Tagged: stablecoin

June 17, 2022 @ 8:36 am By Omar Faridi  |  

Circle Internet Financial, a global internet finance firm and issuer of USD Coin (USDC), announced that it is preparing “to issue a fully-reserved, euro-pegged stablecoin from the United States called Euro Coin (EUROC).” Available June 30, Euro Coin is “a regulated, euro-backed stablecoin issued under… Read More

June 14, 2022 @ 11:32 pm By Omar Faridi  |  

Algorithmic stablecoins became the “focal point” of the crypto industry in May, following the depegging of UST from the US dollar “which triggered the LUNA bloodbath,” the team at Huobi notes. The report from Huobi pointed out that this had “a knock-on effect on other… Read More

June 13, 2022 @ 3:47 pm By Omar Faridi  |  

Coinme, a cryptocurrency cash exchange in the U.S., and Circle, a global internet finance firm and the issuer of USD Coin (USDC), recently announced at Consensus 2022 a strategic collaboration “to integrate USDC into Coinme’s global cash onramp and offramp ecosystem.” The integration “promotes financial… Read More

June 11, 2022 @ 2:03 pm By Omar Faridi  |  

Circle has announced that they have signed agreements to acquire CYBAVO, which is a “breakthrough” crypto tech firm. Established in 2018, CYBAVO claims that it is a pioneer in core crypto security, custody, operations, and blockchain infrastructure platform services, “providing services to leading firms across… Read More

May 29, 2022 @ 4:20 pm By JD Alois  |  

Waves, an issuer of another algorithmic stablecoin Neutrino USD (USDN) has distributed a plan to reanimate its troubled stablecoin. USDN lost its “peg” back in April tanking to around $0.66 and while it has bounced back a bit – now around $0.97 – USDN has… Read More

May 28, 2022 @ 6:26 pm By Omar Faridi  |  

Tether Operations Limited, the company operating the blockchain-enabled platform tether.to that “powers the largest stablecoin by market capitalization of over US $73 billion,” has launched Tether tokens (USDt) on Polygon (formerly MATIC), “a leading blockchain development platform.” The addition of Tether to the Polygon ecosystem… Read More

May 21, 2022 @ 1:04 pm By Omar Faridi  |  

Following the Luna de-peg and the collapse of the UST stablecoin last week, Terra co-founder Do Kwon has unveiled a proposal for what he calls “the path forward.” This included forking the Terra chain “into a new chain without the algorithmic stablecoin, with the old… Read More

May 17, 2022 @ 7:54 am By Omar Faridi  |  

The crypto ecosystem is a “diverse tapestry” of tokens, protocols, projects, and applications, the team at Gemini writes in a blog post. At Gemini, they believe in making crypto “more accessible and easier to understand as the industry continues to develop ever more quickly.” Knowledge… Read More

May 10, 2022 @ 9:21 am By JD Alois  |  

There has been a certain amount of panic and a large amount of discussion regarding UST (TerraUSD), an algorithmic stablecoin ostensibly pegged to the US dollar, losing its one-to-one valuation. Currently, UST is recovering trading around $0.9273 but in the past 24 hours, UST traded… Read More

May 8, 2022 @ 11:24 pm By Omar Faridi  |  

Bittrex, a U.S.-headquartered virtual currency exchange, recently announced that it has added support for USD Coin (USDC) to its list of crypto trading pairs.” Traders will now have the ability “to trade against USDC along with other quote currencies currently available on the Bittrex exchange.”… Read More

April 30, 2022 @ 5:48 pm By JD Alois  |  

  It was reported earlier this month that crypto startup Beanstalk was the target of an exploit that saw a theft of up to $180 million in value. Around the time of the Attack, the Bean team stated “We’re engaging all efforts to try to… Read More

April 25, 2022 @ 6:19 pm By JD Alois  |  

Last week it was reported that stablecoin project Beanstalk had been the target of an attack where up to $181 million in value was stolen. Beanstalk is a “decentralized credit-based stablecoin protocol that is built on Ethereum. ” The premise being that other stablecoins have… Read More

April 18, 2022 @ 3:46 pm By JD Alois  |  

Stablecoin project Beanstalk has been the target of an attack that reportedly has seen over $180 million pilfered. In a tweet yesterday, Beanstalk said they had “suffered an exploit” without providing too many details. Beanstalk suffered an exploit today. The Beanstalk Farms team is investigating… Read More

April 12, 2022 @ 9:53 pm By JD Alois  |  

Circle, the second largest stablecoin issuer in the world (USDC), has raised more money. The $400 million investment was backed by BlackRock,  Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. Circle said in a public statement that the round would close in Q2…. Read More

April 10, 2022 @ 8:00 pm By Omar Faridi  |  

Arf, which claims to be the first compliant cross-border payment network running on stablecoins, has announced the upcoming launch of its product, Arf Credit. Arf Credit will offer “an instant working capital credit line for MSBs worldwide.: Traditionally, when a money service business (MSB) wants… Read More

March 27, 2022 @ 3:30 pm By Omar Faridi  |  

As the global crypto market keeps growing, stablecoins are playing “a more indispensable role, with TRC20-USDT becoming a mainstay.” On March 23, 2022, Tether’s (USDT) official data showed that “the supply of TRC20-USDT topped 40.7B, surpassing that of ERC20-USDT (39.8B).” This is another milestone for… Read More

March 22, 2022 @ 11:45 am By Omar Faridi  |  

Just when you thought their open-sourced ShapeShift V2 platform was sounding like a “one-stop-shop” solution for your cryptocurrency requirements, the team at ShapeShift claims that they have made further enhancements with the integration of the Gem on- and off-ramp embedded user interface. This will allow… Read More

March 21, 2022 @ 10:16 am By JD Alois  |  

Circle, a digital asset platform that powers a leading dollar-based stablecoin, USDC, has reported an information breach via a third-party service provider – Hubspot. According to an email distributed by Circle, HubSpot has “confirmed that an unauthorized bad actor accessed certain client data from several… Read More

March 18, 2022 @ 3:21 pm By Tony Zerucha  |  

World Mobile Group, a global mobile network combining renewable energy with blockchain technology, has partnered with COTI, creator of the DJED stablecoin and ADA Pay, which allows merchants to accept ADA for their goods and services. Through the partnership, COTI brings ADA Pay to retailers and… Read More

March 7, 2022 @ 6:59 pm By Omar Faridi  |  

Luna Foundation Guard, which secured $1 billion to establish a Bitcoin reserve for the UST stablecoin, has confirmed that the funding would be channeled towards creating a new reserve that may serve as a release valve for UST redemptions at the time of selloffs in… Read More