Searching for: "stablecoins"

A stablecoin (or stable coin), as its name indicates, is a stable cryptocurrency designed to be resistant to the type of price volatility synonymous with cryptocurrencies like Bitcoin and Ether. The key is to understand "stable": what is "stable"? which references are pegged to make its value "stable"? In terms of what we measure the "stability".

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How Stablecoins Address Volatility?
An overview of the Stablecoins, roles, impact in the crypto market

TrustToken Eyed 4 Stablecoins Expansion!
TrustToken announced in its blog post on 24 April that it will release four stablecoins that are pegged to Hong Kong dollars (TrueHKD), Euros (TrueEUR), Canadian dollars (TrueCAD), and Australian dollars (TrueAUD). TrueAUD is now available to list on crypto exchanges! While TrueCAD and TrueEUR are set to launch in Q2 2019, TrueHKD will be launched afterwards in 2019.

IMF Releases New Blog on the Adoption of Stablecoins
The International Monetary Fund (IMF) recently released a blog, “Digital Currencies: The Rise of Stablecoins” outlining the adoption of new digital payment methods.

Why Stablecoins are Securing the Future of Crypto World
While the value of most cryptos has tremendously declined due to coronavirus outbreak, the demand for stablecoins seems to be on the rise.

European Central Bank Plans to Take the Lead on Stablecoins
European Central Bank President Christine Lagarde has urged the ECB to take the lead regarding stablecoins, citing increased interests in the space from central banks in Britain, Canada, and China.

Exclusive: 2 Key Challenges to Peg Gold Stablecoins
In storage of value, financial professionals will think of physical gold whereas crypto community will think of stablecoins. How about a combination of gold and stablecoins? Geoffrey Cher, Business Development Lead of Digix, revealed the 2 key challenges to maintain the peg with gold using stablecoins! He also shared with us the enormous potential of digital gold given 2 pain points in physical gold purchase!

G20 Agency Warns Countries of Systemic Risks Posed by Global Stablecoins
The Financial Stability Board (FSB), the G20 body that advises on ways to improve the global financial system, has published a study on the challenges, which stablecoins pose for the global economy. The FSB stated that regulatory frameworks have already covered several activities associated with stablecoins, although there are other risks that many national regulators could be left unprepared for.

Exclusive: Why Proof of Provenance is Essential for Gold Stablecoins?
In Part 2 of our interview, Geoffrey explains why Proof of Provenance is so important for gold stablecoins! He also cleared up the confusion of the two tokens in Digix ecosystem:DigixDAO token (DGD) and Digix Gold token (DGX)!

Facebook Considers Fiat-pegged Stablecoins for Libra
Despite facing constant criticism, Libra continues to stead on, with consideration of using Fiat – Pegged Stable coins for the project to replace its initial proposal of having a synthetic unit.

WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy
Stablecoins and the technology underlying them will be the building blocks of a more sustainable, inclusive and resilient global financial system according to the World Economic Forum (WEF).

European Central Bank Encourages Clear Regulatory Structure for Stablecoins to Reap the Benefits While Minimizing Potential Risks
The European Central Bank (ECB) published an in-depth report on global stablecoins, focusing on highlighting the requirement for clear regulatory parameters for stablecoins, and the risks it may pose to financial stability. The ECB suggests that a “robust regulatory framework” must be established to address risks before its benefits could be explored.

eToroX: Leveraging Deep Liquidity and Stablecoins for Institutional Traders
Doron Rosenblum is the Managing Director of eToroX. We were fortunate to meet up with him at the Blockshow Asia 2019, where he discussed the advanced crypto functionalities of eToroX, liquidity, and regulation.

G7 Reports Stablecoins Like Libra Threaten Financial Security
According to the BBC, the G7 group of nations has drafted a report outlining nine major risks that digital currencies, such as Facebook’s proposed Libra, pose to the global financial system.

Genesis Capital Breaks Previous Quarter Record With 870M in New Loan Originations in Q3
Genesis records rising demand for cash and stablecoins

The ECB Expresses Concerns on Regulating Stablecoins
Due to the lack of regulation of stablecoins, concerns have been conveyed by the European Central Bank (ECB) despite stablecoins with a clear governance framework.