STABLECOIN
A stablecoin (or stable coin), as its name indicates, is a stable cryptocurrency designed to be resistant to the type of price volatility synonymous with cryptocurrencies like Bitcoin and Ether. The key is to understand "stable": what is "stable"? which references are pegged to make its value "stable"? In terms of what we measure the "stability".
Tether Unveils Recovery Tool for Enhanced Blockchain Stability and User Asset Protection
Tether introduces a robust blockchain recovery plan to secure USDT tokens and ensure uninterrupted access across multiple blockchains.
Hong Kong's 2024 Budget Introduces 'Regulatory Sandbox' for Stablecoin Testing
Hong Kong to launch a 'regulatory sandbox' for testing stablecoin issuance and business models, as outlined in the city's 2024 budget plan.
Circle Rolls Out Native USDC on the Celo Blockchain, Expanding Stablecoin Access
Circle has integrated USDC directly onto the Celo blockchain, enabling faster and cheaper transactions with its native stablecoin. This aligns with Circle and Celo's shared mission of increasing financial access.
The Resilience of the US Dollar in Global Finance: Insights from Fed Governor Waller
Federal Reserve Governor Christopher J. Waller defended the US dollar's global economic dominance, emphasizing its role as a physical currency, financial asset, and preferred unit of account.
Multicoin Capital's Vision for 2024: Embracing AI, Crypto, and Web3 Innovations
Multicoin Capital's 2024 outlook highlights the transformative role of AI, stablecoins, and innovative token distribution in the crypto and blockchain landscape. The firm foresees significant advancements in remittances, social applications, and various sectors integrating crypto as a foundational element.
TrueUSD Depegging Linked to Binance Launchpool Activities
TrueUSD (TUSD) depegged below its $1 parity, dropping to $0.97, amid significant selling on Binance and issues with real-time reserve attestations. The depegging was linked to activities on Binance Launchpool and raises questions about stablecoin stability and transparency.
Tether Criticizes UN Report for Overlooking USDT Traceability and Law Enforcement Collaboration
Tether rebuts a UN report accusing USDT of facilitating illicit activities, underscoring its traceability and law enforcement collaboration, and highlighting USDT's positive impact on developing economies.
Circle's 2024 USDC Economy Report Reveals Significant Growth in Stablecoin Adoption
Circle's 2024 report on the USDC economy highlights significant growth in stablecoin adoption and usage, with a 59% increase in USDC wallets and over $12 trillion settled in blockchain transactions since its inception.
Here is Why Tether Blacklisted Five TRON Addresses
Tether has blacklisted five new addresses on the TRON blockchain, highlighting its efforts to maintain network integrity and security. The largest address lost over $1.2 million USDT, aiding law enforcement and users in recovering stolen funds.
Arthur Hayes: Major Banks to Challenge Tether's Stablecoin Dominance
Major banks set to challenge Tether's stablecoin dominance, leveraging trust, compliance, and technology in a rapidly evolving market.
Tether Implements Wallet-Freezing Policy Aligned with US Regulations
Tether's wallet-freezing policy, in line with US OFAC regulations, is a proactive approach to cybercrime, setting a new standard in the crypto industry.
Curve Founder Proposes Venus Protocol Deployment on Ethereum Mainnet
Michael Egorov of Curve Finance proposes launching Venus Protocol on Ethereum Mainnet, incorporating Curve's stablecoin crvUSD and CRV as collaterals, with community support for growth.
Alameda Research Minted Over $39 Billion USDT, Amounting to Nearly Half of Tether's Circulating Supply
Recent data analysis reveals that Alameda Research minted $39.55 billion USDT, nearly half of Tether's circulating supply. The findings underscore the significant role of major crypto trading firms in stablecoin operations, with a detailed examination of USDT's creation and redemption processes.
Breaking: Visa Expands Stablecoin Settlement On Solana
Visa has expanded its stablecoin settlement capabilities, incorporating the Solana blockchain and initiating pilot programs with merchant acquirers Worldpay and Nuvei. The move aims to modernize cross-border money movement by leveraging stablecoins like Circle's USDC. Visa has conducted live pilots, transferring millions of USDC between partners over Solana and Ethereum blockchain networks to settle fiat-denominated payments authorized via VisaNet. The new settlement options enable Visa to send funds on-chain to acquirers like Worldpay and Nuvei, serving various sectors.
Circle Introduces Native USDC on OP Mainnet: What It Means for the Ecosystem
Circle launches native USDC on OP Mainnet, replacing Ethereum bridged liquidity. Collaborating with Optimism, it will be available on Coinbase's Base, Solana, Ethereum, and Mercado Pago.