Tagged: stablecoins

Paolo Ardoino, CTO at Bitfinex, Says Tether’s USDT Stablecoin Will Remain Relevant Even When CBDCs are Launched

Paolo Ardoino, the CTO at Bitfinex and Tether and a highly skilled computer programmer, recently noted that the fairly recent involvement of world governments in projects aimed at launching their own central bank digital currencies (CBDCs) should not have a negative impact on stablecoins like… Read More

For the First Time Ever, Ethereum Address with 100,000 USDC Stablecoins Gets Blacklisted Following Orders from Law Enforcement

An Ethereum address, for the very first time, with 100,000 USDC stablecoin was recently blacklisted. The transaction, which may be viewed via Etherscan, an Ethereum (ETH) blockchain explorer, confirms that a “blacklist(address investor)” function was initiated on June 16, 2020, by 0x5dB0115f3B72d19cEa34dD697cf412Ff86dc7E1b, which is an… Read More

Decentralized Apps Experience Dramatic Surge in Activity in June 2020, Led by $500 Million Increase in DeFi Protocol Compound’s Balance Sheet

The blockchain-based decentralized applications (dApps) ecosystem appears to have experienced significant growth during Q2 2020. As expected, most of the development involved decentralized finance (DeFi) apps running on Ethereum (ETH), the world’s largest smart contract platform. Decentralized (or non-custodial) crypto exchanges (DEXs) led the way… Read More

Consumers Might Shift Financial Holdings to Stablecoin Denominated Assets if Existing Payments Systems aren’t Improved, Sweden’s Riksbank Says

In February 2020, Sweden began piloting an electronic version of its national currency, the e-krona. The European nation’s government had confirmed at that time that the e-krona was a step closer to its official launch as a central bank digital currency (CBDC). Riksbank, the central… Read More

Jeremy Allaire, founder of Fintech Circle: “We won’t Believe that We Ever Needed to Pay to Send Money” in the Future

Jeremy Allaire, founder of Circle Internet Financial, a peer to peer payments technology firm, has said that in the future, when we look back at how transactions were conducted, we “won’t believe that we ever needed to pay to send money.” San Francisco-based crypto exchange… Read More

Tether’s USDT Stablecoin Grows Faster on Compound Protocol than Others, Has Potential to Streamline Cross-Border Payments: Report

The global stablecoins markets recently surpassed the $11 billion mark. Many blockchain and crypto firms are beginning to realize the potential of stablecoins in facilitating many different types of transactions including cross-border or remittance payments. Tether (USDT), the blockchain-powered platform that powers the world’s largest… Read More

Fintech Projects like Facebook-led Libra Stablecoin Initiative, Digital Yuan, COVID-19 are Transforming Money to an Extent “Never Before Seen”: Report

Technological advancements, money and payment systems have been closely linked from the earliest days of society and human civilization. However, technology is now transforming money and global payment platforms “to an extent and speed never before seen,” according to recent paper titled, “After Libra, Digital… Read More

Morgan Creek Digital’s Jason Williams Earned Over $200,000 in Interest after Depositing $2.5 Million in Gemini USD with BlockFi

Jason “Parabolic” Williams, general partner at Morgan Creek Digital and founder of FastMed Urgent Care, recently revealed that he has made over $200,000 in interest alone after depositing $2.5 million in Gemini USD (a “scalable” stablecoin that has 1:1 “transferability” with the US dollar) on… Read More

Blockchain Platform Ontology and Bitcoin Suisse to Strengthen European and Asian Digital Asset and DLT Ecosystems

Ontology (ONT), a “high-performance” enterprise blockchain platform developed in 2017 by a Chinese firm called OnChain, which is headed by Erik Zhang and Da HongFei, the developers of the NEO Blockchain (which was initially used to launch Ontology), has confirmed that it will be working… Read More

Stablecoins are “Systemically Important” to Bitcoin’s Ecosystem, as Number of Addresses with 1,000 BTC Increases by 8.9% in Past Year: Report

The number of Bitcoin addresses holding at least 0.1 BTC has again hit a new all-time high. Glassnode data reveals that there are now 3,054,282 Bitcoin addresses holding 0.1 BTC, valued at around $950 at current rates. As previously reported, the last all-time high was… Read More

