Tagged: stablecoin

March 4, 2019 @ 12:32 am By JD Alois  |  

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

February 14, 2019 @ 6:56 am By JD Alois  |  

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

January 29, 2019 @ 12:00 pm By JD Alois  |  

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

January 29, 2019 @ 2:34 am By Erin Hobey  |  

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

January 23, 2019 @ 10:07 pm By JD Alois  |  

In commemoration of Davos 2019, Globcoin is launching a stablecoin backed with the top 15 global currencies, weighted by their GDP and adjusted for purchasing power parity, and gold. The GLX coin is claimed to be the most stable means of payment as it is… Read More

January 16, 2019 @ 8:53 pm By Cali Haan  |  

Two Belarusian investment companies, VP Capital and Larnabel Ventures, have launched a platform called Currency.com to sell Ethereum-based digital tokens they say represent stocks and commodities like Apple, oil and gold, Yahoo Finance reports. The site will reportedly buy the tokens using other cryptocurrencies. PR… Read More

December 26, 2018 @ 11:30 am By Samantha Hurst  |  

Bitfinex, a digital asset trading platform, announced last week it has opened margin trading for USDT/USD pair to improve its stablecoin offering in line with market evolution and consumer demand. The platform revealed in a blog post: “At Bitfinex we work tirelessly to ensure our platform… Read More

December 23, 2018 @ 11:13 pm By Samantha Hurst  |  

SALT, a U.S.-based Blockchain-Backed Loans provider for cryptocurrency holders, announced last week it has partnered with CENTRE Consortium to begin accepting USD Coin (USDC) as collateral. According to SALT, USDC is a new stablecoin backed by the US dollar. While sharing more details about the stablecoin, SALT’s CTO and… Read More

December 22, 2018 @ 7:59 am By JD Alois  |  

A report this week indicates that Facebook is moving into the cryptocurrency space with the launch of a Stablecoin. It has been widely reported that Facebook has put together a blockchain team but this is the first indication the company will be creating its own… Read More

December 19, 2018 @ 9:22 am By JD Alois  |  

Stablecoins are currently a hot sector of crypto. Tied to an asset like fiat currency like the US dollar, or a commodity, these digital currencies are designed not to fluctuate dramatically in a crypto world with endemic volatility. A recent report indicated that more than… Read More

December 13, 2018 @ 8:00 am By JD Alois  |  

Paxos, and its stablecoin Paxos Standard token (PAX), has topped $5 billion in transactions in just three months, according to a note from the company. PAX says that to date it has been used in $5,245,958,124.65 worth of transaction volume, including exchange trading volume and… Read More

December 10, 2018 @ 9:49 pm By JD Alois  |  

Fragments has rebranded itself as Ampleforth as it introduces a noncollateralized stablecoin called Amples. Amples proposes a “framework for creating an Ideal Money that is inflation-proof, sovereign free and capable of storing both near and long-term value.” Predecessor Fragments used a smart contract called the reserve… Read More

November 9, 2018 @ 6:36 pm By JD Alois  |  

This is a first. Arca Funds, an institutional/high net worth investor  – asset manager and fund creator for digital assets, has filed a registration statement with the Securities and Exchange Commission (SEC) for the Arca US Treasury Fund. The goal is to trade the security… Read More

November 6, 2018 @ 11:16 am By Samantha Hurst  |  

AlphaPoint, a U.S.-based blockchain company focused on enabling institutions to launch, scale, and operate digital asset networks and exchanges all over the world, announced on Tuesday it has integrated exchange-independent stablecoin TrueUSD (TUSD) into its exchange technology network.   AlphaPoint reported that the integration will enable its… Read More

October 29, 2018 @ 5:00 am By JD Alois  |  

Announced the first day of the Crypto Summit in Zurich, Switzerland, Smart Valor has launched a project to create the first stablecoin backed by the Swiss Franc. Smart Valor is a digital assets platform and compliant marketplace for crypto – including security tokens. The Swiss… Read More

October 8, 2018 @ 11:16 am By JD Alois  |  

Last week, the Israeli Blockchain Forum hosted a meetup with the Israeli Tax Authority (ITA). CPA Roland Am-Shalem, Senior Deputy Director General at the Authority, participated in the meetup.  The event was shared in a post by Igal Nevo, CEO of the Forum. Acc0rding to Nevo: “Roland… Read More

October 4, 2018 @ 10:36 pm By Samantha Hurst  |  

Blockchain-based real estate marketplace QuantmRE announced on Thursday it has teamed up with global financial services technology Securrency to create the infrastructure to support its real estate trading platform and launch globally compliant stablecoin and cryptocurrency ecosystem EQRE. Founded in 2017, QuantmRE is seeking to become the… Read More

September 13, 2018 @ 9:35 am By JD Alois  |  

Oneiro has launched a cryptocurrency stablecoin that is not pegged to any fiat currency such as the dollar or euro. Stablecoin ndau is described as the “world’s first buoyant coin optimized for long term store of value.”  The stablecoin is said to include built in… Read More

September 10, 2018 @ 7:33 pm By JD Alois  |  

The New York Department of Financial Services (DFS) says they are continuing to foster responsible growth in the Fintech sector following the authorization of stablecoins issued by both the Gemini Trust Company and Paxos Trust Company. The Gemini Dollar will be pegged to the US… Read More

August 9, 2018 @ 12:11 am By JD Alois  |  

  Kowala, a stablecoin protocol that is said to maintain price-pegs to fiat currencies by robotically minting and burning coin supply according to demand, announced that their dollar-tied “kUSD”, is the first stablecoin to earn public platform support from Ledger – hardware wallet. Crypto holders… Read More