Search
Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases
19.8.2022
The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is directed to “real world” use cases. Among these activities are remittances, stablecoin-based yield...
Seoul Says It Is Talking to Int’l Counterparts About Streamlined Stablecoin Regulations
18.8.2022
South Korean regulators say they will move to regulate stablecoins in the wake of the “Terra/LUNA incident.”...
Read More: Seoul Says It Is Talking to Int’l Counterparts About Streamlined Stablecoin Regulations
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
18.8.2022
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said...
Tether reserve attestations to be conducted by major European accounting firm
18.8.2022
BDO Italia, a member of the BDO Global accounting organization, will begin producing monthly attestations of Tether’s USDT backing
Tether Swaps Accounting Firms, Says It Will Publish Monthly Attestation on Stablecoin Backing
18.8.2022
Stablecoin issuer Tether Holdings has tapped BDO Italia, the Italian branch of accounting firm Binder Dijker Otte, to provide attestation reports
Cash-Backed HUSD Stablecoin Loses Peg, Drops to $0.92
18.8.2022
The token issued by Stable Universal has dropped to 8% below its $1 peg
Aussies buy fuel and chips with crypto across 175 fuel outlets
18.8.2022
Commenting on the roll out, Crypto.com’s Asia & Pacific General Manager Karl Mohan tipped the adoption of an AUD-backed stablecoin as being the catalyst to make crypto payments mainstream in Australia
US Federal Reserve Minutes Show More Rate Hikes Coming, Concern About Stablecoin Risks
17.8.2022
UK Group to Test Stablecoin Payments, Provide Data to Bank of England
17.8.2022
The Digital FMI Consortium will test cross-border payments and provide recommendations to the Bank of England using its own sterling-backed stablecoin
Another depeg — Acala trace report reveals 3B aUSD erroneously minted
17.8.2022
As the dust settles on another decentralized finance exploit, Acala continues to trace tokens that were erroneously minted after a misconfiguration in a newly launched liquidity pool
UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance
17.8.2022
A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins, but details on how the rules might be interpreted by financial watchdogs are pending
Optimism fading? Regulatory discussion on stablecoins postponed until Fall
16.8.2022
While there is no shortage of legislative initiatives to regulate stablecoins, the idea of the American CBDC remains problematic
Acala’s Stablecoin Falls 99 Percent After Hackers Issue 1.3 Billion Tokens
15.8.2022
A bug in the protocol’s newly-deployed iBTC-aUSD liquidity pool left the door wide open for hackers to exploit
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
14.8.2022
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports...
Built to fall? As the CBDC sun rises, stablecoins may catch a shadow
12.8.2022
Will central banks allow stablecoins to survive? Maybe as a financial instrument for the unbanked or they will be able to peacefully co-exist?
MakerDAO Founder Suggests ‘Seriously Considering’ Depegging DAI from USD
12.8.2022
MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.”
Writing in...
Brazilian payment app PicPay launches crypto exchange with Paxos
12.8.2022
The integration with Paxos marks the first move for PicPay to introduce its 30 million customers to digital assets and help them understand Bitcoin
Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in Brazil
12.8.2022
Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos...
Interlay launches trustless BTC stablecoin bridge on Polkadot
11.8.2022
InterBTC operates as a BTC-backed stablecoin, secured by a decentralized network of overcollateralized vaults, which according to Interlay, resembles MakerDAO’s DAI token
USD Coin to Overtake Rival Stablecoin Tether in Coming Years - Survey
10.8.2022
Circle-issued, the second most popular stablecoin, USD Coin (USDC), has the potential to overtake the most popular stablecoin, tether (USDT), in coming years, according to a survey of analysts.
Most of the respondents claim that USDC will benefit from its better regulatory status, which could...