Tag: stablecoin

Jan 30 2023

Cardano Shows Big Promise For February – Will ADA Get Some Love At $1?

Jan 30 2023 Published at Bitcoinist.com under tags  ada cardano crypto crypto news djed

ADA, the governance token of the Cardano ecosystem, has benefited from the renewed sentiment in the crypto market. Coingecko data shows that the token rose by over 58% in the monthly time frame while simultaneously showing green in other time slots. This is caused by several internal and external developments in the Cardano ecosystem and the crypto industry as a...

Jan 25 2023

This Is How Circle’s USDC Will Outcast Tether’s USDT

The post This Is How Circle’s USDC Will Outcast Tether’s USDT appeared first on Coinpedia Fintech News In the last 24 hrs the star cryptocurrency, Bitcoin has plunged from its crucial support level of $23K. Also it happens to be the second day that Bitcoin is flashing negative marking. However, the global crypto market cap is still holding on to its $1 trillion...

Jan 24 2023

After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin

Jan 24 2023 Published at Bitcoin Magazine under tags  culture gold iran opinion russia

With their newly-announced stablecoin experiment doomed to fail, Russia and Iran will soon learn Bitcoin is the solution that they want.This is an opinion editorial by Q Ghaemi, a stocks and bitcoin analyst and author of the Qweekly Update newsletter.Earlier this month,...

Stablecoins Will Re-Enter Japan? FSA Works on Regulations

Japan intends to allow local investors to trade foreign stablecoins such as USD Coin (USDC) or Tether (USDT) no later than the end of the second quarter of 2023, The Financial Services Agency (FSA) reported.

Stablecoins and Japanese Ban

However, the FSA is unlikely to allow all foreign stablecoins, and the...

Jan 19 2023

National Australia Bank Introduces New Stablecoin To Enhance Region’s Digital Economy

The massive potential and ability of blockchain, as well as stablecoins, have resulted in the growing awareness of the technology, and its continuous adoption attracts big firms and entities to utilize it. The latest notable adopter of blockchain technology is now the National Australia Bank (NAB). According to a...

National Australia Bank launches AUD stablecoin

Jan 19 2023 Published at Coinscreed under tags  aud australia nab news stablecoin

National Australia Bank has developed AUDN, a stablecoin that enables business customers to settle transactions in Australian dollars. The National Australia Bank (NAB) will be the second of the "Big 4" Australian banks to launch an Australian dollar-pegged stablecoin on the Ethereum network. According to an Australian Financial Review report from January 18, the AUDN […] The post...

Jan 18 2023

Stablecoins And CBDCs Are The Future Of Money, Bank Of America Says

The continuous growth of stablecoins and cryptocurrency worldwide in terms of recognition and usage has caught the attention of the Bank of America. The second largest bank in the country, the bank’s analysts believe that crypto can revolutionize the financial systems being used globally, according to...

Jan 17 2023

Stablecoin Backed By Gold To Be Reportedly Launched By Russia And Iran

Jan 17 2023 Published at Bitcoinist.com under tags  bitcoin crypto crypto news iran russia

To better enable international transactions, the governments of Russia and Iran are reportedly considering working together to develop a new stablecoin. Iran is working with the Russian government to create a "token of the Persian Gulf region" that may be used as a form of payment in international trade, as reported by the Russian news portal Vedomosti. According to Alexander Brazhnikov, director of...

Dec 17 2022

Crypto To The Rescue: Why The UN Is Sending War-Torn People In Ukraine Aid In Stablecoins

A growing number of human rights organizations from around the world are turning to crypto and blockchain technology as a remedy to challenges in underdeveloped or conflict-torn countries caused by a lack of financial infrastructure or insufficient identity verification. Through a new blockchain-based humanitarian program, the Office of the UN High Commissioner for Refugees (UNHCR) will send...

Dec 16 2022

Argentina’s province to issue US dollar-pegged stablecoin

Dec 16 2022 Published at Coinscreed under tags  argentina news san luis stablecoin

San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. A law permitting the creation of its own stablecoin tied to the dollar was enacted by the Argentine province of San Luis. The "Activo Digital San Luis de Ahorro" token, which will be made available to all […] The post...

