency project, Libra, may be put on hold.
2019-8-2 10:33 | |
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Coinspeaker Binance Jersey List Their Own GBP-Backed StablecoinBinance Jersey has listed a proprietary GBP-backed stablecoin that confirmed that the major industry player had its sights on imminently issuing its own fiat-pegged assets, starting with a cryptocurrency 100% backed by the British pound.Binance Jersey List Their Own GBP-Backed Stablecoin
2019-7-20 14:37 | |
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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.
2019-7-16 06:00 | |
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MakerDao’s stablecoin, Dai, which is collateralized with cryptocurrency [Ethereum by default], is collapsing, according to Preston Byrne. In his tweet thread, Byrne described that the peg for Dai has been weakening over the years and his prediction of it being “a bunch of twaddle” had turned out to be true.
2019-7-15 18:30 | |
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In a blog post published on July 2, 2019, cryptocurrency exchange Bitfinex announced that it had repaid $100 million of the outstanding loan amount to closely affiliated stablecoin firm Tether (USDT).
2019-7-4 01:00 | |
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Seattle-based Stably had its flagship StableUSD listed on Binance DEX as a native BEP2 crypto-asset—USDSB. The addition opens up opportunities for on-chain trading on the DEX, providing traders with an additional tool for hedging against volatility or redeeming their crypto for fiat.
2019-6-24 09:48 | |
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Tether (USDT) trade volumes continue to ride high with trends similar to the cryptocurrency market highs of late 2017. The performance of this stablecoin certainly provides an interesting indicator of the overall health of coin markets.
2019-6-21 21:59 | |
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Stellar Lumens (XLM) had some good news yesterday – PaysXDR’s stablecoin launch – but that hasn’t helped its price much, if at all. Stellar has been trapped in a downward channel since Facebook announced its.
2019-6-20 19:31 | |
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Thomas Lee, Head of Research at Fundstrat Global, spoke to CNBC about Facebook’s Libra Blockchain. He also opined on how it would affect the cryptocurrency space, especially Bitcoin, stablecoins, and the field of decentralized finance.
2019-6-19 22:30 | |
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Some proponents in the cryptocurrency market have stated that 2019 will be the year of stablecoins, this speculation evidenced by the number of recent updates and developments in the space. In a recent analysis by Skew Markets, it was shown that all the top stablecoins, including Tether, had seen significant increases in market caps over […] The post USDC is now the largest stablecoin by market cap after Tether, claims Skew Markets analysis appeared first on AMBCrypto.
2019-6-19 01:30 | |
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Tether’s effect on the crypto market at large cannot be understated. Not only does the fiat-backed stablecoin act as a safe haven asset during downtrends and crashes, in the past sentiment surrounding Tether has had an enormous impact on Bitcoin price.
2019-6-12 23:00 | |
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Since the start of 2019, stablecoins have found a new level of importance following the involvement of major financial and non-financial institutions such as JP Morgan Chase and Facebook. Justin Sun, CEO of TRON Foundation, had also spoken highly about the significance of stablecoins on various occasions and despite the Tether-Bitfinex fiasco, the popularity of […] The post DAI stablecoin recorded growth rate of approximately 20% per month in 2019, claims Maker Dao report appeared first on AMBCrypto.
2019-6-10 15:30 | |
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By CCN: The town of Orania, South Africa, claims it’s not racist, but it’s only ever allowed white people to live within its walls. Wholly owned by a single community corporation, the city was established after Apartheid ended and has always had its own currency.
2019-6-8 11:30 | |
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Major cryptocurrency exchange Coinbase announced on May 23, 2019, that it had listed Maker’s stablecoin Dai (DAI) on its trading platform. With this, users of Coinbase. com and its Android and iOS apps will now be able to buy, sell, and store DAI.
2019-5-24 19:00 | |
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A new court filing revealed that stablecoin issuer Tether said that it had invested some of its reserves in bitcoin
2019-5-22 22:25 | |
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In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.
2019-5-18 22:14 | |
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Facebook is planning to pilot test its stablecoin in the India despite the country’s unwelcoming stance towards digital currencies. Unidentified sources told that the country still has room for expansion, reported Business Insider, May 10, 2019.
2019-5-10 18:00 | |
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By CCN: Now that Facebook is on the cusp of rolling out its own crypto of sorts, it’s adjusting policies for existing market players to advertise on its platform – again. The world’s largest social media platform said in a blog post on Wednesday that it’s been listening to feedback since it shut down crypto advertising.
2019-5-9 04:30 | |
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Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.
2019-5-7 01:42 | |
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The filing was dismissed because a U.S. judge who called the application a "bad faith" tactic.
New Zealand-based crypto exchange Dasset has gone into liquidation, denying customers access to their funds. Crypto custodian Prime Trust has also filed for bankruptcy. The post New Zealand-based Crypto Exchange Goes Bust Leaving Customers Stranded appeared first on BeInCrypto.
The Nevada Financial Institutions Division has recently lodged a petition for receivership for Prime Trust citing operational instability and insolvency.
Prime Trust is facing financial troubles and a shortage of customer funds, leading to a cease-and-desist order from the Nevada FID
BitGo, a leader in digital asset trust and security, has announced that it has terminated its acquisition of Prime Trust, a technology-driven financial institution that provides custody and escrow services for the digital asset industry.
Stablecoin project TrueUSD said Thursday it had “no exposure” to embattled crypto services company Prime Trust as it raced to shore up confidence in its dollar-backed TUSD.