Tag Archives: Stablecoin

[ad_2][ad_1] The cryptocurrency community was hit earlier this week by news that U.S. House representatives are trying to crack down on stablecoins. The Bureau of Congress Rashida Tlaib, which is leading this new bill, wrote in a press release announcing this move: “The COVID-19 pandemic has exposed numerous barriers to …

[ad_2][ad_1] In the letter Three members of Congress proposed a bill to regulate stablecoins. The STABLE Act would set issuers of stablecoins to some of the same standards as banks. Some cryptocurrency advocates think it will stifle innovation and further marginalize sub-bank communities. These are the dying days of the …

[ad_2][ad_1] Over the years, we have been introduced to a digital transformation, which has created and shaped communities around the world. Digital technologies have ushered in new evolving ways of how the world interacts, operates and, above all, conducts exchanges. In the current economic hardship and the global pandemic of …

[ad_2][ad_1] Whether backed by fiat, gold or cryptocurrency, interest-bearing, non-collateralized or decentralized, stablecoins have become an important part of the digital asset ecosystem in recent years. Created as an alternative to the inherent volatility of cryptocurrencies like Bitcoin and Ethereum, stablecoins are marketed as viable payment solutions for enterprise blockchain …

[ad_2][ad_1] Cryptocurrency exchange Coinflex has announced the launch of a unique interest-bearing stablecoin called Flexusd. The new stablecoin is considered to be the first dollar-backed cryptocurrency to pay interest at the base level. Furthermore, the new token is built on the Ethereum blockchain and also on the Bitcoin Cash network …

[ad_2][ad_1] OUSD stablecoin issuer, Origin Protocol is the latest Defi protocol to fall victim to a flash lending attack. The attack, which took place in the early hours of Tuesday, November 17, resulted in the disappearance of tokens worth millions of dollars. Confirming the attack, one of the leaders of …

[ad_2][ad_1] Two years ago, cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the US dollar. This week, Circle revealed the launch of high-yield digital dollar corporate accounts with APY up to 10.75%. On September 26, 2018, the open source consortium Circle and the Center launched an …

[ad_2][ad_1] Circle’s USD Coin (USDC), a stablecoin pegged to the US dollar, today found a new home on the open source decentralized protocol Stellar, which becomes its third major blockchain. The move comes a few months after the stablecoin was launched on the Algorand (ALGO) blockchain, which reduced its reliance …

[ad_2][ad_1] Users can now use their BiLira ERC-20 tokens to purchase Bitcoin (BTC) and USDT on Bittrex Global. The announcement states that there are currently 20 million BiLira tokens in supply. TRYB tokens are minted upon deposit and an identity verification process is performed prior to issuance. Users then redeem …

[ad_2][ad_1] XRP, the third largest cryptocurrency in the world by market capitalization, is not competing with national digital currencies like the upcoming digital yuan, according to a senior Ripple executive. Emi Yoshikawa, Ripple’s senior director of global operations, said XRP does not compete with either central bank digital currencies (CBDCs) …