Dec 14 2022

Stablecoin Exit Of 2022: $14.3 Billion Redeemed Since March

Dec 14 2022 Published at Bitcoinist.com under tags  binance usd bitcoin btc btcusd busd

2022 has been the year of mass exit from stablecoins as more than $14.3 billion has been redeemed from these tokens since March. Total Stablecoin Supply Is Down 8% From March 2022 Peak According to the latest weekly report from Glassnode, the stables observed expansion throughout 2020 and 2021. The relevant indicator here is the "stablecoin supply...

Dec 13 2022

WAVES and USDN Decline Continues Following DAXA Warning

Reading Time: 2 minutes WAVES and USDN tokens have continued their decline following an ‘investment warning’ from Korean exchanges last week...

Dec 12 2022

Tron’s Stablecoin USDD Records a 6-Month Low – Is USTC 2.0 Underway?

The post Tron’s Stablecoin USDD Records a 6-Month Low - Is USTC 2.0 Underway? appeared first on Coinpedia Fintech News Tron’s decentralized algorithmic stablecoin USDD and Waves’s Neutrino USDN are de-pegging heavily. Algorithmic stablecoins have been a major subject of worry ever since the Terra ecosystem failed to defend the UST peg and caused a major market crash, halving many assets. Along with...

Breaking: Waves Stablecoin USDN Depegs Massively; Is This the End Of It?

Dec 12 2022 Published at Coingape under tags  altcoin news news stablecoin waves

USDN Depegs Updates: As the global digital asset market continues to decline after the...

Tron’s Stablecoin USDD De-Pegs, Hits June Lows

The post Tron's Stablecoin USDD De-Pegs, Hits June Lows appeared first on Coinpedia Fintech News On Monday, the algorithmic decentralized USD (USDD) stablecoin on the Tron network dropped to $0.9695, its lowest level since June. A few hours ago, Curve Finance had almost $4 million...

Dec 11 2022

[Updated] BlockFi Review: Is BlockFi Safe, Legit, and Worth Your Time? [Updated 2022]

Dec 11 2022 Published at CoinCentral under tags  bitcoin blockfi ethereum gemini guides

BlockFi is a cryptocurrency-focused wealth generation platform that offered a suite of products, such as the BlockFi credit card, a BlockFi custodial wallet, and a cryptocurrency interest account. The company initially launched with a cryptocurrency interest account product, offering around 4.5% APY on BTC and up to 9.5% on stablecoins. They put this offering on ice in February 2022....

Dec 09 2022

Coinbase Pushes Users to Swap USDT for USDC

Reading Time: 2 minutes Coinbase has offered users fee-free USDT-USDC conversions Coinbase co-founded USDC in 2018 with...

Coinbase asks users to convert their USDT to USDC for free

Dec 09 2022 Published at CryptoSlate under tags  busd exchanges stablecoin stablecoins usdc

Coinbase is incentivizing its users to convert their Tether (USDT) holdings for USD Coin (USDC), according to a Dec. 8 blog post. Switch to a trusted...

Dec 06 2022

Tether launches CNH₮, a stablecoin pegged to Chinese Yuan

Dec 06 2022 Published at CryptoSlate under tags  chinese yuan stablecoin stablecoins

Tether, a leading provider of blockchain-based financial services, has launched an offshore Chinese Yuan-backed stablecoin. The new stablecoin, CNH₮, combines two of the world’s largest economies and makes it easier for users to transact with the Chinese Yuan (CNH) in a secure, digital form. With the launch of CNH₮, Tether continues to...

Dec 05 2022

Stablecoin usage remain high despite crypto winter

Dec 05 2022 Published at CryptoSlate under tags  busd stablecoin stablecoins usdc

Reflexity Research cofounder Will Clemente tweeted on Dec. 5 that stablecoins were one of the few crypto use cases that have found product market fit despite the current market condition. Stablecoin aggregate volume reaches ATH Citing Glassnode data, Clemente said stablecoin's growth was evident in several areas. This included the aggregate volume reaching an all-time high despite the crypto winter. The Glassnode chart...

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