Stablecoins

Circle CEO Jeremy Allaire: Stablecoins That Use Open Standards Will Prevail

Jeremy Allaire, co-founder & CEO of payments company Circle, has said that as the sector continues to see new market entrants, stablecoins using open standards will prevail

IBM Signs 6 Banks to Issue Stablecoins and Use Stellar’s XLM Cryptocurrency

Six banks have signed up to issue stablecoins through World Wire, an IBM network built on the Stellar blockchain.

While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations

Tether Withdraws Claim of USD-Backing While Rival Stablecoins Provide Monthly AttestationsThe controversy surrounding the backing of Tether’s USDT tokens has resurfaced following a recent alteration to the company’s terms of service that now state the reserves backing USDT comprise “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.” Despite tether’s dominance among stablecoins by market […]

The post While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations appeared first on Bitcoin News.

Stablecoins Are Threatened by These Two Major Issues

On the heels of recent commentary from the published correspondence between Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd, SEC senior advisor Valerie Szczepanik explained at Austin’s SXSW conference that stablecoins may be violating current securities laws. Also read: Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards Stablecoins May […]

The post Stablecoins Are Threatened by These Two Major Issues appeared first on Bitcoin News.

MakerDAO Weighs Fourth Fee Hike as DAI Stablecoin Remains Below $1

MakerDAO token holders could soon be voting on another proposal to increase fees on the loans that issue new holdings of the stablecoin DAI.

Tether Says Its USDT Stablecoin May Not Be Backed By Fiat Alone

Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.

‘Facebook Coin’ Could Generate Billions in Revenue: Barclays Analyst

A note from Barclays analyst Ross Sandler sketches out how much Facebook might gain from developing its own cryptocurrency.

JP Morgan’s Stablecoin: A Feat of Engineering or Marketing?

Upon first examination, JPM coin is an exciting Wall Street development, but the reality is more complicated, writes Kadena's Ben Jessel.

MakerDAO Token Holders Approve Fee Increase for Ethereum Stablecoin

Votes have been cast in overwhelming support of increasing borrowing fees to the dollar-backed stablecoin dai.

Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

Stablecoins See Few On-Chain Transactions Despite Recent Surge in Exchange VolumeDespite many stablecoins ranking among the top 20 most traded crypto assets by monthly volume, a recent report has shown that there are few onchain transactions conducted using these fiat-pegged tokens. Also Read: Swiss Stock Exchange Launches Trading for ETH ETP DAI Sees Significant Onchain Usage Of the established stablecoins, DAI has recorded the largest […]

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