Tagged: stablecoin

Neutral Dollar Stablecoin Founder Slams Tether

Matt Branton, CTO of Neutral and architect of Neutral Dollar – an aspiring stablecoin, has slammed stablecoin leader Tether in a statement. Neutral Dollar (NASD) is a stablecoin pegged to a basket of four other stablecoins (USDC, PAX, DAI, TUSD) which just recently went live…. Read More

At Key Moment, Facebook Hires Two Former Compliance Officers from Coinbase

Facebook has picked up two former employees from Coinbase, the San Francisco-based crypto trading platform, Coindesk reports. In all likelihood, the two may have been hired to contribute to Facebook’s top-secret go at creating a price-stabilized cryptocurrency for use in a Facebook-linked payments system the… Read More

FCA Licensed e-Money Institution Paysend Plans Stablecoin on Stellar

Paysend Group, an FCA licensed e-Money institution, is planning to issue a stablecoin in June. Paysend is using Stellar to provide the crypto that will allow its users to send instant global payments without the traditional cross-border fees. Paysend notes that Stellar was designed expressly… Read More

Details Emerge on Possible Features of Facebook’s Anticipated Cryptocurrency

Facebook (NASDAQ:FB) is stuffing its ranks with former PayPal staff, and an announcement regarding the company’s much-anticipated stab at creating a cryptocurrency may come as early as next quarter, though the company is still far from a viable product, unnamed sources tell Bloomberg. Facebook has… Read More

FBCoin: Report Supports Ongoing Chatter that Facebook will Launch its Own Cryptocurrency for Payments

Yesterday WSJ.com published a new report regarding Facebook’s push into crypto. The fact that Facebook has been kicking the tyres of blockchain and digital currency is no surprise as the social media platform has long been said to be heading down this path. What is… Read More

Tether Lawyer Admits the Stablecoin Only 74% Backed

A lawyer for iFinex, the company behind the Bitfinex cryptocurrency exchange and”stablecoin” Tether (USDT), has admitted in an affidavit that the company only has enough cash on hand to cover 74% of the tethers it has issued into cryptocurrency trading markets. In the affidavit, “Stuart… Read More

Scott Purcell of PrimeTrust on Tether: They Refused an Audit, that Means One Thing – Fraud

The crypto world is still regrouping from the reality that Bitfinex/Tether is being pursued by a lawsuit filed by New York Attorney General Letitia James. Stablecoin Tether, operated by the owners of Bitfinex, is a big part of the fraud allegations leveled by the state…. Read More

Tether Responds to New York AG Investigation, Claims “Lost” Funds “Seized and Safeguarded”

The PR team at cryptocurrency company Tether has vigorously denied allegations included in a New York court order claiming the company “lost” $850 million USD in customer funds to a Panamanian entity called Crypto Capital then “co-mingled” customer and company funds to cover the loss…. Read More

New York Attorney General Issues Court Order Alleging Fraud Pertaining to Bitfinex and Tether. Cover Up of $850 Million Loss is Claimed.

New York Attorney General Letitia James has obtained a court order against crypto exchange Bitfinex ( iFinex Inc.) and stablecoin Tether alleging violations of New York law in connection with “ongoing activities that may have defrauded New York investors that trade in virtual or cryptocurrency…. Read More

Universal Protocol Alliance Announces Universal Euro Stablecoin Launch

The Universal Protocol Alliance, a group of leading blockchain companies including Bittrex International, Brave, Blockchain at Berkeley, Uphold, Cred and CertiK, announced on Wednesday the launch of the Universal Euro (UPEUR) in select jurisdictions. UPEUR is a Euro-pegged stablecoin collateralized 1:1 with the Euro and… Read More

“Neutral Dollar” Stablecoin Launched by Sequoia Funded Neutral

Neutral, a Sequoia Capital China funded blockchain firm, has announced the launch of their first product: Neutral Dollar. The crypto is a stablecoin that is collateralized by PAX, TUSD, DAI, and USDC. Neutral said the basket of assets will “evolve” over time and include other… Read More

Arca: We Believe that Crypto and Blockchain as an Asset Class is Most Suitable for Institutional Investors

As the heady days of initial coin offerings continue to dim, proponents of digital securities are moving to leverage blockchain to issue digital assets in a regulated and compliant manner. In the US, if you issue a tokenized offering it is pretty much a security… Read More

TrustToken Issues Next Stablecoin: British Pound backed TrueGBP

TrustToken has launched its next stablecoin: TrueGBP. The crypto is backed 1-for-1 with the British Pound Sterling. TrustToken’s first stablecoin was the US dollar backed TrueUSD. TrueUSD is listed on exchanges including Binance, OKEx, DigiFinex, Bittrex, and Huobi TrueGBP, just like TrueUSD, will provide monthly… Read More

Universal Protocol Alliance Prepares Set to Launch Euro Stablecoin

The Universal Protocol Alliance, a group of leading blockchain companies including Bittrex International, Brave, Blockchain at Berkeley, Uphold, Cred and CertiK, announced on Thursday it is set to launch Universal Euro in April. According to the Alliance, the latest stablecoin offers in the family of… Read More

Gibraltar Blockchain Exchange Lists Multiple Stablecoins, PAX, DAI, TUSD, USD Coin, and GUSD to Trade this Week

The Gibraltar Blockchain Exchange (GBX), a regulated digital asset exchange, has added five stablecoins to the Digital Asset Exchange (GBX-DAX). These include: Paxos (PAX), Maker (DAI), TrustToken (TUSD), USD Coin (USDC), and Gemini dollar (GUSD) will be trading on the GBX-DAX from Wednesday, March 13th…. Read More

TrustToken Adds Real Time Confirmation for Stablecoin TrueUSD

On their one year anniversary, TrustToken has added real-time confirmation of funds and 1-click redemptions for their stablecoin TrueUSD. TrustToken said the new feature created a “new standards for fiat-backed stablecoins.” Via a partnership with accounting firm Armanino, TrueUSD traders will be able to view… Read More

Kakao Ventures Backs Blockchain based Payment Platform & Stablecoin Terra

Blockchain-based payment platform Terra has received an investment from VC Kakao Ventures – an independent subsidiary of South Korea’s internet firm, Kakao. The amount of the investment was not disclosed but was said to fund the expansion and mainstream usage of Terra’s blockchain payment solution… Read More

JP Morgan Chase Announces Own Stablecoin: JPM Coin

JP Morgan Chase, a traditional bank whose CEO Jamie Dimon famously called Bitcoin a fraud, is issuing its own stablecoin: JPM Coin. According to CNBC, Umar Farooq, Head of JP Morgan’s blockchain projects predicted the JPM Coin may be huge for corporations. “Money sloshes back and… Read More

Bittrex Joins Universal Protocol Alliance, Creators of “Universal Dollar” Stablecoin

Bittrex International has joined the Universal Protocol Alliance which announced the creation of the “Universal Dollar” or UPUSD stablecoin last fall. The founding members of the Alliance include; Uphold, Cred, Blockchain at Berkeley, and Brave. Each entity supports a “universal transparent reserve and custody standard that… Read More

Terra Unites with Fantom to Accelerate Mainstream Stablecoin Adoption

Terra, a project building the next-generation payment system based in Singapore and Korea,  has partnered with South Korean based Fantom, a DAG-based smart contract platform for real-time cryptocurrency payments, to accelerate the mainstream adoption of its stablecoin. Terra and its alliance of eCommerce partners will… Read More

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