Tag: Stablecoin
DeFi Protocol Releases Native Stablecoin on Ethereum Testnet
Decentralized finance (DeFi) protocol Aave (AAVE) has announced that it has released its native stablecoin, GHO, on Ethereum (ETH) testnet Goerli. The native stablecoin of the app was announced by…
Kraken-SEC Incident Affects Stablecoins: Coinbase Burns This Stablecoin!
According to information from blockchain security firm PeckShield, only Coinbase has burned 4.7 billion USDC in the last 24 hours. Coinbase Burned 4.7 Billion USDC in the Last 24 Hours…
Investigation Shock to Stablecoin: Lost Its Fixed!
USDP The stablecoin briefly tumbled to $0.98 on February 10. The crypto asset is reportedly investigating Paxos by the New York Department of Financial Services (NYDFS). The USDP stablecoin, managed…
BIS Develops Platform To Track Stablecoin Reserves
International Settlements Bank BISin its latest report, for the improvement of payment systems by securing the financial sector CBDC and stablecoin currencies. The organization will benefit from the new project…
Stablecoin Issuer Announces Big Revenue Loss in 2022
stablecoin Issuer MakerDAO’s earnings report for 2022 has been officially announced. According to the report, the company suffered a huge loss in revenue last year when the bear market hit.…
Crypto Bulls’ Hopes Raise as Stablecoin Domination Declines!
such as USDT, USDC stablecoinThe ‘s increased its adoption throughout 2022 as the bear market greatly restrained the rally. However, as 2023 kicks off with a huge price action, demand…
Terra Classic (LUNC) Stablecoin USTC New Offer to Repeat $1!
Terra Classic (LUNC) cryptocurrency recommended by the community of USTC On the Signal proposal for a $1 re-peg, the vote is largely in the direction of acceptance. At the time…
Cardano-Based Stablecoin Djed Officially Launched
The algorithmic stablecoin project Djed (DJED), jointly run by Coti (COTI) and Input Output (IOG), developers of the Cardano (ADA) network, was launched today. Made by the Coti team on…
Delist Statement From OKX: This Stablecoin Will Be Delisted
Gemini backed stablecoin Gemini Dollar (GUSD)losing parity with the US dollar in the last 24 hours 0.84% in decline $0.9851 declined. OKX A statement about stablecoin came from the stock…
Stablecoin Losing Its Stability At $1 Releases Its Second Version: It Is On The Rise!
One of the popular ecosystems of the DeFi world, Phantom (FTM) altcoin founder Andre Cronje, who normally should have been fixed at $1 but lost this peg Phantom USD (FUSD)…
Binance’s stablecoin continues to melt in BUSD! Here’s the Cause of the Latest Setback!
Cryptocurrency price tracker to CoinGecko according to, BUSDcirculating supply of $15.4 billion decreased by $1 billion last week and $2 billion in a month. According to cryptocurrency price tracker CoinGecko,…
This Nation’s National Bank Is Issuing Its Own Stablecoin!
According to the Australian Financial Review (AFR) report, it is one of the four largest banks in Australia. National Bank of Australia (NAB)which it aims to launch in the middle…
Joint Stablecoin Research from Iran and Russia!
Russia-based news agency Vedomosti recently reported that Iran and Russia “Persian Gulf Token” a named stablecoin He claimed to be collaborating on his project. According to the report, the two…
This Stablecoin Outperforms Tether (USDT) in Transfer Volume!
stablecoins, cryptocurrency are assets considered as shelters in a bear market. Investors need to protect their capital when bears dominate. Many believe that the best way to do this is…
Precedent Stablecoin Agreement Between French Bank and MakerDAO
France-based multinational investment bank Societe Generale has received a $7 million DAI stablecoin loan from MakerDAO (MKR). Societe Generale from MakerDAO 7 million dollars DAI received a stablecoin loan. Societe…
e-Money Shelves Euro Stablecoin Project
Steblecoin issuer e-Money operating in the Cosmos (ATOM) ecosystem has decided to stop issuing the Euro-based stablecoin EURR. According to the statement made on the Medium site of the project…
FUD-Creating Claim About Binance and Stablecoin BUSD from Bloomberg!
According to Bloomberg, the world’s largest cryptocurrency Binance, the exchange, acknowledged past flaws in the management of stablecoin reserves, which at times led to more than $1 billion in collateral.…
Stablecoin Comment from the UK Treasury: “Until the End”
UK Treasury Secretary Andrew Griffith supported the idea of stablecoins in his parliamentary speech today. According to the statements made by the Secretary of the Treasury, the UK government when…
Palau State Agreed With This Altcoin For Stablecoin!
It is now a visible fact that the interest of countries in crypto money and blockchain has increased. While the size is variable, many countries have focused on digitizing their…
Significant Development for Ripple: It Will Issue Stablecoin for a Country!
The Republic of Palau, an island nation in Oceania, will partner with Ripple (XRP) to develop a national stablecoin. Surangel S. Whipps, President of the Republic of Palau, attended a…