Stablecoins, a type of cryptocurrency designed to maintain a stable value by pegging it to real-world assets such as fiat currencies or commodities, have witnessed a remarkable surge in adoption. Recent reports by the Brazilian Federal Revenue Service reveal a…
Search Results For: Stablecoin
Stablecoins are One of the Largest Holders of US Debt – Coinmetrics Co-Founder
The Messari Mainnet Conference, which was held last September, was the venue for blockchain companies and experts to share their views and expertise regarding the state of the crypto industry. One of the talks was whether stables or stablecoins serve…
Taproot Assets: Transforming Tokenization and Enabling Stablecoin Integration on the Bitcoin Blockchain
Welcome to an exciting era in the evolution of the Bitcoin blockchain. We are thrilled to announce the release of the mainnet alpha version of Taproot Assets by Lightning Labs. This groundbreaking development represents a significant leap forward in our…
Terra Accuses Citadel Securities of Causing UST Stablecoin Depegging
In recent developments, Terraform Labs has come forward with serious allegations against Citadel Securities LLC, a prominent American market-making firm. Terraform Labs accuses Citadel Securities of intentionally destabilizing its TerraUSD (UST) stablecoin in May 2022. This article delves into the…
What is Flatcoin and how does it work? Why are they better than stablecoin?
In the rapidly evolving world of cryptocurrencies, stability has become a significant concern. The concept of a stablecoin, designed to minimize the volatility associated with traditional cryptocurrencies, has gained popularity. However, a new and innovative solution has emerged – Flatcoin.…
Hokkokubank Launches Local Digital Currency in Japan, Stablecoin Coming Soon
In a groundbreaking move that is set to revolutionize Japan’s financial landscape, Hokkokubank, in partnership with Kono Shinkin Bank, has launched a local digital currency initiative. This innovative project aims to empower local communities and businesses by leveraging blockchain technology…
United Arab Emirates Introduces Comprehensive Regulations and Legislation for Stablecoins and Digital Assets
In a significant move towards fostering a robust and secure digital asset ecosystem, the United Arab Emirates (UAE) has recently issued comprehensive regulations and legislation pertaining to stablecoins and digital assets. These new measures aim to provide clarity, legal certainty,…
PYUSD is Set for massive Adoption as Crypto.com Announce New Partnership with PayPal’s Stablecoin
PayPal’s stablecoin, PYUSD, is a new crypto asset trying to break into the classification of stablecoins. There are other stablecoins in the market, such as USDT and USDC. So, PYUSD is using different means to get a market share. Crypto.com…
Binance Japan partners with mega-bank MUFJ on stablecoin project
Mitsubishi UFJ Trust and Banking Corporation, Japan’s largest banking group, and Binance Japan, the local arm of the world’s biggest cryptocurrency exchange, have partnered to create fiat-pegged stablecoins. This collaboration utilizes the “Progmat Coin” platform, which is led by Mitsubishi’s…
Binance’s Delisting of Multiple Stablecoins in Light of MiCA Regulation
In light of the upcoming implementation of the Markets in Crypto Assets (MiCA) regulation in the European Union, Binance, one of the leading cryptocurrency exchanges, has raised the possibility of delisting multiple stablecoins from its platform. This move comes as…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
