Leading cryptocurrency exchange Binance has announced it will list USD Coin (USDC), the stablecoin created by Circle and Coinbase via the CENTRE Consortium.
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The market crash of the 12th–13th of March, was an unexpected and tough trial even for seasoned investors. The actual reasons behind the crash are still up for debate.
The recent market crash caused a lot of trouble for MakerDAO, the platform behind the Dai stablecoin and the largest DeFi project by value locked. Being largely collateralized by Ether, the stablecoin was impacted heavily by the decline in ETH price and the resulting gap in collateralization.
ForkLog Consulting published an English translation of the report “Stablecoins: from electronic money on blockchain to a cryptocurrency basket.” The author of the report, Dmitry Bondar, told ForkLog about what has occurred on the stablecoin market since the publication of the Russian version of the text in question.
TrustToken, the company behind the USD-pegged stablecoin TrueUSD, has published a third-party audit report of its bank account holdings which are supporting the supply of the digital asset.
According to the latest report by research firm Diar, four major stablecoins – USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) – have breached the $5Bn mark in on-chain transactions within the three-month period.
Leading U.S. cryptocurrency exchange Coinbase announced it is launching Zcash (ZEC) trading on its professional trading platform Coinbase Pro.
Coinbase announced a $300 million fundraising round on Tuesday, October 30, which puts the San Francisco-based company’s new valuation at $8 billion and makes it one of the most highly valued startups in the United States. However, in an interview with Bloomberg TV following the announcement, Coinbase President and Chief Operating Officer, Asiff Hirji, said […]
The price of the Tether stable coin (USDT) pegged to the US dollar has tanked to an 18-month low on Monday, October 15, pushing the premium of Bitcoin and other cryptocurrencies on Bitfinex and a number of other exchanges.