Category: Stablecoins
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Bitpay Announces Stablecoin Support for Merchant Settlement
On Monday the cryptocurrency payment processor Bitpay announced the company is now supporting settlement options using two stablecoins — the Gemini dollar and the Circle Centre coin. Not only can Bitpay merchants settle in BCH, BTC, and local fiat currencies, but they can also utilize a US dollar-equivalent digital currency. Also read: BCH Devcon Streamlines Bitcoin…
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Bitcoin Breaks Downtrend by Surging 10% to $6,700, is the Tether Sell-off a Factor?
Earlier today, on Oct. 15, the price of Bitcoin surged from $6,150 to $6,700 on most major fiat-to-cryptocurrency exchanges including Coinbase, Bitstamp, and Kraken. Although the price of the dominant cryptocurrency surpassed the $7,500 mark on Bitfinex, the increase in the value of Bitcoin on Tether-enabled exchanges such as Bitfinex and OKEx were triggered by…
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Japanese Internet Giant Announces Yen-Backed Stablecoin
GMO Internet Group, a publically listed Japanese Internet company, has recently announced plans to launch a yen-backed stablecoin early next year. The new stablecoin dubbed GMO Japanese Yen will trade under the ticker symbol GJY. The press release also mentions that GMO Internet Group sees three areas of the digital currency space, which are “exchanges”,…
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PricewaterhouseCoopers to Build USD-Backed Stablecoin with Cred
As some of the world’s most entrenched institutions open their arms to cryptocurrency, the walled fortress of corporate acceptance seems to be disintegrating one pillar at a time. The latest is PricewaterhouseCoopers, the world’s second-largest professional services firm, who has thrown its weight behind a USD stablecoin project aiming to “usher in the next 100M…
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Dubai to Launch State-Issued Stablecoin, Partners with Pundi X for Distributing PoS Terminals
Dubai’s credit agency announced an official partnership with cryptocurrency-payments provider Pundi X on Oct. 8, according to an official release. Pundi X Brings State-Backed Crypto to the Masses In a step towards the widespread adoption of blockchain technology and cryptocurrency as an accepted means-of-payment, Dubai’s Emcredit bureau and regional distributor Ebooc, a loyalty programs startup,…
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Boston Federal Reserve VP Describes The Limits Of Cryptocurrency Partnerships
Federal Reserve Bank of Boston Vice President Jim Cunha discussed his views on cryptocurrency adoption and limitations at Forbes’ Annual 30 under 30 Summit on Oct. 2, highlighting asset security remains a significant concern for institutions. Asset Security a Concern for Banks While crypto-enthusiasts await widespread adoption, industry observers shed light on the blockchain industry…
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![Reserve’s “Trustless, Worldwide” Stable Coin [INTERVIEW]](https://amazingcrypto.com/wp-content/uploads/2018/10/tether-bitfinex-subpoena-facebook-300x158.jpg)
Reserve’s “Trustless, Worldwide” Stable Coin [INTERVIEW]
The new golden boys of decentralized finance, stablecoins have exploded into an industry-wide effort to dissolve cryptocurrency’s seemingly unshakable volatility. As a torrent of solutions gain a foothold in the market, however, one startup seems to spy an elephant in the room, and they think they have the answer. For Reserve’s Co-Founder Nevan Freeman, Bitcoin…
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New Stablecoins: From Cryptopound and Metal-Backed Swiss Coin to Mongolian ‘Candy’
Following some notable premiers in the genre recently, the next batch of stablecoins is on the way. A British startup is partnering with a bank to launch a GBP-pegged crypto, a Swiss commodities trader wants to mint a coin backed by metals, and a Mongolian telecom has been licensed to issue the country’s first digital…
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Circle Introduces Stablecoin Backed By U.S. Dollar
Regulated stablecoins continue their disruptive journey into mass adoption as Circle announces application of tokenized fiat assets. The U.S. dollar-backed stablecoin USD//Coin (USDC) is the product of Circle’s partnership with CENTRE, the open source distribution network which will facilitate deposits from U.S. bank accounts. With an open-internet concept in mind, USDC was designed for universal…