New Study Reveals Best Stablecoin, Why DAI Took The Crown
Decentralized stablecoin DAI, native to Maker protocol, might become a major leader in the sector over the coming years. The digital asset
Read More
Stablecoin
Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’
Patrick McHenry, ranking member of the United States House of Representatives Financial Services Committee, thinks the “conversation has become unmoored” regarding financial technology and needs to return to solving real-world problems. He is currently in talks over legislation that may at least bring more clarity to stablecoins.Currently, there is no
Read More
Tether, el emisor de la stablecoin USDT, reduce a cero sus tenencias de papel comercial
Hasta el 30 de septiembre, las tenencias del Tesoro estadounidense de la empresa se situaban en 58,1% del total de su portfolio, en comparación con el 43,5% de finales de junio, escribió en un tuit a principios de este mes Paolo Ardoino, director de tecnología. En su última publicación, Tether
Read More
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero
The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills. Original Source
Read More
Russian stablecoin usage surged after Ukraine invasion: Report
According to Chainalysis data, Russia's stablecoin usage has increased since
Read More
Crypto and Payments Firm MobileCoin Launches New Stablecoin – ‘Electronic Dollars’
“To our knowledge, no project has created a native stablecoin with privacy properties, which is a first-class citizen in the ecosystem, and which never requires the use of ‘non-private’ transaction technologies to use normally. In short, no one has yet actually created a private digital dollar,” MobileCoin stated in the
Read More
Decentralized Social Media’s DeSo Token Rallies Amid Stablecoin Plans
DeSo was trading around $17.82 at press time on a 25.6% daily jump, with strong spikes immediately preceding and following the platform’s stablecoin announcement at 1:04 PM eastern time Thursday, per CoinGecko. The token has a current market capitalization of $165 million, or one tenth of its peak total value
Read More
Stablecoin Issuer MakerDAO Allocates $500M for Treasuries, Corporate Bond Investment
The "strategic investment" will be converted from its overcollateralized stablecoin, with 80% going towards U.S. short term Treasuries and the remaining 20% to investment grade corporate bonds. MakerDAO's community voted in favor of the allocation proposal, which was presented in late June. Original Source
Read More
Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year. Source
Read More
Texas, Vermont regulators object to Celsius stablecoin sale plan
State regulators from Texas and Vermont have filed a motion objecting to embattled crypto lender Celsius’ plans to sell off its stablecoin holdings. Separate motions from both regulators filed on Sept. 29 argue that there’s a risk the firm could use the capital to resume operating in violation of state laws.
Read More