Stablecoin

real-estate-backed-us-dollar-stablecoin-built-on-polygon-loses-47%-of-its-value-after-suffering-serious-depeg
Posted by | October 12, 2023
Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg

A stablecoin built on layer-2 scaling solution Polygon (MATIC) and backed by real estate assets has lost nearly half of its value after depegging from the US dollar (USD). In...

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$9,990,000,000-in-tether-(usdt)-sitting-on-crypto-exchanges,-at-highest-level-in-seven-months:-santiment
Posted by | October 11, 2023
$9,990,000,000 in Tether (USDT) Sitting on Crypto Exchanges, at Highest Level in Seven Months: Santiment

Blockchain analytics platform Santiment says that huge amounts of stablecoin Tether (USDT) are returning to crypto exchanges, which is often a bullish signal. The analytics platform says that the amount...

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tether-continues-to-flow-into-exchanges:-why-this-is-bullish-for-bitcoin
Posted by | October 10, 2023
Tether Continues To Flow Into Exchanges: Why This Is Bullish For Bitcoin

Tether (USDT) has continued to move into exchanges recently. Here’s why this can be a positive development for Bitcoin. Tether Supply On Exchanges Is Now Highest In 7 Months According...

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circle-rolls-out-native-usdc-tokens-on-polygon
Posted by | October 10, 2023
Circle rolls out native USDC tokens on Polygon

Circle taps into Ethereum layer 2 Polygon to provide USDC liquidity directly on the proof-of-stake scaling protocol. 850 Total views 7 Total shares Stablecoin issuer Circle has announced it has begun...

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Posted by | October 6, 2023
Retail stablecoin trading in Hong Kong not allowed yet, official says

Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024. 1191 Total views 16 Total...

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uae-dirham-stablecoin-dram-launches-on-uniswap,-pancakeswap
Posted by | October 3, 2023
UAE dirham stablecoin DRAM launches on Uniswap, PancakeSwap

Distributed Technologies Research has launched DRAM, a dirham-backed stablecoin that aims to tap into the performance of the United Arab Emirates fiat currency. 9028 Total views 12 Total shares A...

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paradigm-accuses-sec-of-bypassing-rules-in-binance-lawsuit
Posted by | September 30, 2023
Paradigm accuses SEC of bypassing rules in Binance lawsuit

Paradigm claimed the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process. 548 Total views 13 Total shares...

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coinbase-secures-approval-to-offer-pepertual-futures-crypto-trading-to-non-us-customers
Posted by | September 28, 2023
Coinbase Secures Approval To Offer Pepertual Futures Crypto Trading to Non-US Customers

Crypto exchange Coinbase has been given the green light to offer perpetual digital asset futures to investors outside of the US. In a new company blog post, the top US-based...

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us-federal-reserve-banks-say-stablecoins-could-‘become-a-source-of-financial-instability’
Posted by | September 26, 2023
US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’

The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. 1437 Total views 23 Total shares The Federal Reserve Banks of Boston and New York...

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why-binance-and-banking-giant-mufg-want-to-issue-stablecoins-in-japan
Posted by | September 26, 2023
Why Binance and Banking Giant MUFG Want to Issue Stablecoins in Japan

Binance’s Japan unit on Monday said it’s working with financial giant Mitsubishi UFJ Trust and Banking Corporation (MUTB) on developing stablecoins.MUTB and Binance Japan are running a joint study on...

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