Bank of France: stablecoins could impact EU financial sovereignty ‘for decades’
Banque de France Governor François Villeroy de Galhau wanted about the threat of “Big Tech” stablecoins. Go to Source Powered by WPeMatico
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USDC now capable of 1000 transactions per second with near-zero fees
The asset’s new multichain partner makes it so. Go to Source Powered by WPeMatico
A new decentralized exchange lets users trade commodity and crypto derivatives
Ever wanted to yield farm gold, silver or oil? Go to Source Powered by WPeMatico
Crypto Volumes Surge in August: Binance Largest Spot Exchange as Huobi Leads Derivatives
The latest report by Cryptocompare shows August spot cryptocurrency traded volumes by the 15 largest top-tier exchanges increased by 58.3% to $529 billion versus July figures. Low tier exchanges volumes, on the other hand, increased by 30.2% to end the month of August with a total of $291 billion. Binance leads the top tier list … Read more
Opium Protocol Allows Traders to Hedge or Bet Against the Stablecoin Tether’s Solvency
Cryptocurrency traders can now protect their tether tokens or bet against the solvency of the stablecoin by leveraging a new crypto derivatives product from the Opium Protocol. Opium founder, Andrey Belyakov, claims the product is the “first CDS (credit default swap) on a centralized stablecoin.” The stablecoin tether (USDT) is the most popular dollar-pegged token … Read more
Stablecoin market cap increases by $100M every single day
‘DeFi yields and interest rates are clearly a vacuum sucking in a lot of stablecoins,’ says Coin Metrics’ Nic Carter. Go to Source Powered by WPeMatico
Yearn Finance Vault Users Lock $139M: Farmers Claim Collateralized ETH Gathers 90% APY
On September 3, 2020, the well known Yearn Finance defi project “paused” the popular ethereum liquidity vault (yETH) service, after locking in a significant $139 million. Yearn’s vault feature launched on Wednesday, and saw $100 million deposited on the first day. The vault hype has also caused the Maker DAO project to make a governance … Read more
Bank of England governor dismissed Bitcoin as a means of payment
Cryptocurrencies like Bitcoin don’t quite convince Bailey, but he sees a lot of potential for stablecoins. Go to Source Powered by WPeMatico
Bittrex lists Turkish stablecoin BiLira
Turkish Lira-backed stablecoin BiLira is now open for trading on Bittrex Globalcryptocurrency exchange. Go to Source Powered by WPeMatico
Swiss crypto bank Sygnum scores approval for digital asset trading
The digital Swiss franc issuer is now licensed as a “digital asset trading facility.” Go to Source Powered by WPeMatico