Facebook’s Libra Stablecoin Project, Ethereum (ETH), Near, Bitcoin Cash are Currently Most Active Development Projects: Report

  The controversial Facebook-led Libra project is reportedly the most active project in terms of developer activity, according to CoinCodeCap data. There are 41 active developers working on Libra, meanwhile, Ethereum (ETH), the world’s largest smart contract platform, has 36 active developers, the data site… Read More

Kava Labs DeFi Lending Platform Goes Live with Binance Coin (BNB) Collateral Support, USDX Stablecoin Loans

The Kava’s decentralized finance (DeFi) lending platform went live on June 10, 2020.  It features Binance Coin (BNB) collateral, USDX loans, and allows network participants to earn rewards. The Kava Labs team noted: “With this … launch, Kava [aims to] open the doors of DeFi… Read More

Turkish Stablecoin BiLira to Launch on AVA, an Open-Source Blockchain Platform for Creating DeFi Apps

The Turkish stablecoin BiLira will reportedly be launching on AVA, an open-source platform for building and deploying decentralized finance (DeFi) apps and enterprise-grade blockchain solutions that can be run in “one interoperable, highly scalable ecosystem.” The AVA Labs team says that the new stablecoin should… Read More

Facebook’s Libra Serves as Signal that Fintech Firms like Visa, Paypal, Booking.com Were Eager to Explore Stablecoins, Blockchain Advisor Argues

Stablecoins are digital assets pegged 1-to-1 (in most cases) to major world currencies like the  US dollar or British pound (GBP), or even gold.  In most cases, stablecoin tokens are based on blockchain or some type of distributed ledger technology (DLT). The largest amount or… Read More

Binance to Reportedly Launch its Stablecoin BUSD on Harmony Protocol’s Blockchain Network

Binance, the world’s largest cryptocurrency exchange, will reportedly launch its stablecoin, Binance USD (BUSD) on Harmony protocol’s blockchain network. Stephen Tse, founder at Harmony, noted via Twitter that the launch is “just in time for Harmony’s Binance Launchpad anniversary.”   BREAKING: @binance USD (BUSD) will… Read More

Tether and Aave Protocol Report Significant Increase in USDT Demand, Due to Growing Interest in DeFi

Tether, the blockchain-powered platform that’s used to power the largest stablecoin by market cap, and Aave Protocol, an open-source and non-custodial money market protocol, have reported a significant increase in demand for Tether (USDT). They claim that the surge in demand for USDT may be… Read More

Non-Custodial Exchange Uniswap Recorded $1.9 Million in 24-Hr Stablecoin DAI / Ethereum (ETH) Trading Volume, Coinbase Pro Only $0.2 Million

  Hayden Adams, the inventor of Uniswap, a widely-used non-custodial digital asset exchange, claims that decentralized trading platforms are “already beating centralized ones for a ton of ETH/ERC-20 pairs.” Adams acknowledges that trades involving fiat and cross-chain cryptocurrency pairs are still mostly being done on… Read More

Stablecoins Could Reach $1 Trillion Market Cap in 5 Years, According to Experienced Venture Capitalist focused on Blockchain Space

Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic investments in various digital asset projects, has argued that stablecoins will reach a $1 trillion+ market capitalization in the next five years. Stablecoins… Read More

Binance USD (BUSD) Stablecoin Added to KyberSwap Exchange and other dApps based on Kyber Network

BUSD (Binance USD), a stablecoin pegged 1:1 with the US dollar, will be accessible via the KyberSwap exchange and other decentralized applications (dApps) and platforms that are based on the Kyber Network, a widely-used on-chain liquidity protocol in the decentralized finance (DeFi) space. BUSD has… Read More

Swiss Financial Services Firm Eidoo Introduces Stablecoin based, Visa Crypto Debit Card

Bitcoin (BTC) and other digital currencies can be difficult to spend because most merchants still do not accept them. The Switzerland-based firm, Eidoo, is planning to help consumers easily spend virtual currencies by launching a Visa crypto debit card that will use regulated or compliant… Read More

Send this to a friend