Crypto
Djed, an Overcollateralized and Algorithmic Stablecoin, Now Live on Cardano
Algorithmic stablecoin Djed is now live on Cardano mainnet following a year of development.
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Stablecoin
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Stablecoin
Market Analysis
Wall Street Giant Cantor Fitzgerald is Managing $39B of Tether’s Bonds
A Friday report revealed that one of the largest Wall Street bond traders is managing over half of Tether’s portfolio.
Crypto
Russia and Iran Discuss Using Stablecoin Backed by Gold for Foreign Trade
Russia and Iran are holding talks to roll out a gold-backed stablecoin that would be used as means of payment in foreign trade.
Policy
Japan to Lift Ban on Domestic Stablecoin Distribution in 2023
In its latest move to becoming more crypto-friendly, the Japanese FSA announced it would ease stablecoin restrictions in 2023.
Banking
Silvergate’s SEN Transfers Down 41% to $112B In Q3 2022
Silvergate, the world’s leading crypto bank, recently released its Q3 statement showing good but worse-than-expected earnings.
DeFi
Tether Launches USDT on NEAR, 13th Blockchain to Support the Stablecoin
Tether launched USDT on NEAR Network, marking the 13th blockchain to announce support for the world's largest stablecoin.
Crypto
Tether Publishes First Audit Report with New Accounting Firm: $66.4B in Reserves
USDT issuer Tether Holdings published its first asset reserves report with the new accounting firm BDO, showing $66.4 billion in reserves as of June 30.
Crypto
Tether Hires New Auditor to Publish Monthly Proof of Reserves
USDT issuer Tether said it tapped BDO Italia as its new accounting firm to watch over its asset reserves and announced plans to raise the frequency…
Crypto
Acala’s aUSD Stablecoin Recovers After $1B+ Hacker’s Wallet Frozen
Polkadot-based stablecoin Acala USD (aUSD) has almost recovered its 1:1 peg with the U.S. dollar after plummeting almost 99% following a liquidity pool exploit.
Crypto
New Draft Bill Mandates Stablecoins be 100% Backed by Reserves
The legislation is considered as "the most comprehensive and well-thought-out stablecoin" bill to date.
Crypto
Meta’s Stock Rises 2.5% Following Rumours of Diem’s Sale
Diem aims to sell the project's intellectual property to return capital to its investors.
Banking
USDF Consortium Challenges Paxos with First US Bank-Minted Stablecoin
The battle for increased transparency in stablecoin reserves heats up, with US banks now jumping into the mix.
Crypto
Whales Could Be Preparing For Crypto Crash As Stablecoins Spike to ATH
With Bitcoin struggling below $50k, some whales are accumulating stablecoins, arguably preparing for an upcoming crash.