Stablecoin
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…
Fall of Stablecoins Will Affect US Bond Markets: Warns Eswar Prasad
Eswar Prasad warned that the fall of the major stablecoins could have a severe impact on the US bond markets. Prasad stated that the regulators…
Crypto Influencer Analyzes Circulating Stablecoins To Assess Chains
Twitter influencer Dynamo DeFi tweeted that circulating stablecoins is the best metric to study chains. Stablecoins cut out reflexivity, wash trading, and other corrupt metrics.…
Justin Sun’s USDD Stablecoin Could Collapse, Says Mike Alfred
Investor Mike Alfred recently stated that Justin Sun is Huobi’s shadow owner. Alfred mentioned that Justin has been sending billions of dollars worth of stablecoins…
