Stablecoin
Japanese Banks Initiate Stablecoin Issuance: Proof-of-Concept Trial
Three Japanese banks, including Tokyo Kiraboshi Financial Group, Minna no Bank, and The Shikoku Bank, have initiated their venture on experimenting with stablecoins on an Ethereum-compatible blockchain as an initial...
Tether Has Moved Reserves to Capital Union and Two Other Firms
According to the latest report, Tether Limited Inc., the leading cryptocurrency exchange that launched the asset-backed stablecoin Tether has moved a major share of its reserves to three financial institutions...
Upcoming Stablecoins Will Benefit Cardano Network: Emurgo
Emurgo, the founding entity of Cardano, claims that the scheduled native stablecoin USDA under development will bring stability to the network, among other underlying benefits. USDA is one of the...
USDT Issuer Clears Unsecured Debt and Profits by $700M in Q4 2022
Tether Holdings Limited, the issuer of the largest stablecoin, USDT, said it no longer holds any short-term, unsecured debt against its balance sheet after announcing a $700 million profit in...
VISA Executive Reveals Plans of Stablecoin Settlement
VISA Inc, one of the biggest payment processing firms in the world, has begun experimenting with stablecoin settlements on their network. The CEO of VISA’s crypto department, Cuy Sheffield, confirmed...
Cardano Partner Plans 400% to 800% Reserve Ratio for DJED Stablecoin
COTI, the layer-one protocol overseeing the upcoming algorithmic stablecoin of the Cardano blockchain, has shared an update regarding the collateralization ratio of the coin. In a blog post over the...
Fantom Announces the Launch of fUSD Version 2, V1 Migrates to V2
The highly scalable blockchain platform Fantom shared its decision to introduce its stablecoin fUSD’s version 2, while version 1 migrates to version 2. The new version is launched with the...
COTI Initiates Chain Syncing to Unveil DJED Stablecoin Next Week
COTI, the layer-one protocol overseeing the upcoming algorithmic stablecoin of the Cardano blockchain, has officially confirmed that the long-awaiting ‘DJED’ stablecoin will premiere next week. In an official blog post...
Japan’s FSA Lifts Ban on Stablecoins; New Regulations from June
As per the reports of a local financial authority, the Financial Services Agency (FSA) of Japan announced that the new regulations on crypto would be implemented from June 2023, permitting...
WEF’s Annual Summit in Davos: Crypto Industry in Crisis?
The World Economic Forum’s (WEF) annual summit commenced on January 16 in the snowy Davos, Switzerland, intending to discuss various topics among which crypto and crypto regulations are a major...
MakerDAO Set To Retain $500 Million GUSD In Its Reserve
The community of MakerDAO is voting to decide if Gemini’s GUSD stablecoin should be held in their reserve. The vote is rather important for Gemini as the exchange navigates the...
Day 3 of WEF: How Blockchain and Stablecoins Provided Aid to Ukraine
It is the third day of the World Economic Forum, and today, the forum will hold a discussion on how Blockchains and Stablecoins successfully provided aid to refugees in Ukraine....
Russia Partners with Iran to Build Stablecoin for Cross-border Trades
Russian news outlet Vedomosti reported that Iran and Russia are collaborating on a “token of the Persian Gulf region” to be used for payment in international trade. According to Alexander...
Tether Overpowers Visa and Mastercard Concerning Settlement Volume
Reportedly, the leading stablecoin Tether (USDT) has outdone the major credit card providers including Visa and Mastercard in terms of settlement volume. Notably, the settlement volume of USDT is $18.2...
Fall of Stablecoins Will Affect US Bond Markets: Warns Eswar Prasad
During the Crypto Finance Conference, at St. Moritz, Switzerland, Eswar Prasad, Professor at Cornell University warned that the fall of the major stablecoins could severely impact the US bond markets....
Crypto Influencer Analyzes Circulating Stablecoins To Assess Chains
Today, Twitter influencer and on-chain analyst Patrick, also known as, Dynamo DeFi tweeted that circulating stablecoins is the most underrated metric for assessing chains. He also added that while this...
Justin Sun’s USDD Stablecoin Could Collapse, Says Mike Alfred
Mike Alfred, an investor who serves as a board member of BTC miner Iris Energy and digital asset investment platform Eaglebrook Advisors, recently took to Twitter to address the ongoing...
Lawmaker Proposes Digital Hong Kong Dollar Be Issued as Stablecoin
According to Wu Jiezhuang, a member of the e Hong Kong Legislative Council, developing the nation’s digital Hong Kong dollar into a stable currency could offer a slew of benefits...
Justin Sun Cashes Out $198 Million Via Stablecoin Issuer Circle
Justin Sun, the founder of the Tron blockchain and the Houbi crypto exchange advisor, recently cashed out $198 million in crypto via a stablecoin issuer, Circle. Twitter crypto tracker, Lookonchain,...
Japan’s New Bill: FSA To Lift Ban on Stablecoins in 2023
Reportedly, the Financial Services Agency (FSA) of Japan announced that the ban on the domestic distribution of Stablecoins issued overseas would be effectively lifted in 2023. Significantly, Japan’s efforts in...
Stablecoin Settlements Reach $7 Trillion in 2022, Beat Credit Card Providers
According to the data obtained from CoinMetrics, the leading crypto financial intelligence platform, stablecoins achieved a new record total settlement volume this year. Comparatively, the record volume is higher than...
Tron Network Launches Chinese Currency-pegged Stablecoin TCNH
The Tron network (TRX) is launching the equivalent of a central bank digital currency (CBDC) on the blockchain with the Chinese currency, TrueCNH (TCNH). Justin Sun, the Huobi Global crypto...
Santiment Releases Mid-Month December Report: First Half Disappoints
The on-chain analysis firm, Santiment, took to Twitter earlier this morning to share their mid-month report. One of the points highlighted in the report is the fact that Bitcoin (BTC),...
Coinbase CEO Has a Clear Regulation Plan for the Crypto Industry
Early today, Coinbase CEO Brian Armstrong suggested regulation ideas for the crypto industry in his latest blog. He outlined his plans to bring in the regulation of centralized actions and...
Crypto Addresses Depositing Stablecoins Soars to Record Levels
According to blockchain analytics company CryptoQuant, the number of currency addresses depositing Stablecoins on derivative exchanges has reached a record high (ATH). This increase happened despite the consumer price index’s...
