Cryptocurrency Analysis and News Portal
Public blockchain Nervos has been trying to become China’s answer to Ethereum, especially when it comes to the decentralized finance (DeFi) sector. Soon it will finally have a key element in that quest: the blockchains’ first dollar-pegged stablecoin, HUSD, issued by Huobi-backed Stable Universal Limited.This is also the first blockchain
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A new U.S. Congressional bill would require stablecoin issuers to secure bank charters and secure regulatory approval prior to circulating any stablecoins.U.S. Representatives Rashida Tlaib (D-Mich.), Jesús “Chuy” García (D-Ill.) and Stephen Lynch (D-Mass.) introduced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act on Wednesday, writing in a press
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The Centre Consortium, the Coinbase- and Circle-founded project that oversees the USDC stablecoin, has hired Wall Street veteran David Puth as its first CEO.Puth has held senior executive roles at JPMorgan and State Street, and most recently was the CEO of CLS, the foreign exchange settlement provider made up of
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A team of anonymous developers is making what might be called a fork of a project that never launched.Readers of this post will likely see a strong earnings opportunity here, but please be careful.Basis Cash is based on the stablecoin Basis (originally known as Basecoin) that had $133 million in
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Libra, the Facebook-linked stablecoin targeted continuously by lawmakers, might get off the ground as early as January 2021, albeit in a more limited format than the original multi-currency basket envisioned.According to a report by the Financial Times on Friday, the Libra stablecoin project might actually see the light of day, according to
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Origin Dollar (OUSD), the yield-generating stable token launched by Origin Protocol in late-September, has been hacked to the tune of $7 million.On Nov. 17, Origin Protocol founder Matthew Liu announced the stablecoin had been hacked, noting that $1 million of the $7 million in lost funds including DAI and Ether
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The exchange is discontinuing its own BGBP stablecoin, an "experiment" that obviously wasn't a success. Source
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Stablecoin issuer TrustToken is bringing its proof of reserves system for TrueUSD (TUSD) collateralization levels on-chain. Adding Chainlink to an existing partnership with accounting firm Armanino makes it possible.The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins – even
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“One billion Dai in circulation is a huge milestone and a powerful validation that people around the world want more access, more transparency and more opportunity to maximize their economic potential,” Rune Christensen, MakerDAO’s founder, told CryptoX through a spokesperson.Supply actually increased by $30 million at one point today, the
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India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice. The goal: to build an index for hedging the risks associated with different types of stablecoins.DefiDollar believes users need to diversify risks through a stablecoin aggregator. Take, for example, the censorship risks
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