Category: Stablecoins

This stablecoin project just moved from Ethereum to Tezos; here’s why

Stably announced its collaboration with the Tezos ecosystem in a release this week. The move will bring the USD-backed stablecoin, USDS, to the latter. From Ethereum to Tezos Stablecoin development project Stably said in a release that its USD-pegged stablecoin, USDS, will be issued and deployed on the Tezos blockchain. The latter is a decentralized,…

December 29, 2020
Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation

The head of the Russian parliamentary committee on financial markets and the country’s first crypto law’s author is forecasting a “surge in token issuance” for 2021 in the wake of the promulgation expected to take place in January. Russian Parliament Expects a ‘Surge in Token Issuance’ for 2021 After Crypto Law Promulgation According to the…

December 25, 2020
This Ethereum-based stablecoin is up 122% in the past 24 hours

Yes, you read that right: an Ethereum-based stablecoin meant to trade around one U.S. dollar is up approximately 100 percent in the past 24 hours alone. That stablecoin is Dynamic Set Dollar (DSD), which is an algorithmic stablecoin that is meant to trade around $1.00 through a system of price oracles, dynamic supply adjusting, yield…

December 24, 2020
Global Stablecoins Could Eventually Become Reserve Currencies: IMF Paper

The IMF paper suggests the U.S. dollar’s role as the dominant reserve currency is safe for now, but private digital currencies could come to compete in time.

December 17, 2020
Survey: 1 in 4 Senior Executives in Uruguay Have Used Cryptocurrencies

A survey made in Uruguay across different business sectors revealed that 24% of the 49 senior executives (1 in 4) from companies in the country claimed to have used cryptocurrencies at any point in their lives. Senior Executives in Uruguay Reveal Their Level of Knowledge on Cryptocurrencies According to the consulting firm Price Waterhouse Cooper,…

December 13, 2020
Would the STABLE Act Make Running an Ethereum Node Illegal?

The STABLE Act regulating the burgeoning stablecoin industry is misplaced and overly broad, says our columnist.

December 9, 2020
Would the STABLE Act Make Running an Ethereum Node Illegal?

The STABLE Act regulating the burgeoning stablecoin industry is misplaced and overly broad, says our columnist.

December 9, 2020
One of the World’s Oldest Banks Is Issuing a Euro Stablecoin on Stellar

Germany’s Bankhaus von der Heydt is working with Bitbond for the first direct issuance of a stablecoin by a bank on Stellar, the firms said.

December 9, 2020
Algorithmic stablecoin project Neutrino launches staking for its governance token

The Waves-backed project will share a portion of protocol fees with NSBT holders.

December 8, 2020
Biden Administration Will ‘Ultimately Be Supportive’ of Crypto: Circle CEO

Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.

December 7, 2020