Tag: usddai

Recently, one of Coinbase’s outdated web pages went viral, displaying free cross-border XRP and USDC payment services. The page’s information states that Coinbase users can make instant international payments using XRP and USDC, without any transaction or receiving fees from one Coinbase account to another. Furthermore, according to the webpage, this service is supported globally, The post Relist XRP: Is Coinbase planning to...

The Poly Network attack wounds are still fresh, and the Defi market is hit with another hack. The blockchain security team, SlowMist announced that the Neko Network is hacked, with over 2 million stolen in Stablecoins. Neko Network attacker's address has obtained 2 million USDT, 390,000 BUSD, and 1 BTCB. Attackers use PancakeSwap to exchange The post Defi Hack: Neko Network hacked; attackers...

Circle Pay, one of the largest digital currency company’s CEO, Jeremy Allaire commented on the efficiency of stablecoins and its bright future in the US banking system. He compared the stability and low risk offered by the stablecoin market to that of the traditional banking system. "Stablecoins are becoming so big that they are going The post Circle CEO claims traditional banks will...

Bank of Ghana (BoG) has announced a partnership agreement with the German Currency technology platform, Giesecke+Devrient (G+D) to pilot a general- purpose Central Bank Digital Currency (retail CBDC) in Ghana, West Africa. BoG shared in the Press Release that G+D will play a major role in launching Ghana’s e-Cedi Pilot. G+D will pilot the issuance of digital The post Bank of Ghana partners with...

Gary...

Coinbase, the largest crypto exchange in the US had a long-running advertisement on its platform regarding the second-largest stablecoin USDC. The advertisement promised every dollar paid to investors would be used to back the USDC with $1 “in a bank account.” The Coinbase partnership has proven fruitful for the stablecoin as it managed to become The post Did Coinbase Lie About USDC to...

Poly Network...

An early...

As the...

The Central Bank of Nigeria...

Amid the growing demand...

Tether, the world's third-largest cryptocurrency by market cap and USD-backed stablecoin is once again in the limelight and controversy. This time it's the economists and officials from the U.S. Federal Reserve who have raised serious concerns over Tether's operations. Investors are concerned that any loss of confidence in Tether can lead to a "black swan" The post Tether's (USDT) Unsecured USD Holdings Can...

We hope you're enjoying our market and price analysis of top crypto projects. Our next project in the same series is Utrust ($UTK) trying to disrupt e-commerce, crypto and mobile payments. So, let's begin....

New York state attorney general Letitia James today publicly warned crypto industry player to either play by the rules or the authorities will shut you down citing recent actions against...

After hitting its all-time high above $47,500 levels on Tuesday, February 9, BTC has seen a partial retracement and is currently trading at $44,920 levels with a market cap of $831 billion. After Tesla's...

Crypto exchanges saw a massive inflow of over $550 million in stablecoins this morning as the price of bitcoin...

100 Million Tether [USDT] were recently moved from Tether treasury to an unknown wallet and it was followed by a decent pump in Bitcoin price, reaching a local high of $39,833 at the time of reporting. Is it just a coincidence? Many...

Deltecbank, a Tether banking...

Today, January 15th is a crucial day for crypto market as the conspiracy around the use of USDT stablecoin by Tether and its alleged relationship with crypto exchange Bitfinex is catching up the heat. Tether is once again in the limelight because the stablecoin issuer has pumped an additional $4.2 billion worth of USDT coins The post Tether (USDT) Conspiracy Tosses Again As...

The demand for digital dollars is soaring and the second-largest stablecoin in the crypto ecosystem has just reached a new circulation milestone. The Centre Consortium’s USD Coin has just surpassed 3 billion in circulation, growing by nearly 500% in 2020 according to a blog post today. The founding members of the consortium are Circle and The post Stablecoin Demand Surges as USDC Supply...