Stablecoin
Stablecoins See Notable Spike in Volume Following Silvergate Scrutiny
Silvergate issues have triggered a market sell-off. Prices of major cryptocurrencies dropped with millions in liquidation. Stablecoins enjoyed a fair spike in trading volume following…
5M USDC Burned At Treasury; 10.3M USDC Transferred To Coinbase
Whale Alert reports $50 million USDC burned at USDC Treasury. Paxos was ordered to stop minting BUSD by NYDFS. Coinbase plans to delist BUSD due…
Japanese Banks Initiate Stablecoin Issuance: Proof-of-Concept Trial
Three Japanese banks have announced their decision to experiment with stablecoins on Ethereum-compatible blockchain. The experiment is an initial step towards the companies’ venture to…
Tether Has Moved Reserves to Capital Union and Two Other Firms
Tether has moved $37 billion of its reserves to Capital Union Bank in 2021. The transfer of the share followed the company’s settlement with the…
Upcoming Stablecoins Will Benefit Cardano Network: Emurgo
Two stablecoins, USDA and Djed are set to launch on Cardano in early 2023. USDA fiat-based will Djed is over-collateralized and based on an algorithm.…
USDT Issuer Clears Unsecured Debt and Profits by $700M in Q4 2022
Tether announced a $700 million profit in the last quarter of 2022. A top-ranking global accounting firm attested to the accuracy of Tether’s reserve. During…
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.…
