Terra injects 450M UST into Anchor reserve days before protocol depletion
The move is designed to maintain the stablecoin savings protocol’s lucrative yield of approximately 20% per annum. Go to Source Powered by WPeMatico
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Circle’s valuation doubles to $9B following revised merger agreement with Concord
The Circle-Concord business combination will create a new company that plans to list publicly on the New York Stock Exchange. Go to Source Powered by WPeMatico
Fireblocks acquires stablecoin payments platform First Digital
Fireblocks CEO Michael Shaulov said his company wants to “help every business become a crypto business,” referring to their ability to accept digital payments. Go to Source Powered by WPeMatico
US lawmaker introduces bill for government-backed insurance of ‘qualified’ stablecoins
“For cryptocurrency to grow and thrive here in the United States, instead of overseas, we must provide more direction and certainty to the marketplace to help boost innovation and protect consumers,” said Josh Gottheimer. Go to Source Powered by WPeMatico
DeFi flashes early revival signs as retail and institutional inflows trickle in
Inflows into the DeFi sector witnessed an uptick as the wider crypto market recovers and investor sentiment improves. Go to Source Powered by WPeMatico
Top Japanese bank MUFG introduces new stablecoin platform
After many years of digital currency development, Japan’s largest bank MUFG has officially introduced its own stablecoin project. Go to Source Powered by WPeMatico
US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets
Patrick McHenry implied that for the U.S. to regulate stablecoins with a “single regulator at the federal level” would likely not be a success. Go to Source Powered by WPeMatico
Polygon stablecoin QiDAO exploited for $13M on Superfluid vested contract
Early information suggested that the stolen funds belonged to some of the early backers of the project and included team vested tokens. Go to Source Powered by WPeMatico
New gold-based stablecoin by trading giant Mitsui reportedly on the way
Mitsui is reportedly planning to launch its gold-pegged stablecoin ahead of DCJPY, another major Japanese stablecoin project. Go to Source Powered by WPeMatico
Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin
Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch of a Silvergate branded stablecoin. Silvergate Purchases Diem Operations Silvergate Capital, … Read more
