Stablecoin
Top Articles from Prashant
USDC
News
USDC
News

Stablecoin News: After Tether, Circle’s $5 Billion USDC Issuance Comes Under scrutiny

Tether’s $1 Billion USDT print this week raised many eyebrows amid US federal agencies’ plan to tighten their scrutiny around stablecoin issuers. The major concern for authorities lies with the issuance backings that have been found misleading in the past. After Tether, now Circle’s latest $5 billion USDC has come under scrutiny. Circle has issued

Prashant Jha November 29, 2021

Tether’s $1 Billion USDT print this week raised many eyebrows amid US federal agencies’ plan to tighten their scrutiny around stablecoin issuers. The major concern for authorities lies with the issuance backings that have been found misleading in the past. After Tether, now Circle’s latest $5 billion USDC has come under scrutiny. Circle has issued

Nigeria
News
Nigeria
News

Breaking: Nigeria Becomes First African Nation to Launch a CBDC

Nigeria has become the first nation in Africa to launch a soverign digital currency called eNaira. The central bank had earlier delayed the launch by a month but now seems everything has been put in place for the official launch. The Nigerian Central Bank also claimed that their emphasis was more on launching a complete

Prashant Jha October 25, 2021

Nigeria has become the first nation in Africa to launch a soverign digital currency called eNaira. The central bank had earlier delayed the launch by a month but now seems everything has been put in place for the official launch. The Nigerian Central Bank also claimed that their emphasis was more on launching a complete

Israel
Ethereum News
Israel
Ethereum News

Israel Looking at Ethereum Blockchain For its CBDC Development

Bank of Israel is reportedly set to start its CBDC pilot and they might go with Ethereum as the base blockchain on top of which it would work. The central bank reportedly did its first trial using blockchain but there is no confirmation from the Israeli Central Bank if Ethereum indeed would be a part

Prashant Jha October 23, 2021

Bank of Israel is reportedly set to start its CBDC pilot and they might go with Ethereum as the base blockchain on top of which it would work. The central bank reportedly did its first trial using blockchain but there is no confirmation from the Israeli Central Bank if Ethereum indeed would be a part

Visa
Blockchain News
Visa
Blockchain News

Breaking: VISA Unveils Layer-2 Interoperability Platform For Stablecoins

Visa, the payment processing giant is expanding its crypto infrastructure with a new stablecoin interoperability focused layer-2 solutions that would allow Central Bank Digital Currencies (CBDCs) and private stablecoins to be transferred between different blockchain. The new platform would be called the “universal payments channel” (UPC). The development of the stablecoin layer 2 solutions can

Prashant Jha September 30, 2021

Visa, the payment processing giant is expanding its crypto infrastructure with a new stablecoin interoperability focused layer-2 solutions that would allow Central Bank Digital Currencies (CBDCs) and private stablecoins to be transferred between different blockchain. The new platform would be called the “universal payments channel” (UPC). The development of the stablecoin layer 2 solutions can

SEC chief
News
SEC chief
News

See What SEC Chair Gary Gensler Compared Stablecoins With

Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC) has compared stablecoins to the Wild West noting the digital currencies are acting like Poker Chips at the Casino. Speaking in an interview with the Washington Post, Gensler highlighted the impact of digital currencies in pushing new frontiers for the ongoing financial

Godfrey Benjamin September 23, 2021

Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC) has compared stablecoins to the Wild West noting the digital currencies are acting like Poker Chips at the Casino. Speaking in an interview with the Washington Post, Gensler highlighted the impact of digital currencies in pushing new frontiers for the ongoing financial

US Federal Reserve Bitcoin
News
US Federal Reserve Bitcoin
News

Fed Report’s regulatory overhaul designates Stablecoins as systemically risky

The upcoming CBDC report by the Treasury, the Fed, and other financial regulators will reportedly focus on imposing stricter regulations on stablecoins in lieu of an underlying and undetected risk factor. According to the New York Times, the Financial Stability Oversight Council holds the power to designate stablecoins as, systemically risky financial system, which in

Palak Malhotra September 20, 2021

The upcoming CBDC report by the Treasury, the Fed, and other financial regulators will reportedly focus on imposing stricter regulations on stablecoins in lieu of an underlying and undetected risk factor. According to the New York Times, the Financial Stability Oversight Council holds the power to designate stablecoins as, systemically risky financial system, which in

China
News
China
News

Chinese State Banks Aims to Expand e-Yuan Use in Insurance Products

The Digital Yuan or e-yuan, the CBDC developed by the People’s Bank of China is nearing the final stages of its trial phase that has expanded to numerous provinces and cities. The total value of e-yuan trnsacted during the trial phase has reached $5.3 billion in June. Now State-owned China Construction Bank is exploring the

Prashant Jha August 31, 2021

The Digital Yuan or e-yuan, the CBDC developed by the People’s Bank of China is nearing the final stages of its trial phase that has expanded to numerous provinces and cities. The total value of e-yuan trnsacted during the trial phase has reached $5.3 billion in June. Now State-owned China Construction Bank is exploring the

