Australian ‘Big 4’ bank NAB is set to launch AUD-pegged Ethereum and Algorand-based stablecoin in mid-2023. NAB is the second Australian banking big name to develop a stablecoin, following ANZ’s…
Browsing: Stablecoin
Cardano is set to see more robust ecosystem functionality, scalability, and expansion with its sidechain toolkit. The smart contract network is also anticipating its first over-collateralized stablecoin dubbed Djed. The…
Palau has recently received recognition from key figures in the blockchain industry including Binance CEO Changpeng Zhao who recently visited them. The president of Palau, Surangel Whipps Jr. disclosed details…
Since security, reliability, sustainability, and interoperability are very important factors for stablecoin issuers in choosing the best blockchain, XRP Ledger (XRPL) has appeared as the best candidate. It is important…
Guido Cannetti will receive all his wages in USDC stablecoin with the Vibrant wallet through Bitwage. The Stellar Network team developed the Vibrant wallet app to help Argentinians cope with…
Morgan Stanley said that the drop in the crypto market cap of stablecoins hints at quantitative tightening. This could put further selling pressure on cryptocurrencies going forward. Banking giant Morgan…
According to the HUSD team, the closure of some market maker accounts in certain regions for regulatory reasons was the cause of the de-pegging. Stablecoin de-pegs have been rampant in…
The renewed expansion hints at a slight crypto market recovery. Residents in nations with high inflation levels hold USD-pegged stablecoins to hedge against the inflation in their countries. After almost…
Through this overcollateralized stablecoin, users can earn interest on any collateral they use in minting the stablecoin. This stablecoin would enhance borrowing competitiveness on Aave. The Aave DAO has approved…
Jeremy Fox-Geen adds that the listing will still go ahead regardless of the conditions in the market. Circle’s SPAC deal is the reason its listing process is publicly available. After…
Euro coin (EUROC) already has support from the top players in the industry, such as DeFi, custodians, and exchanges. Like USDC, EUROC is issued under a regulated structure for money…
A California-based research group has proposed the e-Stablecoin – a stablecoin that is pegged to 1kWh of electricity. The digital asset could be burned for energy production or used to…
A local media outlet reports that South Korean law enforcement agencies have requested that crypto exchanges freeze all LFG-related assets. This is the latest consequences of the Terra network crash.…
According to Ardoino, governments are likely to create their blockchains to facilitate the CBDC rollout as observed with China. And indeed, the Biden executive order on crypto indicates the country…
Terra, through the Luna Foundation Guard, has raised $1 billion to develop Bitcoin-denominated forex reserved for its native stablecoin, UST. The foundation says other than the stablecoin’s algorithmic nature, the…
The Polkadot (DOT) community has proposed an upgrade called Motion 131, due to be voted upon as Referendum 46. Its approval would bring a suite of developments on the network…
The Senate Banking Committee on Tuesday held a hearing to discuss stablecoins’ issuance, uses, and risks. Lawmakers and witnesses had clashing thoughts regarding the benefits and risks of digital assets,…
Bank of England deputy governor Sir Jon Cunliffe, has once again spoken of cryptocurrency risks in the event of a market crash. He also called on swift regulation of the…
The digital yuan has been used to transact a record $15.6B by about 100K users during the Singles Day promotional event by Chinese e-commerce giant JD.com. China’s CBDC is the…
Tether faces more headwinds as one of its big customers, Celsius Network, confirms giving other cryptocurrencies as loan collaterals. The loan agreement varies depending on crypto volatility, Celsius Network says,…