Tag: Stablecoin
Asia-focused Multi-currency Stablecoin Protocol, Bluejay Finance, Raises $2.9M in Funding
Reading time: 3 minutesSingapore, Singapore, 20th July, 2022, Chainwire Bluejay Finance, a capital-eff icient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies, has raised $2.9M in
Circle Publishes its First Monthly Report on USDC Collateral
Reading time: < 1 minuteAccording to the unaudited report of Circle, as of the end of June, $42.12 billion of the $55.7 billion USD Coin (USDC) stablecoin collateral was held in US Treasury bills and $13.58 billion in cash at regulated banks.
The Demand for Stablecoins Grows in Argentina
Reading time: < 1 minuteArgentinian citizens are becoming increasingly interested in stablecoins following the unexpected resignation of Argentina’s Minister of Economy.
USDT’s Market Cap Falls Below $70 Billion
Reading time: < 1 minuteThe total market value of Tether-issued USDT stablecoins has dropped to $69.3 billion, a level that was not seen since October 2021.
Market Maker Cumberland Says a Leading Stablecoin Will Collapse
Reading time: < 1 minuteOTC crypto platform Cumberland has not ruled out the next asset that is in danger of collapsing will be one of the leading stablecoins.
Crypto Exchange Upbit Warns Against Risks Associated with Algostablecoins USDN and USDD
Reading time: < 1 minuteSouth Korean exchange Upbit has warned against the risks of price fluctuations for the WAVES and TRON (TRX) cryptocurrencies.
Analysts are Concerned About USDD Activity
Reading time: < 1 minuteHedge fund Oapital, which has profited from the collapse of UST from Terra, has started to make large transfers in USDD and other stablecoins.
Tether Launches USDT on the Tezos Blockchain
Reading time: < 1 minuteTether, the issuer of the stablecoin USDT, has announced that it has launched the asset on the Tezos blockchain.
The South Korean Police Opens Investigation Against Terraform Labs Employee
Reading time: < 1 minuteThe Seoul Police Department has initiated an investigation against one of the employees of Terraform Labs.
The UK Proposes Measures to Protect Against the Collapse of Stablecoins
Reading time: < 1 minuteHM Treasury has recently submitted for public comment a document that introduces a series of additional measures aimed at protecting against the collapse of “stablecoins”