BTC
Bitcoin News
BTC
Bitcoin News

Crypto Exchanges See $1.7 Billion in Stablecoin Inflow, Here’s How It Can Help Bitcoin (BTC) Cross $50K

Crypto exchanges registered a massive inflow of stablecoins over the past couple of days amounting to $1.7 billion. Such a large inflow of stablecoins is often considered bullish given the general perception that people send stablecoins onto exchanges to invest more in cryptocurrency. The massive inflow of stablecoins has also pushed the stablecoin reserves on

Prashant Jha August 27, 2021

Crypto exchanges registered a massive inflow of stablecoins over the past couple of days amounting to $1.7 billion. Such a large inflow of stablecoins is often considered bullish given the general perception that people send stablecoins onto exchanges to invest more in cryptocurrency. The massive inflow of stablecoins has also pushed the stablecoin reserves on

Coinbase
News
Coinbase
News

Did Coinbase Lie About USDC to Investors? Here’s How It Could Backfire

Coinbase, the largest crypto exchange in the US had a long-running advertisement on its platform regarding the second-largest stablecoin USDC. The advertisement promised every dollar paid to investors would be used to back the USDC with $1 “in a bank account.” The Coinbase partnership has proven fruitful for the stablecoin as it managed to become

Prashant Jha August 11, 2021

Coinbase, the largest crypto exchange in the US had a long-running advertisement on its platform regarding the second-largest stablecoin USDC. The advertisement promised every dollar paid to investors would be used to back the USDC with $1 “in a bank account.” The Coinbase partnership has proven fruitful for the stablecoin as it managed to become

News
News

Bitstamp to list Tether’s first-ever Euro backed stablecoin EURt

Bitstamp, a bitcoin exchange based in Luxembourg has announced the launch of Tether’s first Euro-based stablecoin, EURt. Tether-issued stablecoins already hold a dominant position in the European crypto sphere, and with rising demand for stablecoins, EURt could be the answer to exceptional profit margins for Bitstamp. The press released has dated the launch to 22nd

Palak Malhotra July 21, 2021

Bitstamp, a bitcoin exchange based in Luxembourg has announced the launch of Tether’s first Euro-based stablecoin, EURt. Tether-issued stablecoins already hold a dominant position in the European crypto sphere, and with rising demand for stablecoins, EURt could be the answer to exceptional profit margins for Bitstamp. The press released has dated the launch to 22nd

Regulation News
Regulation News

Federal Reserve’s Chairman is uncertain on CBDCs

Jerome Powell, the Federal Reserve Chairman has publicly admitted that he is unsure of the Fed issuing its own Central Bank Digital Currency (CBDC). However, he asked for approval from the US government, before the Federal Reserve takes any further actions towards the creation of CBDCs. “I am legitimately undecided on whether the benefits outweigh

Palak Malhotra July 16, 2021

Jerome Powell, the Federal Reserve Chairman has publicly admitted that he is unsure of the Fed issuing its own Central Bank Digital Currency (CBDC). However, he asked for approval from the US government, before the Federal Reserve takes any further actions towards the creation of CBDCs. “I am legitimately undecided on whether the benefits outweigh

News
News

Breaking: ECB Approves “Investigation Phase” For CBDC Research and Development

The European Central Bank (ECB) has announced a major step towards the launch of its sovereign digital currency goals by approving an investigation phase. The investigation phase would be 2 years long and focus on researching various aspects of a central bank-issued digital currency. “We have decided to launch a project to prepare for possibly

Prashant Jha July 14, 2021

The European Central Bank (ECB) has announced a major step towards the launch of its sovereign digital currency goals by approving an investigation phase. The investigation phase would be 2 years long and focus on researching various aspects of a central bank-issued digital currency. “We have decided to launch a project to prepare for possibly

News
News

Just-In: UAE Central Bank Sets CBDC Strategy Deadline

UAE Central Bank (UAECB) has announced its strategic objectives for 2023-2026, with their new and enhanced Digital Strategy that would include the much-awaited and grand launch of Central Bank Digital Currency (CBDC). UAE Central Bank has been discussing its interest in CBDC for a while now, and the 2023-2026 Strategy has provided a definite timeline

Palak Malhotra July 12, 2021

UAE Central Bank (UAECB) has announced its strategic objectives for 2023-2026, with their new and enhanced Digital Strategy that would include the much-awaited and grand launch of Central Bank Digital Currency (CBDC). UAE Central Bank has been discussing its interest in CBDC for a while now, and the 2023-2026 Strategy has provided a definite timeline

Blockchain News
Blockchain News

Breaking: USDC Stablecoin Issuer Circle is Going Public at $4.5 Billion Valuation

Circle, the blockchain firm behind the USDC stablecoin is all set to go public on Nasdaq via a SPAC merger. The blockchain firm will merge with Special Purpose Acquisition Company Concord Acquisition Corp (NYSE: CND). The merger deal would see an Irish company acquire both Concord and Circle and list publically on Nasdaq under the

