Stablecoin
VISA Executive Reveals Plans of Stablecoin Settlement
VISA is testing stablecoin settlement on its payments network. The payments giant wants to shift from the SWIFT network. The company is using the Ethereum…
Cardano Partner Plans 400% to 800% Reserve Ratio for DJED Stablecoin
COTI said the DJED over-collateralization range would be from 400% to 800%. The 400-800% is considered ideal as ADA has only a 66% average monthly…
Fantom Announces the Launch of fUSD Version 2, V1 Migrates to V2
Fantom announced the launch of the new version of its stablecoin fUSD. The co-founder Andre Cronje shared a post announcing that the stablecoin would migrate…
COTI Initiates Chain Syncing to Unveil DJED Stablecoin Next Week
COTI confirmed that the long-awaiting ‘DJED’ stablecoin would premiere next week. The chain index syncing process is the last technical step before DJED goes live.…
Japan’s FSA Lifts Ban on Stablecoins; New Regulations from June
Japan’s FSA announced that it has decided to lift the ban on stablecoins. From June 2023, domestic investors would be allowed to trade using stablecoins.…
WEF’s Annual Summit in Davos: Crypto Industry in Crisis?
The annual summit of WEF in Davos commenced on January 16. When comparing the last conference, the number of crypto enthusiasts was fewer. The attendees…
MakerDAO Set To Retain $500 Million GUSD In Its Reserve
MakerDAO’s community is voting to determine if it should hold GUSD in its reserve. Gemini’s recent troubles have prompted this governance vote for its stablecoin.…
Day 3 of WEF: How Blockchain and Stablecoins Provided Aid to Ukraine
CEO of Blockchain solution providing firm Stellar will be speaking in two sessions today at WEF. In the first session, CEO Denelle Dixon will address…
Russia Partners with Iran to Build Stablecoin for Cross-border Trades
Russia, and Iran are working together to develop a gold-backed stablecoin. The stablecoin replaces fiat currencies in cross-border transactions. Russia will regulate cryptocurrency transactions in…
Tether Overpowers Visa and Mastercard Concerning Settlement Volume
Tether has outperformed the major credit card providers including Visa and Mastercard. The current settlement volume of Tether is $18.2 trillion. The settlement volume of…
