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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

bitcoin usdt balance signal a bull run
Bitcoin News
bitcoin usdt balance signal a bull run
Bitcoin News

Bitcoin [BTC] and USD Tether Balance on Exchanges Signal a Bull Run: Analyst

Nivesh Rustgi April 28, 2020

The total supply of stablecoins has sky-rocketed to the $9 billion mark, effectively surpassing the total market capitalization of XRP at $8.7 billion. The increase in USDT (Tether) volume has been particularly strong, with 54% supply surge since March. The total supply issued to Tether has increased to $7.516 billion. This is been by far the

The total supply of stablecoins has sky-rocketed to the $9 billion mark, effectively surpassing the total market capitalization of XRP at $8.7 billion. The increase in USDT (Tether) volume has been particularly strong, with 54% supply surge since March. The total supply issued to Tether has increased to $7.516 billion. This is been by far the

Bitcoin gold
Stablecoin News
Bitcoin gold
Stablecoin News

Analysts on How Facebook and the US Congress are Promoting Cryptocurrency

Nivesh Rustgi April 17, 2020

Facebook revamps its model for Libra as it outlines new plans to offer digital versions of single FIAT currencies (or stablecoins). The team expects a launch in 2020 itself. ‘Congresswoman Rashida Tlaib and her counsel introduce an Automatic BOOST to Communities (ABC) Act Bill which proposes ‘digital dollar’ implementation. Libra 2.0 Facebook introduces Libra 2.0, a

Facebook revamps its model for Libra as it outlines new plans to offer digital versions of single FIAT currencies (or stablecoins). The team expects a launch in 2020 itself. ‘Congresswoman Rashida Tlaib and her counsel introduce an Automatic BOOST to Communities (ABC) Act Bill which proposes ‘digital dollar’ implementation. Libra 2.0 Facebook introduces Libra 2.0, a

tron
Altcoin News
tron
Altcoin News

Tron (TRX) Sets Sights At $0.02200 USD As Justin Sun Announces New TRX-backed Stablecoin

Lujan Odera January 17, 2020

Justin Sun, Tron Foundation CEO, announced the launch of a new stablecoin backed by Tron (TRX) and BitTorrent (BTT) on Thursday 16th January 2020. The flamboyant and media friendly founder asked for the community’s opinion on what to name the coin in his ever-present suggestions/guessing game during announcements. However, the tenth largest cryptocurrency on Coinmarketcap

Justin Sun, Tron Foundation CEO, announced the launch of a new stablecoin backed by Tron (TRX) and BitTorrent (BTT) on Thursday 16th January 2020. The flamboyant and media friendly founder asked for the community’s opinion on what to name the coin in his ever-present suggestions/guessing game during announcements. However, the tenth largest cryptocurrency on Coinmarketcap

Tether
Altcoin News
Tether
Altcoin News

Stablecoin Adoption: 90% Of OTC Flow in Asia Happens in Stablecoins

Dalmas Ngetich November 18, 2019

Stablecoins play a crucial role in cryptocurrency trading and investing. By introducing a blend of stability found in fiat currencies and independence inherent in blockchain systems, stablecoins act as conduits where investors and traders can easily move their funds in and out of cryptocurrencies. They are so vital to cryptocurrency trading that 90% of crypto

Stablecoins play a crucial role in cryptocurrency trading and investing. By introducing a blend of stability found in fiat currencies and independence inherent in blockchain systems, stablecoins act as conduits where investors and traders can easily move their funds in and out of cryptocurrencies. They are so vital to cryptocurrency trading that 90% of crypto

Crypto News
Altcoin News
Crypto News
Altcoin News

Crypto Weekly: Libra Association Signs Charter, KuCoin Announces Monthly Bitcoin Futures and More

Supriya Saxena October 20, 2019

Key Highlights  Libra Association Signs Charter, Announces Board of Directors Stablecoins Pose More Issues Than Benefits – G7 Task Force Report Miami International Airport Welcomes Its First Bitcoin ATM Kucoin Announces Launch of Monthly Bitcoin Futures Contracts On Its Derivative Exchange KuMEX The Marshall Islands To Build Own Digital Currency  Media Lab Acquires Kik, Sees

Key Highlights  Libra Association Signs Charter, Announces Board of Directors Stablecoins Pose More Issues Than Benefits – G7 Task Force Report Miami International Airport Welcomes Its First Bitcoin ATM Kucoin Announces Launch of Monthly Bitcoin Futures Contracts On Its Derivative Exchange KuMEX The Marshall Islands To Build Own Digital Currency  Media Lab Acquires Kik, Sees

Huobi
Altcoin News
Huobi
Altcoin News

Trade Wars: Huobi Adds Support for TRC20 Tether with offer; Will it Pump Up the Volume?

Stan Peterson October 20, 2019

There’s never a quiet week in TRONland, from where TRON CEO Justin Sun oversees an ever-expanding digital network. When he’s not making announcements about making announcements, the TRON founder is toasting tangible new successes that are slowly cementing the network’s infiltration into every last recess of the cryptosphere. Huobi and Binance’s decision to support TRC20-USDT,

There’s never a quiet week in TRONland, from where TRON CEO Justin Sun oversees an ever-expanding digital network. When he’s not making announcements about making announcements, the TRON founder is toasting tangible new successes that are slowly cementing the network’s infiltration into every last recess of the cryptosphere. Huobi and Binance’s decision to support TRC20-USDT,

blog
blog

DAI Vs. EOSDT: A Stablecoin Shootout

Guest Author September 24, 2019

MakerDAO’s DAI and Equilibrium’s EOSDT are two decentralized stablecoins that seem to have a lot in common. When I first came across EOSDT, I confess I thought it was another project by MakerDAO. But as I started exploring them both, I not only learned that these projects are by different companies, but that their underlying mechanics

MakerDAO’s DAI and Equilibrium’s EOSDT are two decentralized stablecoins that seem to have a lot in common. When I first came across EOSDT, I confess I thought it was another project by MakerDAO. But as I started exploring them both, I not only learned that these projects are by different companies, but that their underlying mechanics