Stablecoin Financial News

27.06 / 06:35

business Blockchain Stablecoin Carbon Credits ANZ's stablecoin used to buy tokenized carbon credits

ANZ’s stablecoin A$DC has been used to buy Australian tokenized carbon credits, marking another critical test of the asset’s use cases in the local economy.

25.06 / 03:33

Stablecoin Adoption MasterCard Survey Mastercard: 51% of Surveyed Consumers in Latin America & the Caribbean Have ‘Experienced’ Crypto

Interest in crypto is piquing in Latin America and the Caribbean (LAC), where the payments giant Mastercard says over half of “consumers” have already had at least one encounter with crypto.

24.06 / 16:19

Stablecoin Bitcoin Threat NOT CBDC may threat stablecoins, not Bitcoin: ARK36 exec

Central bank digital currencies (CBDC) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive believes.

22.06 / 17:18

Stablecoin Adoption Tether USDT Tether Launches GBP-pegged Stablecoin, Supports UK Plan to Become ‘Cryptoasset Hub’

The stablecoin issuer Tether, known as the company behind the world’s largest stablecoin USDT, on Wednesday announced the launch of a new stablecoin pegged to the British pound.

22.06 / 11:27

business Blockchain Stablecoin Tether Tether to launch GBPT stablecoin pegged to British pound sterling

Major stablecoin company Tether is expanding its stablecoin offering with a new cryptocurrency pegged to the British pound sterling (GBP).

22.06 / 08:27

Ethereum Stablecoin Adoption Tether USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B

USD Coin is taking a run at the title of the top stablecoin in crypto after its daily ‘real volume’ on the Ethereum network doubled that of Tether’s USDT on Tuesday.

20.06 / 17:11

business Stablecoin Bitcoin Record stablecoin market share points to crypto upside: JPMorgan

The rapid surge in share of stablecoins like Tether (USDT) in the cryptocurrency market may point to an upcoming crypto upside, according to analysts at the American investment bank JPMorgan Chase.

20.06 / 16:15

business Blockchain Stablecoin investigation South Korean prosecutors ban Terra employees from exiting the country: report

Terra (LUNA) employees are reportedly unable to leave South Korea as the country's prosecutors imposed a departure ban on key developers of the project.

20.06 / 12:59

business Stablecoin World Bitcoin Crypto industry fears contagion as bitcoin slips under $20,000

The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout.

20.06 / 12:37

Ethereum cryptocurrency Stablecoin Bitcoin Crypto meltdown: Bitcoin hovers around $20,000 as major players struggle

The cryptocurrency industry was on edge on Monday morning as investors feared that contagion from problems at major crypto players could unleash a major shakeout if not contained.

18.06 / 08:41

business Blockchain Stablecoin Dollar Magic Internet Money token depegs as Terra (LUNA) domino effect persists

Magic Internet Money (MIM), a US dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens losing their $1 value amid an untimely crypto winter. The sudden de-pegging of the MIM token commenced roughly on June 17, 7:40 pm ET, which saw the token’s price drop to $0.926 in just three hours.

18.06 / 00:53

business Stablecoin regulation coinbase class action Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD

A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and alleging that it failed to disclose its financial relationship with Terraform Labs. This is the second class-action suit outstanding against Coinbase. A suit was filed last month in connection with the depegging of GYEN in November.

18.06 / 00:53

Stablecoin regulation Federal Reserve Reserve Stablecoins highlight 'structural fragilities' of crypto — Federal Reserve

The Federal Reserve’s board of governors pointed to stablecoins as a potential risk to financial stability amid a volatile crypto market.

17.06 / 16:29

Government Stablecoin SEC Bitcoin Elusive Bitcoin ETF: Hester Perice criticizes lack of legal clarity for crypto

The crypto sector may be maturing, but regulatory clarity around the treatment of digital assets continues to remain cumbersome.

17.06 / 16:29

Stablecoin Tether Usd Coin Low Tether's USDT market cap dips below $70B for an 8-month low

Tether (USDT), the biggest stablecoin and the third largest digital currency by market capitalization, continues losing its market value amid the current market downturn.

17.06 / 06:51

Stablecoin Tether Scams Loans Inverse Finance exploited again for $1.2M in flashloan oracle attack

Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flashloan exploit that saw the attackers make off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (WBTC).

17.06 / 06:51

Ethereum Stablecoin Bitcoin Bitcoin Price 72 of the top 100 coins have fallen 90% or more: Here are the holdouts

According to price data from CoinGecko compiled by CoinGoLive, the current bear market has seen a whopping 72 out of top-100 tokens fall more than 90% from their all-time highs.

16.06 / 17:21

markets business cryptocurrency Stablecoin Firm behind popular US dollar stablecoin to launch Euro Coin

Cryptocurrency company Circle said Thursday that it will start issuing its first euro-denominated cryptocurrency, a stablecoin known as Euro Coin, later this month.

16.06 / 16:01

business Stablecoin Circle Euro Backed Circle launches euro-backed stablecoin EUROC

USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to the euro, signaling to the market that demand for crypto foreign exchange services remains high despite recent industry turmoil.

16.06 / 05:45

business Blockchain Stablecoin Tether Time Total supply of stablecoins dropped sharply for first time ever in Q2

The total supply of stablecoins saw its sharpest drop in history during Q2 2022, with stablecoin redemptions spiking as a result of “short-term liquidity and concerns about insolvency that were not present during the panic of 2020," according to data analytics firm Coinmetrics.

15.06 / 13:03

Stablecoin Tether Tether Condemns 3 'False Rumors’ About Its Exposure

Tether, the company that issues the biggest USD-pegged stablecoin USDT, said that it condemns what it calls “false rumors” that its holdings include large amounts of Chinese commercial paper that supposedly trades at a discount. The company also distanced itself from Celsius (CEL) and Three Arrows Capital-related rumors.

Stablecoin Financial News

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