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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".

Popular
USDT USDC TUSD BUSD DAI GUSD USTC FRAX USDP TUSD USDD

Altcoins

Paypal Confirms Plans to Launch its Platform Specific Stablecoin

American payments giant Paypal Holdings Inc has confirmed it is working on its own digital currency which may take the form of a stablecoin.

Godfrey Benjamin

Jan 10, 2022

| 2 Min Read

#PAYPAL #CRYPTOCURRENCIES #STABLECOIN #LIBRA #REGULATION

Stablecoin

FTX Exchange Offers $1M to First bank in Each Region who Accept Stablecoins

FTX exchange announced on Twitter that it will provide the first bank in each region with a bonus of $1 million.

Annie Li

Dec 29, 2021

| 2 Min Read

#BLOCKCHAIN #BITCOIN #FTX #EXCHANGE #STABLECOIN

Politics

Myanmar's Shadow Political Entity Adopts USDT as its Primary Currency

Myanmar’s shadow political entity, the National Unity Government (NUG), has reportedly adopted the Tether (USDT) stablecoin as its primary currency to bypass the sanction from the military regime.

Godfrey Benjamin

Dec 14, 2021

| 2 Min Read

#MYANMAR #TETHER #STABLECOIN

Regulation

Japan’s Financial Regulator Proposes New Legislations, Limiting Stablecoin Issuance to Banks

Japan’s FSA is working on a legislation that is set to be introduced next year. The regulations seek to make it only wire transfer companies and banks can issue stablecoins.

Nicholas Otieno

Dec 07, 2021

| 2 Min Read

#JAPAN #REGULATION #STABLECOIN #ISSUANCE #BANKS

DeFi

Is the Rise of Decentralized Finance an "Illusion"? BIS Thinks so!

The Bank of International Settlements (BIS), has called the growth in the decentralized finance (DeFi) ecosystem an “illusion” with a handful of criticisms.

Godfrey Benjamin

Dec 07, 2021

| 2 Min Read

#BIS #DEFI #STABLECOIN

CBDC

Republic of Palau Partners with Ripple to develop National Digital Currency Strategy

Ripple has been tapped to help Palau develop a U.S. dollar-backed digital currency, which is seen as a viable alternative to CBDC.

Nicholas Otieno

Nov 25, 2021

| 3 Min Read

#PALAU #RIPPLE #NATIONAL DIGITAL CURRENCY #PAYMENT #STABLECOIN

Stablecoin

Hindenburg Research Hunts $1M Bounty for Information on Tether's Dollar Reserve

Hindenburg Research is offering a $1 million bounty to anyone that can provide information about Tether’s stablecoin reserves.

Godfrey Benjamin

Oct 21, 2021

| 2 Min Read

#HINDENBURG RESEARCH #TETHER #STABLECOIN

Enterprise

Facebook Taps Coinbase to Offer Custody Services for Novi Digital Wallet Rollout

Facebook is launching Novi digital wallet. The social giant has hired Coinbase to serve as a custody partner.

Nicholas Otieno

Oct 20, 2021

| 3 Min Read

#FACEBOOK #COINBASE #CUSTODY #NOVI #DIGITAL WALLET #PAXOS DOLLAR #USDP #STABLECOIN

Cryptoeconomics

G20-Backed FSB Sets Out Roadmap for Stablecoins and CBDCs, Optimizing Cross-Border Payment System

The FSB, a G20-backed think tank, has cited the duo of government-issued CBDCs and stablecoins as key drivers in the pursuit of better cross-border payments.

Godfrey Benjamin

Oct 15, 2021

| 2 Min Read

#G20 #FSB #STABLECOIN #CBDC #CROSS BORDER PAYMENT

Stablecoin

Bloomberg’s Damning Report on Tether Receives Response from the Stablecoin Issuer

Where is Tether keeping its stablecoin reserve? A Bloomberg reporter has asked this and many more questions. Tether fires back as the allegations are made.

Godfrey Benjamin

Oct 08, 2021

| 2 Min Read

#BLOOMBERG #STABLECOIN #TETHER

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