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On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes … Read more
Bahrain’s central bank initially announced the JPM Coin trial in May 2021. Go to Source Powered by WPeMatico
Paypal is reportedly working on a stablecoin backed by the U.S. dollar to expand its cryptocurrency offerings. “We will, of course, work closely with relevant regulators,” the company stressed. Paypal Is Exploring Launching Its Own USD-Backed Stablecoin Paypal Holdings Inc. is reportedly exploring the launch of its own stablecoin backed by the U.S. dollar as … Read more
The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser. Go to Source Powered by WPeMatico
The threat of stablecoin regulation and USDT and USDC centralization are making decentralized stablecoins like MIM, FRAX and UST attractive to DeFi investors. Go to Source Powered by WPeMatico
The company is pushing new use cases for blockchain payments through its partnerships with Bitso and Stellar Development Foundation. Go to Source Powered by WPeMatico
Crypto winter is upon us, and chances are crypto markets will continue to trade sideways and experience bearish momentum for the next few months. One of the best ways to hedge against the downward trend is to convert your crypto holdings to stablecoins and lock them on yield farming platforms for guaranteed APY. This article … Read more
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that “cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) / combating the financing of terrorism … Read more
In 2021, mainstream U.S. Democrats’ stance on crypto has tipped towards skepticism and preference for tighter regulation. Go to Source Powered by WPeMatico
This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the stablecoin now represents 46% of the $168.3 billion stablecoin economy. Tether Market Cap is Less Than $2 Billion Away From Reaching $80 Billion On December … Read more