Tagged: stablecoin

June 3, 2019 @ 10:28 am By Samantha Hurst  |  

OKEx, a Malta-based digital assets exchange, announced on Monday its new listing of USDK, a US Dollar-pegged stablecoin co-launched by its strategic partner OKLink and Prime Trust. According to OKEx, the stablecoin will be listed on OKEx’s fiat-to-token (C2C) trading platform against six fiat currencies,… Read More

June 2, 2019 @ 12:01 pm By Cali Haan  |  

An analyst writing in the latest issue of the Diar Newsletter has argued that Facebook is facing considerable “demographic challenges” to the success of its anticipated venture into cryptocurrencies. The venture, tentatively dubbed “GlobalCoin,” is now being developed at Facebook by a team of blockchain,… Read More

May 24, 2019 @ 2:54 pm By Cali Haan  |  

A spokesperson for Switzerland’s largest stock exchange, the Zurich-based SIX Exchange, has confirmed in an email to Coindesk that SIX is developing a “stablecoin” pegged to the Swiss franc for use on the company’s forthcoming digital asset exchange: “Yes, we are currently working on a… Read More

May 24, 2019 @ 2:47 pm By JD Alois  |  

A new report reaffirms that leading social platform Facebook is planning its very own cryptocurrency. The BBC has entered the mix by providing new details on the digital coin dubbed GlobalCoin for its international approach. The “Stablecoin” is expected to launch in Q1 of 2020,… Read More

May 23, 2019 @ 4:16 pm By JD Alois  |  

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

May 17, 2019 @ 3:08 am By Cali Haan  |  

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

May 14, 2019 @ 9:54 am By JD Alois  |  

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

May 12, 2019 @ 3:17 pm By Cali Haan  |  

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

May 3, 2019 @ 9:37 am By JD Alois  |  

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

May 2, 2019 @ 7:41 am By Cali Haan  |  

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

May 1, 2019 @ 12:09 pm By JD Alois  |  

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

April 26, 2019 @ 10:10 am By Cali Haan  |  

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

April 25, 2019 @ 9:13 pm By JD Alois  |  

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

April 17, 2019 @ 12:55 pm By Samantha Hurst  |  

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

April 12, 2019 @ 8:48 am By JD Alois  |  

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

April 10, 2019 @ 5:21 pm By JD Alois  |  

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

April 2, 2019 @ 12:00 pm By JD Alois  |  

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

March 29, 2019 @ 9:45 am By Samantha Hurst  |  

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

March 12, 2019 @ 8:12 am By JD Alois  |  

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

March 5, 2019 @ 12:00 pm By JD Alois  |  

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