Stablecoin
Economist Schiff Predicts Stablecoin Value Will Exceed BTC Value
Economist Schiff expects the value of two stablecoins to surpass the total token market cap.14% represented by the two largest stablecoins on the total market…
Outflows Of StableCoins On Exchanges Has Been On The Rise
Santiment indicates that stablecoins have increased withdrawals from exchanges.The FTX drama played a big role in these withdrawals.This high number of withdrawals have a negative…
Crypto Community Says USDD is Unsafe, Exhibits Evidence
Crypto community thinks USDD is unsafe, given some unusual activities.A crypto enthusiast alleged that $548 million in the USDD’s reserve disappeared.The stablecoin trades at $0.9863…
Singapore Proposes Measures To Reduce Risk of Crypto Trading
MAS proposed measures to reduce risks to consumers from crypto trading.The regulators also focus on enhancing stablecoin-related activities.The proposed measure will focus on consumer access,…
Binance USDC-BUSD Conversion Begins ‘Second Great Stablecoin War’
FTX’s Bankman-Fried said Binance’s auto conversion of USDC to BUSD sparks a stablecoin war.In 2018, stablecoins battled for dominance, with USDC and USDT edging out…
Silvergate Reports a Fall After Its Delayed Stable Coin Project
Silvergate's shares dropped by over 20% due to missed earnings and delays in stablecoin projects.Digital asset customers grew, but their average deposits fell, according to…
The Revenue of DAI Stablecoin Issuer Plummets by over $4M in Q3
MakerDAO saw its revenue fall in 2022 Q3 as loans declined with few liquidations.The income fell by over $4 million, representing 86% from the previous…
Influential Finance Watchdog Proposes “Comprehensive” Crypto Rules
FSB proposes the centralization of stablecoin and liquidation of powerful crypto platforms.Significant price drops in Bitcoin and other altcoins contribute to unstable stablecoins.FSB is concerned…
New Draft of MiCA Lifts Earlier Limits On Non-EUR Stablecoins
MiCA bill removes restrictions on non-EUR stablecoins. The regulator’s legislation plans to regulate businesses that deal in crypto. Changpeng Zhao commends the bill. Recent news…
Upcoming US Bill Could Place Ban on Algorithmic Stablecoin
The US legislation could place a two-year ban on the algorithmic stablecoin. Bloomberg had obtained a copy of the drafted bill. Committee members have been…
