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Saga Partners with Keyless Wallet ZenGo as SGA Profits from Stablecoin Scare

Saga Monetary Technologies has partnered with ZenGo, making the former’s SGA token storable within the keyless crypto wallet. The deal arrives at a time when interest in low volatility cryptocurrency SGA has peaked in the wake of high profile stablecoin scares. The meltdown of MakerDAO’s crypto-collateralized stablecoin issuance protocol has

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Circle Rolls Out Stablecoin Business Accounts, Preps SeedInvest for Sale

Circle’s full-tilt pivot into stablecoins is nearly complete. The payments startup intends to sell SeedInvest, the crowdfunding platform it bought a year ago, and focus its remaining assets on developing stablecoin products, said Jeremy Allaire, one of Circle’s co-founders and its remaining CEO (fellow co-founder and one-time co-CEO Sean Neville stepped

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Tether CTO to Tell the Story of USDT Stablecoin At Upcoming Conference

Amid ongoing lawsuits surrounding controversial stablecoin Tether (USDT), the company’s CTO plans to detail the asset’s background at an upcoming conference. Bitfinex and Tether CTO Paolo Ardoino is slated to recount “the story of Tether’s inception and success” in a keynote speech at the CryptoCompare Digital Asset Summit in London

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First Ukrainian Bitcoin Exchange Launches Hryvnia-Pegged Stablecoin UAX

In an apparent first, Ukrainian cryptocurrency exchange Kuna has released a stablecoin pegged to local fiat currency, the Ukrainian hryvnia (UAH).Dubbed UAX token, the new stablecoin is pegged to the hryvnia on a 1:1 ratio and is based on the Ethereum blockchain, according to an official announcement by Kuna

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Tether to Track Stablecoin Network Activity With Chainalysis Suite

Chainalysis is rolling out a global compliance solution for Tether (USDT), a Feb. 12 press release announced. The stablecoin’s issuer is now able to identify “high risk” transactions occurring on its network. The tracking is made possible by Chainalysis’ Know Your Transaction (KYT) suite, which allows token issuers to monitor

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Tether Stablecoin Taps Chainalysis for Anti-Money Laundering Compliance Tools

Stablecoin issuer Tether is partnering with blockchain forensics firm Chainalysis to bolster its anti-money laundering tools.The companies announced Wednesday that Tether would apply Chainalysis' "Know Your Transaction" tool for token issuers, allowing the stablecoin firm to monitor activity and "quickly understand the risk profile of each token holder," according to

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Joint Venture Launches Canadian Dollar-Pegged Stablecoin for Financial Services

A new stablecoin pegged to the Canadian dollar may help digitize the North American nation’s financial markets. Canada Stablecorp announced Monday it was issuing the "QCAD" stablecoin for “mass market,” including foreign exchange remittances and other financial products. Canada Stablecorp is a joint venture between cryptoasset manager 3iQ, which recently

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