Diem stablecoin co-founder praises Bitcoin for censorship resistance
Meta’s Diem co-creator David Marcus said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019. Go to Source Powered by WPeMatico
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Circle Launches USDC on Flow Blockchain
Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low fees and a high volume of transactions. With this launch, USDC aims to keep … Read more
Mark Zuckerberg’s stablecoin project Diem officially shuts down
Meta has officially given up on its stablecoin project Diem after more than two years of efforts to launch the digital currency. Go to Source Powered by WPeMatico
Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last year. Terra’s UST stablecoin grew the most last year, jumping … Read more
PayPal stablecoin: What it could mean for payments
PayPal has confirmed it is exploring a stablecoin. Here’s how experts see the potential impact of a PayPal Coin. Go to Source Powered by WPeMatico
Zuckerberg’s Diem reportedly weighing sale after stablecoin plans falter
It looks like Meta is planning to jump ship, with inside sources saying that the crypto initiative is trying to sell its assets. Go to Source Powered by WPeMatico
U.S. Congressman calls for ‘Broad, bipartisan consensus’ on important issues of digital asset policy
Representative McHenry is convinced that Congress should take crypto regulation away from executive agencies and courts. Go to Source Powered by WPeMatico
BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers”
According to the boss of the international institution owned by central banks, it is central banks that are best positioned to shape the future of money. Go to Source Powered by WPeMatico
Bitcoin’s transition to a risk-off asset will propel it to $100K in 2022, says Bloomberg analyst
Mike McGlone, senior commodity strategist at Bloomberg, is convinced that Bitcoin’s transition to digital gold will propel it to new all-time highs in 2022. Go to Source Powered by WPeMatico
USDC flips Tether on the Ethereum network
The total supply for USDC on Ethereum has surpassed that of Tether, putting USDT in second place on Ethereum for the first time. Go to Source Powered by WPeMatico
