Stablecoin Financial News

01.08 / 13:51

Stablecoin defi Aave Aave DAO approving overcollateralized stablecoin splits crypto community

Aave DAO, the governance body behind decentralized finance (DeFi) giant Aave (AAVE) protocol, has unanimously voted in favor of creating an overcollateralized stablecoin called GHO.

01.08 / 06:19

business Stablecoin Tether Usd Coin Tether calls thesis behind USDT short-selling 'flat out wrong'

Tether, the issuer of Tether (USDT), says that hedge funds that attempted to short its stablecoin after Terra’s collapse in May are using a thesis that is “incredibly misinformed” and “flat out wrong.”

29.07 / 12:29

Ethereum Stablecoin Tether Bitcoin Most Bitcoin Use Happens During European and US Business Hours

Most of the activity on the Bitcoin (BTC) network now happens during European and US business hours, with a notable drop in the share of activity happening during Asian hours, a new report from the crypto analytics firm Coin Metrics has found.

29.07 / 11:47

Blockchain Stablecoin defi Hackers Exploit Solana-based stablecoin NIRV drops 85% following $3.5M exploit

Solana-based algorithmic stablecoin NIRV has become the latest stablecoin to fail after dropping 85% from its United States dollar peg following a hack on adaptive yield protocol Nirvana Finance on Wednesday.

28.07 / 06:15

Stablecoin regulation Investments IMF Terra Usd Backed Pain ahead for algorithmic and non-cash backed stablecoins: IMF director

The International Monetary Fund (IMF)'s director of capital markets believes there could be further failures of "coin offerings," including algorithmic stablecoins amid the ongoing crypto winter.

27.07 / 22:16

business Stablecoin Tether Report Tether says it holds zero Chinese commercial paper, denies 85% exposure

Major stablecoin issuer Tether has reiterated that the company plans to completely rid itself of commercial paper backing for its U.S.-dollar stablecoin USDT.

26.07 / 17:49

Stablecoin defi governance community Lido DAO Votes Against Selling LDO 10M Tokens to Dragonfly Capital

The community members of Lido Finance, a decentralized finance (DeFi) protocol and third-party staking pool operator for Ethereum (ETH) 2.0, have voted against a proposal to sell LDO 10m tokens to crypto investment firm Dragonfly Capital for DAI 14.5m.

26.07 / 07:37

Ethereum Stablecoin Tether TRON Tron is Eating into Ethereum’s Share of the Tether Market, But It Will Have to Do More to Become a Serious Rival

Tron (TRX) has long been the butt of jokes and insults from much of the crypto sector, stretching back to 2019 (and even earlier) and continuing to the present day.

26.07 / 01:17

Law Stablecoin Congress Bill addressing stablecoins risks in US likely delayed until September: Report

Lawmakers in the United States House of Representatives have reportedly pushed back the timeline for considering a bill addressing the potential risks of stablecoins.

25.07 / 13:01

business Stablecoin Tether Bitfinex Tether, Bitfinex, Hypercore collab to launch encrypted P2P apps

Staying true to the “bear market is for building” motto, crypto exchange Bitfinex along with Tether (USDT) and Hypercore announced the launch of a fully encrypted platform, Holepunch, for building peer-to-peer applications. As part of the initiative, the trio launched Keet, an encrypted application capable of facilitating real-time audio and video calls, text chat and file sharing.

25.07 / 05:57

business Stablecoin Adoption DAI NOT Stablecoin projects need collaboration, not competition: Frax founder

Stablecoin projects need to take a more collaborative approach to grow each other’s liquidity and the ecosystem as a whole, says Sam Kazemian, the founder of Frax Finance.

22.07 / 07:37

cryptocurrency Stablecoin NFT Bitcoin Top Cryptocurrency Prices on July 22: Bitcoin hovers at Rs 18 lakh, Polkadot biggest gainer

Major cryptocurrencies traded in the green early on July 22 as the global crypto market cap increased 1.89 percent to $1.05 trillion over the last day. The total crypto market volume declined 19.36 percent to $76.17 billion over the last 24 hours.

21.07 / 14:01

Stablecoin CFTC SEC Europe Regulators across the ocean discuss stablecoins and MiCa at joint forum

It’s not every week that regulators from both sides of the Atlantic ocean come together to discuss cryptocurrencies. But that's what happened last week, with European and American counterparts sharing their thoughts on stablecoins, central bank digital currencies (CBDCs) and the Markets in Crypto assets (MiCa) proposal.

21.07 / 06:53

cryptocurrency Stablecoin Luna raid South Korea prosecutors raid crypto exchanges, offices for Luna investigation

South Korean prosecutors carried out search and seizure operations at local crypto-currency exchanges and related offices, looking for evidence of illegal practice involved in the collapse of crypto-currency Luna in May.

20.07 / 22:55

Stablecoin regulation legislation Financial UK financial markets bill authorizes regulation of stablecoins, service providers

The Financial Services and Markets Bill was introduced into the UK Parliament on July 20. The comprehensive bill, which was meant to preserve the UK’s leading place in the financial world post-Brexit, repealed retained EU laws, reformed certain insurance laws, supported victims of financial fraud and established new growth and competitiveness objectives. The bill also regulated stablecoins.

20.07 / 17:21

Government Law Stablecoin Europe Demand for widely used euro stablecoin is huge, says DeFi expert

The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 billion. Some reports estimate that the total market cap of dollar-backed stablecoins is over $160 billion.

19.07 / 13:41

Ethereum Stablecoin defi DAI Staking Pool Lido to Expand to Ethereum L2s, New Proposal Seeks 'Operating Runway' for DAO in Stablecoins

Lido Finance, a decentralized finance (DeFi) protocol and third-party staking pool operator for Ethereum (ETH) 2.0, aims to expand services across various Ethereum Layer 2 (L2) scaling solutions. Meanwhile, a new proposal seeks to secure around two years of "operating runway" for Lido DAO in stablecoins.

19.07 / 13:19

Stablecoin Binance defi Liquidity Liquidity protocol uses stablecoins to ensure zero impermanent loss

At a time when the decentralized finance (DeFi) protocols have seen a significant outflow of funds from the market, maintaining liquidity has become even more challenging. Liquidity plays a central role in the DeFi ecosystem, and many protocols over time have come up with various new solutions to keep liquidity pools brimming. The latest trend in the liquidity market is focused on cross-chain solutions.

19.07 / 01:33

Stablecoin regulation Circle Circle CSO lays out policy principles for stablecoins in US

Dante Disparte, Circle’s chief strategy officer and head of global policy who has previously testified at congressional hearings, has called on United States lawmakers to balance the risks with developing a regulatory path for stablecoins.

18.07 / 18:25

business Government Stablecoin Bitcoin Backed ‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin

The Russian government-backed tokenization platform Atomyze has issued its first digital asset backed by palladium in collaboration with the local bank Rosbank.

18.07 / 02:57

Blockchain Stablecoin Europe Tether Threat NOT Burdensome but not a threat: How new EU law can affect stablecoins

The year 2022 saw not only drastic dips in leading cryptocurrencies and financial markets in general but also major legislative frameworks for crypto in prominent jurisdictions. And while the “crypto bill,” co-sponsored by United States senators Cynthia Lummis and Kirsten Gillibrand, still has a long way to go, its European counterpart, the Markets in Crypto-Assets (MiCA), had finally made it through Tripartite negotiations.

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