Tag: Stablecoin
South Korea Prosecutor Suspects Do Kwon Created a Financial Pyramid
Reading time: < 1 minuteThe CEO of Terraform Labs could face criminal charges in connection with the collapse of two cryptocurrencies associated with the project earlier this month.
Tether Cannot Avoid Publication of Data on Composition of USDT Reserves
Reading time: < 1 minuteThe US Supreme Court has refused to grant a petition by USDT issuer to prohibit CoinDesk from publishing information on the detailed composition of the stablecoin reserves.
Deus Finance DAO’s DEI Stablecoin Loses Parity with the Dollar
Reading time: < 1 minuteAlgorithmic stablecoin DEI of the Deus Finance DAO project lost its peg to the US dollar on May 15.
The Anchor Community Proposes Lower Returns on UST Deposits
Reading time: < 1 minuteThe Anchor protocol community has proposed lowering the target rate of return on UST deposits to 4%.
Janet Yellen Comments on Stablecoin UST Incident
Reading time: < 1 minuteUS Treasury Secretary Janet Yellen has called for legislation to regulate stablecoins before the end of 2022.
TRON DAO Launches USDD Jointly with Blockchain Leaders
Reading time: 3 minutesGeneva, Switzerland, 5th May, 2022, Chainwire H.E. Justin Sun, Founder of TRON, has announced the launch of USDD through the TRON DAO Reserve on Thursday,
UST Becomes One of the Three Largest Stablecoins
Reading time: < 1 minuteUST developers from the Terraform Labs team have started buying Bitcoins to secure the stablecoin.
TiTi Protocol Secures $3.5 Million to Build the First Use-to-Earn Algorithm Stablecoin
Reading time: 6 minutessingapore, singapore, 11th April, 2022, Chainwire TiTi protocol announces a successful fundraising round of $3.5 million, led by Spartan Group, with participation from SevenX Ventures,
Russian Users Start Using Crypto to Evade Sanctions
Reading time: < 1 minuteInterest in Bitcoin and other virtual currencies among Russians has increased significantly in February-March amid the limited access to foreign currencies.
Stablecoins Balance on Exchanges Soars to Historical High
Reading time: < 1 minuteAccording to CryptoQuant, the volume of stablecoins on cryptocurrency exchanges has grown to the highest level in the history of the market.