Prashant Jha July 8, 2021

Circle, the blockchain firm behind the USDC stablecoin is all set to go public on Nasdaq via a SPAC merger. The blockchain firm will merge with Special Purpose Acquisition Company Concord Acquisition Corp (NYSE: CND). The merger deal would see an Irish company acquire both Concord and Circle and list publically on Nasdaq under the

Bitcoin News
Bitcoin News

Chinese crypto crackdown may extend to Stablecoin after butchering Bitcoin

Fan Yifei, Deputy Governor of the People’s Bank of China mentioned the speculative nature of both Bitcoin (BTC) and Stablecoins, at the State Council policy briefing this morning. He said bitcoin and stablecoins are a potential threat to the state’s financial security and social stability, as the decentralized digital currency has become a gateway to

Palak Malhotra July 8, 2021

Fan Yifei, Deputy Governor of the People’s Bank of China mentioned the speculative nature of both Bitcoin (BTC) and Stablecoins, at the State Council policy briefing this morning. He said bitcoin and stablecoins are a potential threat to the state’s financial security and social stability, as the decentralized digital currency has become a gateway to

proof-of-concept
News
proof-of-concept
News

Bank of England And HM Treasury Announce Taskforce to Launch “UK CBDC”

The Bank of England and HM Treasury in a joint statement announced the launch of a CBDC task force that would be responsible for exploring different potential use cases for a “UK CBDC.” Central Bank Digital Currency (CBDC) has become a priority for many countries in the wake of the rising popularity of digital assets

Prashant Jha April 19, 2021

The Bank of England and HM Treasury in a joint statement announced the launch of a CBDC task force that would be responsible for exploring different potential use cases for a “UK CBDC.” Central Bank Digital Currency (CBDC) has become a priority for many countries in the wake of the rising popularity of digital assets

Tether
News
Tether
News

Tether Offers Transparency Report to Prove Its Reserves Are Fully Backed

Tether, the USDT stablecoin issuer has presented its first transparency report for its USDT supply and fully backed reserves in the form of assurance opinion from Moore Cayman. As a stablecoin issuer, the circulating supply of USDT must be backed by an equivalent amount of USD in reserves, however, Tether has often been marred into

Prashant Jha March 30, 2021

Tether, the USDT stablecoin issuer has presented its first transparency report for its USDT supply and fully backed reserves in the form of assurance opinion from Moore Cayman. As a stablecoin issuer, the circulating supply of USDT must be backed by an equivalent amount of USD in reserves, however, Tether has often been marred into

Standard Chartered digital currency
Altcoin News
Standard Chartered digital currency
Altcoin News

Standard Chartered CEO Bill Winters Signals A Digital Currency Debut

Bill Winters, the CEO of Standard Chartered was at the Singapore Fintech Festival where he claimed that widespread crypto adoption is inevitable and its use for international payment settlement would only grow as these payment gateways evolve with time. Winter also gave his views on widely discussed state-backed sovereign digital currencies and said that he

Prashant Jha December 7, 2020

Bill Winters, the CEO of Standard Chartered was at the Singapore Fintech Festival where he claimed that widespread crypto adoption is inevitable and its use for international payment settlement would only grow as these payment gateways evolve with time. Winter also gave his views on widely discussed state-backed sovereign digital currencies and said that he

Stablecoin
blog
Stablecoin
blog

Stablecoins Can Be More Profitable Than Altcoin Staking?

Cryptocurrency staking has exploded in popularity in the last year, as more cryptocurrencies than ever before now allow users to stake their assets in return for rewards paid out by the network. Although altcoin staking can be profitable in many cases, a sizable fraction of stakers are currently suffering devastating losses, due to the underlying

Guest Author October 27, 2020

Cryptocurrency staking has exploded in popularity in the last year, as more cryptocurrencies than ever before now allow users to stake their assets in return for rewards paid out by the network. Although altcoin staking can be profitable in many cases, a sizable fraction of stakers are currently suffering devastating losses, due to the underlying

Zilswap-DEX
DeFi News
Zilswap-DEX
DeFi News

Zilliqa Enters the DeFi Market, Launches Decentralized Exchange Zilswap

On Monday, October 5, Switcheo announced the launch of its new decentralized exchange Zilswap, powered by the Zilliqa blockchain network. The fully on-chain Zilswap DEX will help Zilliqa to set its footing is the rapidly growing decentralized finance (DeFi) market. Similar to Uniswap, the Zilswap DEX also uses an automated market maker (AMM) built atop

Bhushan Akolkar October 5, 2020

On Monday, October 5, Switcheo announced the launch of its new decentralized exchange Zilswap, powered by the Zilliqa blockchain network. The fully on-chain Zilswap DEX will help Zilliqa to set its footing is the rapidly growing decentralized finance (DeFi) market. Similar to Uniswap, the Zilswap DEX also uses an automated market maker (AMM) built atop