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STASIS EURS, The First Euro-Pegged Stable Coin, Listed on OKCoin

OKCoin cryptocurrency exchange announced on Monday it has listed STASIS EURS (EURS), the first euro-pegged stable coin. Authorized OKCoin customers already can deposit and withdraw EURS, while trading is enabled in EURS/USD, EURS/EUR, and EURS/BTC.

Stablecoin Report: One Year Later

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 Publishes Third-Party Audit Report for TrueUSD Stablecoin

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.

Facebook Allegedly Aiming to Raise $1 Billion for Its Crypto Project

Facebook is seeking support from venture capital firms to invest in its crypto-related project, targeting to raise as much as $1 billion. The news was revealed by NY Times reporter Nathaniel Popper in a series of twits on Monday, April 8.

SEC Advisor Says Some Stabecoins Might be Violating Securities Laws

In what could be a new turn in the discussion about the legal status of stablecoins, the U.S. Securities and Exchange Commission’s advisor for Digital Assets, Valerie Szczepanik suggested that certain types of stablecoins “could raise issues under securities laws.” 

Anchor – Will The New Stablecoin Be an Ultimate Solution to Preserving Monetary Value?

While today’s global economic ecosystem is plagued by instability, market volatility and inflation, various financial institutions are coming up a with a solution generally known as stablecoins. Stablecoins are cryptocurrencies designed to minimize the volatility of the price, relative to some “stable” asset or basket of assets. A stablecoin can be pegged to a currency, […]

Tether to Issue New USDT Stable Coin on Tron Blockchain

Tether Limited, issuer of USDT stable coin, has announced a partnership with Blockchain protocol Tron to introduce USDT as a native token to the Tron network.

JPMorgan Launches Its Own Cryptocurrency for Instant Settlement of Payments

In a surprising move, banking giant JPMorgan has announced the release of its cryptocurrency JPM Coin, claimed to be the first to be issued by a bank. The token will be used mainly to settle payments using the money, securities, and other assets by between the company’s payment business clients.

New Stablecoins See Significant Growth in Adoption While Tether Dominance Drops

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.

Binance Adds Support for Circle’s USDC Stablecoin

Leading cryptocurrency exchange Binance has announced it will list USD Coin (USDC), the stablecoin created by Circle and Coinbase via the CENTRE Consortium.

Swiss Firm Obtains Sharia Compliance Certificate for Ethereum-based Stablecoin

X8 AG, a Swiss fintech company has received Islamic finance certification for its stablecoin built on the Ethereum blockchain protocol.

Price of Tether USDT Plummets to 18-Month Low as OKEx Adds Four Stable Coins

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.