Monday, September 21, 2020
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Checking In With Terra, the Korean Stablecoin Firm Bringing Online Shoppers to Crypto

You’re going to have to wait a little longer for the liquidity mining–powered savings account from Korean stablecoin maker Terra.  The savings account’s returns will be based on various proof-of-stake currencies, plus additional yield over the first five years in the form of its growth token. The system is called Anchor

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China’s Blockchain Service Network to launch stablecoin support in 2021

China’s nationwide blockchain project, the Blockchain Service Network, or BSN, will be integrating stablecoin support in 2021.Yifan He, CEO of Red Date Technology, a major tech company involved in the BSN development, told Cryptox that the project will soon start integrating stablecoins.Piloted in late 2019, China’s BSN is a state-backed

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POKKET Expands High-yield Savings Plan Range and Adds Stablecoin Options

POKKET, a platform that offers structured savings products for dozens of different cryptocurrency tokens, has just announced it will be expanding its range to support an additional 15 different ERC20 tokens.This update comes just weeks after POKKET passed more than $4 million in customer deposits – following dramatically increased demand

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Stablecoin Demand May Drop if Traders Abandon Bitcoin ‘Cash and Carry’ Strategy

Institutional demand for stablecoins may cool because yield on “carry trades” has been cut in half since Monday. The annualized rolling one-month futures basis shot as high as 28% at the start of the week on the Malta-based cryptocurrency exchange OKEx, the biggest in terms of open interest. That was the

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Stablecoin Adoption Skyrockets in Rural South Korean Province

South Korea’s Buyeo County, located in the rural province of South Chungcheong, has been witnessing strong interest in a local blockchain-powered stablecoin since its creation in early 2019.According to a report published by Donga, most of the county’s population is made up of elderly residents. Census data indicates that around

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