STABLECOIN

 

Description
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".


News
News
Tether Ventures into Sustainable Energy Production and Bitcoin Mining in Renewable-Rich Uruguay
Tether, the company renowned for powering the world's foremost stablecoin, announced today its ambitious venture into energy production and sustainable Bitcoin mining in Uruguay.
Rebeca Moen
May 31, 2023

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#TETHER #USDT #STABLECOIN #PAOLO ARDOINO
#TETHER #USDT #STABLECOIN #PAOLO ARDOINO
News
News
NY Fed New Rules Cast Uncertainty on Circle's Access to Reverse-Repurchase Program
The New York Federal Reserve has updated its rules for reverse repurchase agreements (RRP), potentially hindering Circle's access to the Fed's reverse-repurchase program. The Circle Reserve Fund is a money market fund only available to Circle and could be deemed ineligible under the Fed's updated guidelines.
Luisa Crawford
Apr 27, 2023

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#NY FED #CIRCLE #REVERSE-REPURCHASE PROGRAM #STABLECOIN #MONEY MARKET FUND
#NY FED #CIRCLE #REVERSE-REPURCHASE PROGRAM #STABLECOIN #MONEY MARKET FUND
News
News
US Crypto Crackdown Hurts USD Coin
Circle CEO Jeremy Allaire has blamed the declining market capitalization of USD Coin (USDC) on the cryptocurrency crackdown by US regulators. Allaire cited global concern about the US banking system and regulatory environment as major factors.
Jessie A Ellis
Apr 27, 2023

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#CIRCLE CEO #CRYPTOCURRENCY CRACKDOWN #US REGULATORS #STABLECOIN #USD COIN #USDC #MARKET CAPITALIZATION
#CIRCLE CEO #CRYPTOCURRENCY CRACKDOWN #US REGULATORS #STABLECOIN #USD COIN #USDC #MARKET CAPITALIZATION
News
News
Visa New Crypto Initiative
Visa is developing a new crypto product to promote the adoption of public blockchain networks and stablecoin payments. The company is seeking software engineers with experience in programming, Web3 technologies, and Solidity to build the product.
Jessie A Ellis
Apr 26, 2023

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#VISA #CRYPTOCURRENCY #STABLECOIN #BLOCKCHAIN #SMART CONTRACTS
#VISA #CRYPTOCURRENCY #STABLECOIN #BLOCKCHAIN #SMART CONTRACTS
News
News
Terraform Labs Co-Founder Indicted for Terra Stablecoin Collapse
Shin Hyun-seong, co-founder of Terraform Labs, has been indicted along with nine other individuals for the collapse of the Terra stablecoin ecosystem. They are accused of fraud, breach of trust, and embezzlement, with illicit profits of nearly $350 million suspected. Prosecutors have seized assets worth a total of $180 million.
Terrill Dicki
Apr 26, 2023

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#TERRAFORM LABS #STABLECOIN #FRAUD #INDICTMENT #SHIN HYUN-SEONG
#TERRAFORM LABS #STABLECOIN #FRAUD #INDICTMENT #SHIN HYUN-SEONG
News
News
Terraform Labs co-founder defends against SEC allegations
Do Kwon, co-founder of Terraform Labs, has defended himself against allegations of fraud from the US Securities and Exchange Commission (SEC). Kwon’s lawyers have requested the dismissal of the lawsuit, claiming that the SEC's allegations are unfounded and that US law prohibits regulators from asserting jurisdiction over the digital assets in question. The lawyers also argued that the SEC failed to prove Kwon’s involvement in the collapse of Terra’s stablecoin, UST.
Jessie A Ellis
Apr 24, 2023

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#TERRAFORM LABS #DO KWON #SEC LAWSUIT #UNREGISTERED SECURITIES #STABLECOIN
#TERRAFORM LABS #DO KWON #SEC LAWSUIT #UNREGISTERED SECURITIES #STABLECOIN
News
News
Terraform Labs Co-Founder Argues Against SEC Lawsuit
Terraform Labs co-founder, Do Kwon's lawyers have argued in court against the SEC's lawsuit for illegally offering unregistered securities. The lawyers claim the SEC's acquisitions are unfounded and that the stablecoin in question is a currency, not a security. Additionally, Kwon's arrest and subsequent extradition remain uncertain.
Luisa Crawford
Apr 23, 2023

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#TERRAFORM LABS #SEC LAWSUIT #UNREGISTERED SECURITIES #STABLECOIN #EXTRADITION
#TERRAFORM LABS #SEC LAWSUIT #UNREGISTERED SECURITIES #STABLECOIN #EXTRADITION
News
News
BTG Pactual Launches Stablecoin Backed by USD
Brazilian investment bank BTG Pactual has launched its own stablecoin, BTG Dol, which is pegged to the value of the US dollar on a 1:1 ratio. The stablecoin will allow customers to "dollarize" a portion of their equity and will facilitate interaction between traditional finance and the digital economy.
Rebeca Moen
Apr 05, 2023

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#BTG PACTUAL #STABLECOIN #USD #CRYPTOCURRENCY #DIGITAL ECONOMY
#BTG PACTUAL #STABLECOIN #USD #CRYPTOCURRENCY #DIGITAL ECONOMY
News
News
Bermuda Remains Committed to Crypto Despite FTX Collapse
Bermuda's Premier and Finance Minister, Edward Burt, stated that despite the collapse of crypto exchange FTX in nearby Bahamas, Bermuda will continue to accommodate digital asset and blockchain technology companies due to the benefits they offer. The territory, which implemented a regulatory framework for digital assets, recently released its first stablecoin powered by the Polygon blockchain.
Zach Anderson
Apr 02, 2023

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#BERMUDA #CRYPTO EXCHANGE #REGULATION #DIGITAL ASSETS #STABLECOIN
#BERMUDA #CRYPTO EXCHANGE #REGULATION #DIGITAL ASSETS #STABLECOIN
News
News
MakerDAO Keeps USDC as Primary Collateral for Dai
MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.
Luisa Crawford
Mar 26, 2023

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#MAKERDAO #DAI #STABLECOIN #USDC #GUSD #USDP
#MAKERDAO #DAI #STABLECOIN #USDC #GUSD #USDP

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