With the rapid rise of cryptocurrencies such as Bitcoin and Ethereum, stablecoins — cryptocurrencies that aim to maintain a stable value relative to another asset or pool of assets — have come under increasing heat …
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Cardano’s DeFi ecosystem receives the first fiat on-ramp with stablecoins
As Cardano-based DeFis are taking their first baby steps, their customers need secure and decentralized on-ramps and off-ramps for fiat money and stablecoins. According to the official announcement by COTI Network (COTI), a digital …
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ECB’s Lagarde: ‘Cryptos are not currencies’
“Cryptos are not currencies, full stop,” Lagarde stressed. “Cryptos are highly speculative assets that claim their fame as currency, possibly, but they’re not. They are not.” Although not a currency, she …
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The USDC in circulation on Solana (SOL) has grown to $2.5 billion
Solana’s network saw explosive growth this year, but it appears that it’s not just NFTs that are driving it higher. The total amount of USDC that circulates on Solana is …
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Tether unveils reserves and backing for its USDT stablecoin in new report
To assuage critics and to abide by a legal settlement, Tether Holdings Limited, the issuer of the world’s largest stablecoin USDT, has released a report by an independent accountant, which found …
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Chinese central bank: ‘Stablecoins could pose risks to global financial system’
China’s central bank has reiterated concerns over cryptocurrencies, with a senior official saying today that digital currencies such as Bitcoin and stablecoins had become speculative tools and could pose threats …
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$55 billion hedge fund Marshall Wace to start investing in crypto and stablecoins
According to The Financial Times, Marshall Wace, a major hedge fund from London, that manages approximately $55 billion has decided to dip its toes in the cryptocurrency sector. A growing interest …
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G7 finance ministers discussed stablecoins & central bank digital currencies
The Group of 7 (G7) finance ministers and central bank officials met last week in London. They have reiterated past comments about stablecoins and its opposition to those that don’t …
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Aave V2 Launches Liquidity Mining Program Targeting Stablecoin Borrowers
Aave has launched liquidity mining incentives for its v2 protocol, paying out governance token rewards exceeding 20% to users who borrow stablecoins. At the time of writing, users who deposit …
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Visa begins settlements for USDC stablecoins payments on the Ethereum blockchain
Payments giant Visa has announced it is now settling payments in the USDC stablecoin on the Ethereum blockchain, becoming the first major payments network to use a stablecoin as a settlement currency. …
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