Stablecoin Financial News
07.06 / 08:53
Stablecoin
regulation
Money laundering
New Japanese law may allow seizure of stolen crypto
Japan’s Justice Ministry is reportedly considering a revision of an asset seizure law relating to organized crime to include a stipulation that crypto can be commandeered in such instances.
07.06 / 01:17
markets
Ethereum
Stablecoin
Latin America
Reserve
rights
Reserve Rights (RSR) builds momentum ahead of its long-awaited mainnet launch
Bitcoin was created to give the average person a peer-to-peer economic system and a store of wealth asset that could provide financial autonomy and access to banking, especially for people living in places where financial services are sparse or non-existent.
06.06 / 14:37
Stablecoin
Tether
TRON
Bitcoin
Justin Sun's Tron Reveals More Details of USDD Backing in a Move to Distance It from UST
Crypto entrepreneur Justin Sun’s blockchain Tron (TRX) has revealed details about the backing of its new algorithmic stablecoin USDD in what appears to be an effort to maintain confidence in the project following the collapse of major algorithmic stablecoin terraUSD (UST).
06.06 / 12:13
Blockchain
Stablecoin
defi
Terra
Algorithmic stablecoin unveils new ways to preserve its peg to US dollar
UST's dramatic collapse sent shockwaves through the crypto markets — and led to probing questions on whether algorithmic stablecoins can, and should, have a place in the world of DeFi.
04.06 / 16:47
Blockchain
Technology
Stablecoin
Adoption
Is education the key to curbing the rise of scammy, high APY projects?
Most people who have dealt with cryptocurrencies in any capacity over the last couple of years are well aware that there are many projects out there offering eye-popping annual percentage yields (APY) these days.
03.06 / 22:15
markets
Waves
Stablecoin
Terra Usd
crypto market cap
Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve
The total crypto market capitalization has ranged from $1.19 trillion to $1.36 trillion for the past 23 days, which is a relatively tight 13% range. During the same time, Bitcoin’s (BTC) 3.5% and Ether’s (ETH) 1.6% gains for the week are far from encouraging.
03.06 / 19:31
Stablecoin
Altcoin
Hard Fork
Terra
Silver
The crypto market dropped in May, but June has a silver lining
May 2022 was not for the faint-hearted. Even the most embattled and experienced crypto traders were tested in the first two weeks of the month on a brutal drop following the United States Federal Reserve’s announcement that interest rates would be rising by 0.5%.
03.06 / 17:23
Stablecoin
defi
DAO
DAI
MakerDAO ‘Endgame Plan’ Calls for Specialized DAOs, Says Protocol is Held Back by Complexity
A detailed proposal to bring the MakerDAO (MKR) protocol to a “predetermined, immutable end state” by setting up several new decentralized autonomous organizations (DAO) has been published by the protocol’s founder Rune Christensen. The plan aims to improve governance and tap into “the raw power of modern [decentralzed finance] (DeFi) innovation.”
03.06 / 16:59
Blockchain
Technology
Stablecoin
Adoption
Luna Classic
Terra 2.0: A crypto project built on the ruins of $40 billion in investors' money
Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes of Binance CEO Changpeng “CZ” Zhao, Terra co-founder Do Kwon managed to relaunch the collapsed network with a new chain called Terra 2.0 (Phoenix-1).
03.06 / 15:43
markets
cryptocurrency
Stablecoin
Money
Terra Usd
‘Crypto winter’ freezes hiring at Gemini and Coinbase after Terra crash and Bitcoin slump
Crypto winter is coming - or perhaps it is already here - as the last month has shown the industry has been frostbitten.
03.06 / 14:39
Stablecoin
Investing
Legal
Big Wallets Exited Anchor/UST While Smaller Fish Continued to Invest - Jump Crypto
A number of bigger Terra (LUNA) ecosystem investors abandoned their positions as the terraUSD (UST) peg began to slip away last month – with smaller-scale investors continuing to buy as the coin’s price plummeted, according to the trading firm Jump Trading Group’s crypto arm Jump Crypto.
03.06 / 14:01
business
Law
Stablecoin
Terra Usd
Japan passes bill to limit stablecoin issuance to banks and trust companies
Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm.
03.06 / 12:35
Stablecoin
regulation
FTX
Japanese Parliament Green-lights Stablecoin Legislation, FTX Makes Official Japanese Debut
Japan’s upper parliamentary house, the House of Councillors, has approved a legal amendment that will police stablecoin issuance and ensure that only regulated companies are allowed to issue cryptoassets.
03.06 / 05:31
business
Stablecoin
defi
MakerDAO
Maker founder proposes MetaDAOs and synthetic ETH in 'Endgame Plan'
The co-founder of MakerDAO Rune Christensen has issued a new monumental proposal to push the project into its final form called The Endgame Plan.
02.06 / 19:33
markets
Stablecoin
Tether
Dollar
NOT
These are the least 'stable' stablecoins not named TerraUSD
The recent collapse of once the third-largest stablecoin, TerraUSD (UST), has raised questions about other fiat-pegged tokens and their ability to maintain their pegs.
01.06 / 23:05
markets
Stablecoin
Adoption
TRON
defi protocols
DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?
Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dollar-pegged assets play in the crypto market.
01.06 / 21:11
Stablecoin
Binance
Tether
Usd Coin
Binance’s CZ says he is ‘skeptical’ about the Terra relaunch
Binance CEO Changpeng Zhao, also known as CZ, expressed skepticism around the revival plan for the Terra ecosystem and the launch of the new LUNA token.
01.06 / 16:01
Ethereum
Stablecoin
BNB
Bitcoin
Coin Race: Top Winners/Losers of May; Is Summer Coming for Crypto Holders?
June is here, summer has arrived, and the outlook for the crypto market has in recent days finally seemed a bit brighter.
01.06 / 14:03
cryptocurrency
Stablecoin
Digital Currency
Bitcoin
Holdings
Crypto Holdings
Safeguards
capital rules
Terra collapse: Regulators eye stablecoin safeguards and capital rules for banks’ crypto holdings
Global regulators plan to complete work by the end of the year on how much capital banks should hold to cover crypto assets on their books.
01.06 / 13:57
business
Stablecoin
Tether
Banks
Tether’s reported bank partner Capital Union shares its crypto strategy
Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry.
01.06 / 08:25
business
Law
Stablecoin
PoolTogether raises 471 ETH with NFTs to fund legal defense
So called “no-loss lottery” DeFi platform PoolTogether has raised 470.90 Ether (ETH) via NFT sales to fund its legal defense against a putative class action lawsuit.
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