Category: Stablecoins

Dapper Labs–USDC Integration Helps NBA Collectibles Game Clear $2M in Revenue Since June

Gamemaker Dapper Labs is using Circle’s dollar-backed stablecoin, USDC, as a global settlement solution for its non-fungible tokens (NFTs).

September 15, 2020
The Crypto Firms Collaborating on a Swiss Franc Stablecoin

“Coopetition” is an ungainly term at the best of times. But it appears that’s what’s happening among Swiss stablecoin issuers.

September 14, 2020
‘No Other Option but More Collateral’: The Short- (and Long-) Term Fixes for Dai’s Broken Peg

Stablecoin demand in yield farming is breaking dai’s peg. Solutions revolve around USDC and Maker’s version of QE, but will these measures last?

September 11, 2020
European Ministers Call on EU Commission to Regulate Stablecoins

Finance ministers from five European countries have called on the EU Commission to introduce tough regulation for stablecoins.

September 11, 2020
Stablecoins post triple-digit growth in 2020, but institutional rivals loom

Despite stablecoins posting triple-digit market cap growth this year, competition from projects backed by major financial and tech corporations is on the horizon.

September 10, 2020
Tether launches on Solana to leverage high speeds and low costs

Tether, the company behind the USDT stablecoin, has announced that it has launched its coin on Solana, a blockchain platform that aims to compete with Ethereum. In a press release shared with CryptoSlate, the company said that Solana will enable users to exchange USDT at speeds greater than 50,000 tx/s for less than $0.00001. Tether,…

September 10, 2020
The perks of centralization: Tether to return $1M USDT lost in Swerve

After a user mistakenly sent $1 million worth of USDT to Swerve’s token contract, Tether’s CTO Paolo Ardoino reached out to the community saying that the company would be able to recover the funds were ERC-20 USDT stuck in an Ethereum address. The quick reaction, while celebrated by the user, sparked an important conversation about…

September 9, 2020
$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July

Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged stablecoins have seen demand, the longstanding tether is still capturing most of the…

September 3, 2020
DeFi users turn to USDC stablecoin to earn high-yield interest — Data shows

Data shows DeFi platforms and their users are rapidly increasing their use of USDC stablecoin after Curve Finance launched.

September 1, 2020
What the Fed’s New Inflation Policy Means for Stablecoins

Stablecoins, which have been on a pandemic tear, have the potential to soak up deposits currently held by banks, where they offer little or no interest.

August 31, 2020