Asset-Backed – DIGIT INFO

BIS, Bank of England unveil Project Pyxtrial for stablecoin monitoring

DIGIT — Wed, 31 Jul 2024 21:19:18 +0000

The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.

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Ethereum community adopts ERC-3643 as standard for compliant asset tokenization

DIGIT — Fri, 15 Dec 2023 16:18:37 +0000

The ERC-3643 Ethereum Improvement Proposal reached its final stage, emerging as a recognized standard for tokenizing real-world assets.

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With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

DIGIT — Sun, 16 Apr 2023 14:30:25 +0000

Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days. […]

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Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days

DIGIT — Fri, 20 Jan 2023 22:30:59 +0000

Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022.
WBTC Remains Largest Operation in Terms of Bitcoin Custody Despite Recent Redemptions
The […]

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PayPal reportedly confirms plans to explore the launch of a stablecoin

DIGIT — Sat, 08 Jan 2022 07:19:40 +0000

The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.

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How stablecoins stay stable, explained

DIGIT — Thu, 24 Jun 2021 18:10:00 +0000

Stablecoins use a variety of techniques to keep their value fixed, generally to a specific fiat currency like the U.S. dollar.

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