Stablecoin Lender Liquity's Token Rises 35% on Binance Listing
LQTY, the native token of stablecoin lender Liquidity, has risen by 35% after being listed on Binance's innovation zone. Original Source
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Stablecoin
TrueUSD Becomes 5th-Largest Stablecoin as Binance Mints $130M TUSD in a Week
Blockchain data shows exchange giant Binance has been relying increasingly on TUSD after regulators clamped down on its Binance USD stablecoin. Source
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DeFi Giant MakerDAO Rejects $100M Stablecoin Loan to State-Chartered Regulated Bank Cogent Bank
Cogent Bank, a Florida-based, state-chartered bank with more than $1 billion in total assets, proposed borrowing up to $100 million in DAI stablecoin from Maker and would have used the funds to extend loans to its corporate and industrial clients, according to the MIP-95 proposal posted on Maker’s governance forum. Source
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Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year: Forbes
According to the report, Binance transferred the collateral to hedge funds including Alameda and Cumberland/DRW and did so without informing its customers. According to blockchain data from Aug. 17 to early December examined by Forbes, a period which encompassed the collapse of fellow crypto exchange FTX, holders of more than
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Crypto Exchange Coinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance – Altcoins Bitcoin News
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12
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The SEC's Stablecoin Hammer, Courtesy Terraform Labs and Do Kwon
The U.S. Securities and Exchange Commission sued Terraform Labs and Do Kwon last week, alleging the terraUSD stablecoin was a security, alongside various other tokens and products. This feels pretty important. Original Source
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TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting – Bitcoin News
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization. Archblock Uses Chainlink
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Frax Finance to retire algorithmic backing amid stablecoin crackdown
The community of decentralized finance stablecoin protocol Frax Finance has voted to fully collateralize its native stablecoin Frax (FRAX), marking an end to the algorithmic backing of the protocol.The FIP-188 governance proposal — which would change the collateralization model of FRAX — initially posted on Feb. 15 has now reached a
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Frax Finance Votes to Fully Collateralize Its $1 Billion Stablecoin
The vote is a step for Frax’s native stablecoin frxUSD to retire its algorithmic element. Source
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