Search Results for "usdc stablecoin"
UK Treasury Drafting Private Stablecoin Regulations and Researching CBDC with BoE
The United Kingdom’s Treasury Department has announced it is drafting private stablecoin regulation while it continues central bank digital currency (CBDC) research.
Facebook Digital Currency Libra Rebrands Name to Diem Ahead of Its Dollar-Backed Stablecoin Launch
Facebook-backed Libra Association has rebranded its name to the Diem Association ahead of the proposed launch of its dollar-backed stablecoin.
Justin Sun Tweets Tron just Issued $1.3 Billion in Tether, Here's What it Means for Crypto
While the broader cryptocurrency market is still reeling from a multi-year bear market since 2017, stablecoins like Tether are seeing action. Billions of dollars in USDT have been issued since its launch and the addition of Tron-backed stablecoin issuance, coupled with the now-concluded Bitcoin halving, signals a volatile period ahead for crypto traders and investors.
Dai Stablecoin Reaches 100 Million in Debt Ceiling – An All-Time-High
The Dai (DAI) stablecoin reached the protocol’s built-in debt ceiling of 100 million as there has been 100 million Dai tokens minted. The nearly two-year-old stablecoin project had an original debt ceiling of 50 million, which was raised to 100 million in July 2018.
Coinbase and Circle Add Algorand Blockchain to Multi-Chain USDC Stablecoin Framework—Faster than Ethereum
Coinbase and Circle Centre Consortium have expanded USDC from Ethereum to Algorand’s blockchain as part of its multi-chain USDC framework.
Maker’s Dai Stablecoin Could Reach $2 Billion in Market Cap by the End of 2021—Here’s Why
Messari boldly suggests that after Dai’s market cap surged by 15x this year, due to DeFi, the stablecoin’s market cap could double by the end of next year
Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack
Pickle Finance becomes the latest DeFi Protocol to suffer from hacking, losing almost $20 million in DAI stablecoin.
US CFTC Holds Meeting on Stablecoins Joined by Paxos, MakerDAO and JPM Coin Executives
The United States Commodity and Futures Trading Commission (CFTC) held a meeting earlier this week to study the potential impact of the stablecoin industry. The derivatives regulator met with stablecoin industry experts to understand its future implications.
Facebook's Rebranding of Libra Stablecoin to Diem May Face Copyright Infringement Lawsuit
Facebook’s idea to rebrand its Libra stablecoin project to “Diem” may not be as smooth sailing as what the corporate firm had in mind.
Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law
Chinese officials to consider a cross-border stablecoin in Hong Kong, to facilitate a cross-border payment network between three Asian countries, and four currencies China, Japan, and South Korea. The world’s second-largest economy is aiming to build Hong Kong into an international financial center in the digital economy era. At China’s annual “Two Sessions,” also known as the National People’s Congress, China’s most important annual political event in Beijing, officials set the decision to impose new national security legislation on Hong Kong.
Stablecoin On-Chain Activity at Record Highs but Will Crypto Market Inflation Follow?
On-chain activity for stablecoins has surged over the last year, increasing by 800% according to the latest market intelligence, but could the increase in stablecoin issuance create inflation in the cryptocurrency markets as past allegations against Tether and Bitfinex have suggest ?
New Money Theory in Action: Circle's USDC Stablecoin
Circle is gearing up for 2020 with a renewed deep focus on stablecoins and the powerful potential they hold for people, enterprises, and governments globally.