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Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support
17.6.2022
BTC and altcoins could continue to see selling, but a positive is that traders took shelter in stablecoins instead of completely exiting the crypto market
Circle Launches Second Major Stablecoin Backed 1:1 by the Euro
16.6.2022
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle...
Total supply of stablecoins dropped sharply for first time ever in Q2
16.6.2022
A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels
Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments
14.6.2022
Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to 11% annually on their USDC and USDT funds, with the earnings being deposited in customers’...
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
13.6.2022
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital...
Human Rights Advocates Insist Bitcoin ‘Provides Financial Inclusion’ — Refutes Claims in Critics’ Letter to US Congress
13.6.2022
Human rights defenders from 20 countries have insisted that bitcoin “provides financial inclusion and empowerment because it is open and permissionless.” Together with stablecoins, the cryptocurrency offers “unparalleled access to the global economy” for people from...
Moneygram Launches USDC Crypto-to-Cash Program in Certain Markets
12.6.2022
Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets...
Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation
12.6.2022
Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from...
What can other algorithmic stablecoins learn from Terra’s crash?
12.6.2022
The main problem that led to the fall of Terra was that the reserves appeared to be overcollateralized, but in reality, they weren’t
Congreso estadounidense podría aprobar ley de stablecoins este año, según legisladores
11.6.2022
El colapso de terraUSD no ha hecho más que echar más leña al fuego para aquellos que dicen que el sector necesita claridad regulatoria, y rápido
Crypto Biz: Stablecoins are paving the way for mass adoption of crypto, June 2–8
10.6.2022
Checkout.com, FTX, PayPal and Crypto.com headline the latest business news from the world of cryptocurrency and blockchain
New York state releases guidance for issuing dollar-backed stablecoins
8.6.2022
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type
Checkout.com Reveals Merchants Can Accept and Make Payments in USDC
8.6.2022
On Tuesday, the financial technology company Checkout.com announced that it will allow merchant settlements using the stablecoin USDC via a partnership with the crypto firm Fireblocks. Checkout.com further detailed that in a beta test with select clients, the company settled $300 million...
Regulador cripto de Nueva York publicó una guía formal para los emisores de stablecoins
8.6.2022
NYDFS estableció requisitos estrictos de reserva y certificación para los emisores de criptomonedas estables, en un esfuerzo para proteger a los consumidores y las instituciones financieras
Human rights activists take aim at privileged crypto critics in letter to Congress
8.6.2022
The group of 21 activists provided examples of how crypto assists people around the world, saying “tens of millions” rely on Bitcoin (BTC) and stablecoins as a way to access financial tools
Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins
7.6.2022
The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated that private banks in the country...
Jewel Bank Approved as Bermuda's First Digital Asset Bank as Premier Burt Readies to Take Nation Into Stablecoins
7.6.2022
The Bermuda-based bank will take advantage of crypto-friendly regulations to service global digital asset firms
Governor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’
4.6.2022
Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while the market is still relatively small at a worldwide level, the cryptocurrency market is now bigger than subprime...
Japan Adopts Legislation Establishing Legal Framework for Stablecoins
3.6.2022
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of...
These are the least 'stable' stablecoins not named TerraUSD
2.6.2022
Some stablecoins have failed to deliver the dollar's stability to crypto traders long before TerraUSD's collapse