Tag: Stablecoin
FTX is Exploring the Possibility of Launching a Stablecoin
Reading time: < 1 minuteFTX’s CEO Sam Bankman-Fried has said the crypto exchange is working on its own “stablecoin.”
MakerDAO to List 1/3 of 1.6 Billion USDC in Coinbase Prime
Reading time: < 1 minuteThe MakerDAO community has recently given its support to a proposal to transfer a third of USDC from the $1.6 billion Pegging Stability Module (PSM) to Coinbase Prime.
New York Federal Reserve Points to Risks of Stablecoins for Financial Stability
Reading time: < 1 minuteStablecoins add “new vulnerabilities” to the crypto market and financial stability in general, according to a study conducted by the Federal Reserva of New York.
USDC Will Integrate With Decentralized Social to Bring Web3 to The Masses
Reading time: 3 minutesLos Angeles, California, 3rd October, 2022, Chainwire A USDC integration with DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen
Circle and TBD Will Cooperate to Promote Stablecoins
Reading time: < 1 minuteTBD and the USDC issuer Circle have agreed on a partnership to promote the use of stablecoin in savings and cross-border settlements.
Tether Launches USDT on NEAR Network
Reading time: < 1 minuteTether, the issuer of the stablecoin USDT, has issued a stablecoin on the NEAR network.
Coinbase Prime May Hold a Third of USDC
Reading time: < 1 minuteUS-based crypto exchange Coinbase has put to a vote by the MakerDAO community a proposal to transfer a third of USDC to Coinbase Prime.
Acala Releases Report on Recent aUSD Incident
Reading time: < 1 minuteAccording to the report released by the team of parachain protocol Acala, 52 million erroneously issued of aUSD coins remain in the network as of September 5.
Tether Would Be Technically Insolvent If Assets Fall By 0.3%
Reading time: < 1 minuteA fall in the value of reserve assets by 0.3% could lead the issuer of the stablecoin Tether (USDT) to “technical insolvency.”
Circle Freezes USDC on Tornado Cash Addresses Due to US Sanctions
Reading time: < 1 minuteCircle has just blacklisted the USDC wallet addresses of mixing service Tornado Cash following OFAC sanctions.
