Tag: stablecoin

Jul 29 2021

Jul 21 2021

USDC Backed by 61% Cash and Equivalents

Reading Time: 2 minutes Circle has produced the 33rd transparency report for its USDC stablecoin Each USDC is currently backed 61% by cash and cash equivalents, compared to Tether’s 3.87% Circle’s 33rd transparency report comes two months after Tether was forced to...

Jul 20 2021

Digital Yuan Concerns for U.S. Olympic Athletes

Reading Time: 2 minutes Three U.S. lawmakers have written to the U.S. Olympic and Paralympic Committee to request that athletes do not use the digital yuan at the 2022 Winter Olympics in Beijing The senators are concerned about the tracking powers of the new currency...

Jul 19 2021

Financial Experts Suggest Stablecoin Regulatory Framework

Jul 19 2021 Published at FullyCrypto under tags  cryptocurrency news stablecoin

Reading Time: 2 minutes Two high-profile financial experts have laid out a regulatory framework for stablecoins. The pair offered to either make stablecoins equivalent to public money or transform them into CBDCs. Despite all the hostility, stablecoin activity continues...

This NFT Game Generates More Revenue Than Bitcoin and Ethereum

Jul 19 2021 Published at Unchained Podcast under tags  aave bitcoin crypto daos ethereum

July 19, 2021 / Unchained Daily / Laura Shin Daily Bits...

Jul 18 2021

Tether’s New Community Organization Aims to Boost USDT’s Global Use

Tether's community has launched a new organization dubbed 'Tether Impact' Tether Impact's role will be to support and incentive the use of USDT in emerging economies and DeFi Dapps The organization will be hosting its first meetup in Paris, tomorrow, July 19th Stablecoins continue to gain popularity with the US Secretary of the Treasury, Janet L. Yellen, convening a meeting tomorrow, to discuss...

Jul 16 2021

Jul 14 2021

Jul 12 2021

Just-In: UAE Central Bank Sets CBDC Strategy Deadline

UAE Central Bank (UAECB) has announced its strategic objectives for 2023-2026, with their new and enhanced Digital Strategy that would include the much- awaited and grand launch of Central Bank Digital Currency (CBDC). UAE Central Bank has been discussing its interest in CBDC for a while now, and the 2023-2026 Strategy has provided a definite timeline The post Just-In: UAE Central Bank Sets CBDC...

Jul 11 2021

Binance has a Stablecoin (BUSD) and It’s signaling a Crypto Bull Market

Jul 11 2021 Published at CryptoTicker under tags  binance binance usd bull market busd crypto

Stablecoins have always been a way to hedge the heavy price fluctuation in the cryptocurrency market. Crypto traders and investors often swap their cryptos to stablecoins everytime the market starts to crash. This often cashes out the earnings made from capital gains while preserving the value of the portfolio....

Jul 08 2021

Tether Advertises For Full Time FUD Fighter

Reading Time: 2 minutes Tether has advertised for a ‘reputation manager’ to work on improving the company’s appeal Tether has come in for huge criticism over the way its tokens are backed Tether’s market cap is $62.3 billion with less than 4% being cash Tether...

Chinese crypto crackdown may extend to Stablecoin after butchering Bitcoin

Jul 08 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

Fan Yifei, Deputy Governor of the People's Bank of China mentioned the speculative nature of both Bitcoin and Stablecoins, at the State Council policy briefing this morning. He said bitcoin and stablecoins are a potential threat to the state’s financial security and social stability, as the decentralized digital currency has become a gateway to money The post Chinese crypto crackdown may extend to...

Jul 06 2021

Digital Yuan Progress Leaves the West in the Dust

Reading Time: 2 minutes China’s development of their digital yuan has continued in recent weeks, leaving western nations floundering The digital yuan will soon be accepted on Beijing’s subway and rail systems, and soon Chengdu’s transport system Western countries should...

Jul 05 2021

Tether’s Biggest Stablecoin Competitor Is…

July 2, 2021 / Unchained Daily / Laura Shin Daily Bits...

Jun 28 2021

Jun 26 2021

[Updated] BlockFi Review: Is BlockFi Safe, Legit, and Worth Your Time?

Jun 26 2021 Published at CoinCentral under tags  bitcoin blockfi ethereum gemini guides

With a 4% APY on BTC and 7.5% on stablecoins, the BlockFi Interest Account (BIA) is one of the most competitive cryptocurrency interest accounts on the market. The company is valued at over $3B from its most recent Series D and has attracted attention from cryptocurrency and traditionally non-crypto audiences alike. Let's explore how BlockFi (and other cryptocurrency interest...

Jun 18 2021

The World’s First Large-Scale Crypto Bank Run

June 18, 2021 / Unchained Daily / Laura Shin Daily Bits...

Jun 11 2021

BlockFi vs. Coinbase: Who Has the Best Crypto Interest Account?

Cryptocurrency interest accounts make it possible to earn relatively passive income on digital assets like Bitcoin, Ethereum, and stablecoins like USDC and GUSD, and BlockFi vs. Coinbase is a frequent point of comparison. BlockFi is regarded as a staple in the cryptocurrency interest account industry, whereas Coinbase boasts perhaps the loudest and strongest reputation of the...

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