Tagged: stablecoins

October 25, 2021 @ 10:21 pm By JD Alois  |  

The President’s Working Group on Financial Markets (PWG) is expected to soon publish its anticipated report on the burgeoning stablecoin market. In addition to the US Secretary of the Treasury, the PWG includes the Chair of the Board of Governors of the Federal Reserve System,… Read More

October 21, 2021 @ 12:06 pm By JD Alois  |  

Formerly known as Libra and then Diem, Facebook’s (NASD:FB) scaled-back entrance into the digital currency sector has announced the firm’s Novi digital wallet pilot program is rolling out – starting with Guatemala and the United States. The pilot is designed to confirm operational readiness as… Read More

October 18, 2021 @ 11:04 am By JD Alois  |  

Circle, a stablecoin issuer and aspiring banking platform, is now supported on the Hedera Hashgraph network, according to a note from the company. USDC is a dollar-based stablecoin with over $30 billion in circulation that is widely utilized for payments in the crypto ecosystem. Hedera… Read More

October 15, 2021 @ 5:44 pm By JD Alois  |  

As was reported earlier today, Tether – the leading dollar-based stablecoin (USDT), along with crypto exchange Bitfinex, were the targets of enforcement actions issued by the US Commodity Futures Trading Commission (CFTC). Both platforms are required to pay penalties with Tether paying $41 million and… Read More

October 14, 2021 @ 11:19 am By JD Alois  |  

US House of Representatives Patrick McHenry, Tom Emmer, and Warren Davidson have co-authored a letter addressed to the Secretary of the US Department of Treasury Janet Yellen. The Congressmen have requested that Yellen clarify her position on stablecoins – digital assets typically tied to fiat… Read More

October 6, 2021 @ 8:13 pm By Omar Faridi  |  

The team at Coin Metrics, including researchers Nate Maddrey and Kyle Waters have released their State of the Network Q3 2021 wrap-up report. In the latest edition of the State of the Network report, the Coin Metrics team has taken a data-driven look at what… Read More

October 6, 2021 @ 10:51 am By JD Alois  |  

Stablecoins, typically described as digital assets pegged to another asset or basket of assets, are designed to replicate a fiat currency in a digital environment. Stablecoins are frequently utilized in the digital asset sector to seamlessly move between other crypto-assets and into an asset that… Read More

October 4, 2021 @ 4:04 pm By JD Alois  |  

Trovio Capital Management (TCM) has announced the creation of the Digital Asset Income Fund for investing in stablecoin based decentralized finance (DeFi) protocols. TCM is a subsidiary of The Trovio Group based in Australia. The Fund is said to be institutional-grade to enable a safe… Read More

October 3, 2021 @ 3:10 pm By Omar Faridi  |  

Centre, the consortium that has been established by global Fintech Circle and digital assets firm Coinbase (COIN: Nasdaq) to offer standards and governance for USD Coin (USDC), which has become one of the  fastest-growing “digital dollar” currencies, reveals that recent MIT Digital Credentials Architect Kim… Read More

October 3, 2021 @ 11:31 am By Omar Faridi  |  

Gro, the “protected” stablecoin yield farming protocol, is pleased to confirm that Jake Chervinsky, General Counsel at Compound Labs, will be joining the Gro team as a “strategic” advisor. As mentioned in a release shared with CI, Jake brings “a wealth of experience in the… Read More

October 2, 2021 @ 9:24 am By Omar Faridi  |  

Cosmostation has been chosen by Kava Labs as the very first ecosystem partner to receive a certain portion of the $185 million Kava Ignition Fund. As mentioned in an update from Kava Labs, an open-source developer of financial services for decentralized finance (DeFi), the funds… Read More

October 1, 2021 @ 8:10 am By Omar Faridi  |  

COTI is pleased to confirm that its Visa debit cards and bank account are accessible to the public. With assistance from Simplex, both of these financial tools should help with addressing “economic inequality.” As noted in an update shared with Crowdfund Insider, COTI aims to… Read More

September 28, 2021 @ 9:00 am By Omar Faridi  |  

Acala, the decentralized finance (DeFi) network and liquidity hub of Polkadot, reveals that it has formed a partnership with Blockdaemon, a blockchain or DLT  infrastructure provider, in order to support its newly-developed staking derivatives for Polkadot (DOT) and Kusama (KSM). As noted in an update… Read More

September 20, 2021 @ 4:23 pm By Tony Zerucha  |  

Technicorum Holdings, an IT and service group specializing in digital assets and incubator of DeFi and NFT project KingSwap, today announced Gennix, a microlending protocol aimed at reducing financial inequality on the blockchain, has struck a strategic business partnership with DTC to integrate fiat-crypto payment… Read More

September 20, 2021 @ 11:40 am By Omar Faridi  |  

Digital assets firm Circle notes that at the beginning of July 2021, they had announced support for stablecoin USDC on the TRON blockchain, which is one of the largest open (or permissionless) blockchain networks. TRON aims to support a wide crypto ecosystem “popular within Asian… Read More

September 16, 2021 @ 9:49 am By Omar Faridi  |  

Digital assets firm Gemini reveals that it now supports trading with Moss Carbon and Terra, in addition to new metaverse, infrastructure, and stablecoin tokens. As mentioned in an update shared with CI: “Today, [the Gemini team is] delighted to announce support for a new set… Read More

September 15, 2021 @ 10:00 pm By Omar Faridi  |  

Growth DeFi has integrated Chainlink (LINK) price feeds on the Binance Smart Chain (BSC) mainnet for their collateralized stablecoin lending protocol, MOR. By integrating Chainlink’s decentralized Oracle network, the MOR protocol will be able to gain access to “high-quality” and “tamper-proof” price feeds required to… Read More

September 15, 2021 @ 9:00 am By Omar Faridi  |  

HaloDAO is collaborating with YGG for “local” stablecoin support “for simpler cash out,” according to an update shared with Crowdfund Insider. HaloDAO, a stablecoin marketplace protocol, is working cooperatively with Yield Guild Games (YGG) to “enable YGG community members to support simpler cash outs in… Read More

September 10, 2021 @ 9:41 am By Omar Faridi  |  

NFTs have become quite popular with a diverse group of consumers including professional NBA athletes like Stephen Curry and even former heavyweight boxing champion Mike Tyson is talking about these digital collectibles. NFTs have quickly become the most-widely discussed topic in the crypto space. Even… Read More

September 7, 2021 @ 7:48 pm By Omar Faridi  |  

Matrixport, one of the fastest-growing digital assets financial services platforms in Asia, reveals that it has introduced “BTC-U Range Sniper,” which is described as an innovative “first-mover” product, which enables traders and investors to earn greater returns when the Bitcoin price “moves within a specified… Read More