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Tether says it has “redeemed a significant amount” of USDT from the circulating supply, and will now “destroy” 500 million USDT from its treasury wallet, leaving just 446 million Go to Source Powered by WPeMatico
U.S.-based crypto exchange Coinbase has launched the USDC stablecoin in collaboration with payments technology company Circle Go to Source Powered by WPeMatico
They may have been fierce competitors in the past, but Coinbase and Circle have now come together to boost Circle’s USDC stablecoin. Known as the CENTRE Consortium, the joint venture between the two industry giants aims to take the lead in the stablecoin market by ‘establishing the standards required and building the technology needed for … Read more
In today’s edition of The Daily, we look at a strategic investment that could help Binance to establish a fiat-to-crypto exchange in Singapore. We also focus on a new service that digital payments platform Uphold is launching to lend funds to its clients, as well as a cryptocurrency-backed prepaid card that’s coming to the U.S. … Read more
Ripple ends the week as the second top-performing cryptocurrency, with Stellar bagging the pole position with 15 percent growth Go to Source Powered by WPeMatico
It’s been a week for stablecoin stories in the crypto sphere, and while we’d like to have started the weekend on a different tack, Huobi’s effort was too intriguing not to share. We’ll also detail the latest cryptocurrency lending options in Saturday’s edition of The Daily and consider a topical Halloween costume for bitcoiners. Also … Read more
It would appear there is still plenty of stablecoin action on the horizon in the cryptocurrency industry. More specifically, there has been an influx of such currencies over the past few months. Huobi Global is now planning to introduce its own stablecoin, although it is a bit different from what one would expect. The Huobi … Read more
It is safe to say the cryptocurrency industry has seen its fair share of stablecoins already. This market is open to competitors, although nearly 10 different offerings exist already. Even so, the Factom team is confident they can add at least one more competitor to the mix. Their unique stablecoin implementation will be presented later … Read more
Huobi claims users can manage multiple USD-backed stablecoins with their ‘stablecoin solution,’ HUSD Go to Source Powered by WPeMatico
Tether’s transparency shortcomings highlighted by investor and crypto bull Michael Novogratz Go to Source Powered by WPeMatico