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

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

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

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

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

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

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

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

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

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

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

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

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”

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

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

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

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

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

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?

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

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

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

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

Regulation News
Regulation News

BoE Governor Seeks G20 Mandate To Set Global Standards For Stablecoins and CBDCs

Bhushan Akolkar September 5, 2020

The Coronavirus pandemic and the global economic uncertainty has really got central banks thinking about digital currencies! In his recent speech at the Brookings Institution, Bank of England governor Andrew Bailey has asked the G20 economies to work together and establish common global standards for stablecoins and CBDCs. Stablecoins are seeing the best growth in

The Coronavirus pandemic and the global economic uncertainty has really got central banks thinking about digital currencies! In his recent speech at the Brookings Institution, Bank of England governor Andrew Bailey has asked the G20 economies to work together and establish common global standards for stablecoins and CBDCs. Stablecoins are seeing the best growth in

China Blockchain Fund
Bitcoin News
China Blockchain Fund
Bitcoin News

Chinese Govt. to Promote Digital Currency [DCEP] at Winter Olympics

Nivesh Rustgi August 14, 2020

While the west is busy with yield farming and worries over devaluation of US Dollar, the Chinese Govt. is strongly propagating their digital Renminbi. An announcement in the People’s Daily notes the plans  for expansion of the pilot program across China.  As reported ealier, the pilot program has begun in various regions in participation with

While the west is busy with yield farming and worries over devaluation of US Dollar, the Chinese Govt. is strongly propagating their digital Renminbi. An announcement in the People’s Daily notes the plans  for expansion of the pilot program across China.  As reported ealier, the pilot program has begun in various regions in participation with

us bank charter stablecoin disruptor
Bitcoin News
us bank charter stablecoin disruptor
Bitcoin News

This Future U.S. Bank Introduces a ‘Stablecoin Disruptor’ Better than CBDC

Nivesh Rustgi July 23, 2020

Yesterday, in a watershed decision by the US Office of the Comptroller of the Currency, crypto-asset custody firms can now procure a banking charter in the U.S. The major difference brought about by the decision is bypassing the bitlicense and trust co. charter. The banks will have a significant advantage over the current scheme of things. According

Yesterday, in a watershed decision by the US Office of the Comptroller of the Currency, crypto-asset custody firms can now procure a banking charter in the U.S. The major difference brought about by the decision is bypassing the bitlicense and trust co. charter. The banks will have a significant advantage over the current scheme of things. According

stablecoin
Press Release
stablecoin
Press Release

eToro Quarterly Report: Q2 2020, stablecoins find a mainstream use case

Guest Author July 23, 2020

In areas where unrest and inflation run rampant, individuals and businesses are increasingly turning to stablecoins to hedge against depreciation and send funds abroad quickly and cost-effectively. This is just one of the findings in new research released today by social trading platform eToro and The Tie which examines the main themes and drivers within

In areas where unrest and inflation run rampant, individuals and businesses are increasingly turning to stablecoins to hedge against depreciation and send funds abroad quickly and cost-effectively. This is just one of the findings in new research released today by social trading platform eToro and The Tie which examines the main themes and drivers within

us bank charter stablecoin disruptor
Stablecoin News
us bank charter stablecoin disruptor
Stablecoin News

Why Stablecoins Are Not True Cryptocurrencies: Analyst

Nivesh Rustgi July 10, 2020

The realm of cryptocurrency is expanding with DeFi, but stablecoins (and digital FIAT) are starting to threaten the principles and on-boarding of cryptocurrencies altogether.  Recently, USDC issuer CENTRE called on a blacklist function to restrict the account of activities of the associated Ethereum address. This goes against the principles of censorship resistance and cryptocurrencies altogether.

The realm of cryptocurrency is expanding with DeFi, but stablecoins (and digital FIAT) are starting to threaten the principles and on-boarding of cryptocurrencies altogether.  Recently, USDC issuer CENTRE called on a blacklist function to restrict the account of activities of the associated Ethereum address. This goes against the principles of censorship resistance and cryptocurrencies altogether.

Bitcoin
Bitcoin News
Bitcoin
Bitcoin News

After Ethereum Fees, Stablecoins Shadows Bitcoin [BTC] Transactions for the First Time

Nivesh Rustgi June 25, 2020

Data analytics portal, Coinmetrics, reveals that the daily transaction value surpassed Bitcoin for the first time in history. The last 7-days adjusted value of stablecoin transfers is $2.1 billion, while that of Bitcoin is $1.9 billion. The rise of stablecoins continues, this time with the adjusted daily transaction value (7 day average) surpassing that of

Data analytics portal, Coinmetrics, reveals that the daily transaction value surpassed Bitcoin for the first time in history. The last 7-days adjusted value of stablecoin transfers is $2.1 billion, while that of Bitcoin is $1.9 billion. The rise of stablecoins continues, this time with the adjusted daily transaction value (7 day average) surpassing that of

bitcoin-japan-stablecoin
Stablecoin News
bitcoin-japan-stablecoin
Stablecoin News

First Japanese Yen Backed Stablecoin Launched on the Liquid Network

Nivesh Rustgi June 10, 2020

Crypto Garage, a subsidiary of the Japanese IT giant Digital Garage launches the first-ever Yen backed stablecoin. The stablecoin has been launched on, SETTLENET, a crypto assets settlement platform to provide access to the Japanese OTC crypto market.  SETTLENET is a non-custodial crypto-asset OTC settlement application built on top of the Liquid Network. The Liquid Network

Crypto Garage, a subsidiary of the Japanese IT giant Digital Garage launches the first-ever Yen backed stablecoin. The stablecoin has been launched on, SETTLENET, a crypto assets settlement platform to provide access to the Japanese OTC crypto market.  SETTLENET is a non-custodial crypto-asset OTC settlement application built on top of the Liquid Network. The Liquid Network

craig sellars tether founder
Stablecoin News
craig sellars tether founder
Stablecoin News

Tether Founder Shares How Goldman Sachs Shrugged off USDT Back in 2015

Nivesh Rustgi May 28, 2020

Tether founder, Craig Sellars, shares an interesting story of a billion-dollar opportunity missed by Goldman Sachs. In the aftermath of the Goldman Sachs report on Bitcoin and Gold, Crypto Twitter goes gaga over what was intended to be criticism. Leading Bitcoiners slammed their view and the general consensus was that the multi-national bank was attempting to mislead.

Tether founder, Craig Sellars, shares an interesting story of a billion-dollar opportunity missed by Goldman Sachs. In the aftermath of the Goldman Sachs report on Bitcoin and Gold, Crypto Twitter goes gaga over what was intended to be criticism. Leading Bitcoiners slammed their view and the general consensus was that the multi-national bank was attempting to mislead.

Altcoin News
Altcoin News

Justin Sun Takes on the Stablecoin Industry with New USD-pegged TRX Token

Casper Brown May 7, 2020

TRON is now a bonafide decentralized finance (DeFi) platform following the launch of JUST— a decentralized lending app that issues the dollar-pegged USDJ stablecoin in return for TRX coins. TRON Moves into DeFi With Stablecoin Issuance Platform JUST is a new platform launched by the JUST foundation and is designed to enable TRX holders to

TRON is now a bonafide decentralized finance (DeFi) platform following the launch of JUST— a decentralized lending app that issues the dollar-pegged USDJ stablecoin in return for TRX coins. TRON Moves into DeFi With Stablecoin Issuance Platform JUST is a new platform launched by the JUST foundation and is designed to enable TRX holders to