Tag: stablecoin

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Amid stablecoin turbulence, Djed to expand to Ethereum, Binance Smart Chain

Ad The Djed stablecoin would soon be available on Ethereum, Binance Smart Chain (BSC,) and others.COTI CEO Shahaf Bar Geffen said COTI had...

Mastercard to Settle Transactions for Stablecoin Wallet in APAC – Cryptopolitan

Mastercard, the world’s leading payment technology company, has announced plans to settle transactions for a stablecoin wallet in the Asia-Pacific (APAC) region. The...

The Banking Crisis Has Been Good for Stablecoin Experimentation

If you balk at the idea of a crypto-based tool like stablecoins essentially functioning like a “proxy” central bank digital currency (CBDC), as...

Circle’s Stablecoin USDC Affected by Collapsed Bank

Circle CEO and co-founder Jeremy Allaire revealed that the stablecoin issuer had been able to access its $3.3 billion in funds held with...

Capital outflows, stablecoin drama and realized loses

This week’s on-chain data report by the analytics company Glassnode looks into three major events — the depegging of the USDC stablecoin, net...

KuCoin Has Closed a $10M Funding Round Into CNHC. But Is the Offshore Yuan Right for a Stablecoin?

“This investment in CNHC is part of KuCoin Ventures' broader strategy of investing in the Web3 infrastructure in the APAC region,” Justin Chou,...

Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future

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DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse – Bitcoin News

The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd...

FBI, NY authorities probes collapse of TerraUSD stablecoin Report

The controversial author of Terraform Labs, Do Kwon, is at the center of the disquisition, despite being believed to be hiding out in...

Circle Mints $407,000,000 Worth of USDC as Stablecoin Recovers From Depegging Incident: Nansen

Circle has minted hundreds of millions of dollars worth of US Dollar Coin (UDSC) as the second-largest stablecoin by market cap recovers from...

Binance to Acquire $1,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap

Crypto giant Binance says it’s converting $1 billion of its dollar-pegged stablecoin BUSD into Bitcoin, Binance Coin and Ethereum. Binance CEO Changpeng Zhao says this...

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement – Bitcoin News

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m....