Tagged: stablecoins

September 24, 2019 @ 8:01 am By Omar Faridi  |  

The governor of the Bank of Japan (BoJ) Haruhiko Kuroda has requested the international community to work together to develop a regulatory framework for stablecoins, including Facebook’s Libra. In statements shared with Reuters on Tuesday, Kuroda noted: “If Libra is introduced, it could have a… Read More

September 11, 2019 @ 6:55 am By JD Alois  |  

The planned international scope of Libra requires an internationally coordinated approach. The Swiss Financial Market Supervisory Authority (FINMA) has published guidelines on treatment of stablecoins under Swiss law. Stablecoins are virtual currencies or cryptocurrencies which attempt to hold a stable value by pegging itself to… Read More

August 27, 2019 @ 10:00 am By JD Alois  |  

TokenSoft, a security token issuance and management platform for digital securities, is now accepting stablecoins approved by regulators like the New York Departments of Financial Services (NYDFS). These include the Gemini Dollar (GUSD), USD Coin (USDC) and Paxos Standard (PAX). Investors may now participate in… Read More

August 19, 2019 @ 1:40 pm By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Monday its new open blockchain project, called Venus. According to Binance, Venus is described as an initiative to develop localize stablecoins and digital assets pegged to fiat currencies across the globe. “Binance is looking to create new alliances and partnerships… Read More

August 6, 2019 @ 2:43 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Tuesday it started offering cash and stablecoin loans to users in Spain. Accoridng to the platform, the loans are starting at just 4.95% per year and are claimed to represent the lowest cost available anywhere… Read More

July 21, 2019 @ 5:01 pm By JD Alois  |  

As part of the G7 meeting in France last week, a series of announcements were made. The G7 represents the seven largest advanced economies in the world. Finance ministers from these countries descended upon Chantilly, France to discuss a multitude of issues. One of these… Read More

June 30, 2019 @ 1:25 pm By Cali Haan  |  

Blockdata, a 2018-founded company maintaining a database of “objective information about the companies, projects, products, and tokens that comprise the blockchain ecosystem,” has produced an interesting report about stablecoins called “An overview of the current state of stablecoins.” Blockdata found that so far, at least… Read More

June 1, 2019 @ 8:15 am By Cali Haan  |  

Tethers, controversial “stable” crypto-coins created to allow quick moves in and out of cryptocurrency trading positions are being introduced onto the EOS network, a newer rival of the Bitcoin and Ethereum networks. Tethers are issued by the Tether company, which announced the plan May 31st… Read More

May 17, 2019 @ 8:54 am By JD Alois  |  

France is becoming a hotbed of crypto innovation. The French government will soon finalize law that will create a regulated path for initial coin offerings that issue utility tokens (ie not securities).  Policy movement like this is only possible with the explicit support of public… Read More

April 29, 2019 @ 2:38 pm By Cali Haan  |  

Researchers at LongHash, “a global blockchain incubator supported by the Singapore government,” have concluded that surging stablecoin trading volumes corresponded with a sudden 15% increase in the price of Bitcoins on April 2nd of this year. On that day, the price of one bitcoin, which… Read More

April 26, 2019 @ 11:33 am By Cali Haan  |  

Chainalysis, an American company at the forefront of cryptoforensics (cryptocurrency transaction investigation), says it has added tracking of four “stable coins” to the suite of coins its “KYT” software can monitor. Chainalysis says its KYT (Know Your Transaction) software has already been being used by,… Read More

April 24, 2019 @ 12:00 pm By JD Alois  |  

TrustToken is all in on Stablecoins having just announced four new Stablecoins each backed by fiat currency. TrustToken is launching the following stablecoins: TrueAUD, TrueEUR, TrueCAD, and TrueHKD. As one would expect, these coins represent Australian Dollars, Euros, Canadian dollars and Hong Kong Dollars. TrueAUD… Read More

January 13, 2019 @ 9:29 pm By Filipe Castro  |  

Are stablecoins the future of cryptoassets? In the quest to develop a digital token with the decentralization aspects of bitcoin and none of the associated volatility has sparked interest from many. From talented tech teams, economists and VCs it seems stablecoin projects have the potential… Read More

November 9, 2018 @ 8:52 am By Samantha Hurst  |  

Cobinhood announced on Thursday it has added four new stablecoins to its crypto exchange platform. The coins, which are now available, are the Gemini Dollar (GUSD), MakerDao (DAI), Paxos Standard Token (PAX) and TrueUSD (TUSD). According to Cobinhood, each of the stablecoins have a unique set of features… Read More

October 15, 2018 @ 11:51 am By Samantha Hurst  |  

Global blockchain payments provider BitPay announced on Monday it is now offering the option for merchants to receive settlement in Circle and the CENTRE USD//Coin (USDC) and the Gemini Dollar (GUSD), which are both stablecoins pegged to the U.S. Dollar. According to BitPay, merchants and businesses around the world can accept… Read More

September 10, 2018 @ 5:13 pm By JD Alois  |  

In a blog post today, Cameron and Tyler Winkelvoss, co-founders of Gemini Trust, revealed the launch of a new stablecoin: the Gemini Dollar. According to the two brothers, the Gemini dollar  will be issued by Gemini, a New York trust company and the stablecoin will be built… Read More

October 1, 2016 @ 2:48 pm By JD Alois  |  

The advent of digital currencies and blockchain technology has engendered great consternation and interest from policy makers around the world. The concept of bitcoin or other cryptocurrencies may be the next step in fiat currency. Having made the leap from barter to coins and then… Read More