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.
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.
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.”
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 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.
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.
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 cryptocurrency exchange Binance has announced it will list USD Coin (USDC), the stablecoin created by Circle and Coinbase via the CENTRE Consortium.
X8 AG, a Swiss fintech company has received Islamic finance certification for its stablecoin built on the Ethereum blockchain protocol.
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.
Cryptocurrency exchange Gemini, which was founded by Cameron and Tyler Winklevoss, has announced the launch of the “Gemini Dollar” (GUSD), a dollar-backed stablecoin built on the Ethereum network according to the ERC20 standard for tokens.