Tag: Stablecoin
Crypto Lender MakerDAO Founder Proposes Upgraded Versions of DAI Stablecoin and Governance Token (MKR)
The new governance token will have a larger supply than MKR, with a 1200:1 exchange rate to MKR. It will also give access to Maker’s AI-assisted gover [...]
USDT Stablecoin Issuer Tether Reveals Bitcoin, Gold Reserves, Reports Q1 $1.48B Profit
According to the Q1 attestation signed by financial services firm BDO Italia, Tether held about $2.44 billion in excess reserves of the $79.4 billion [...]
DEUS Finance loses $6M following stablecoin hack
Decentralized Finance (DeFi) protocol DEUS has lost over $6 million due to a security breach on its stablecoin DEI. The hacker exploited a vulnerabili [...]
“crvUSD” Curve Finance’s Stablecoin Is Now On Ethereum Mainnet
Curve Finance, a decentralized finance protocol has successfully launched its stablecoin crvUSD on the Ethereum network. CrvUSD is an over-collaterali [...]
$22M of Curve Finance algo stablecoin minted since mainnet launch
Decentralized finance (DeFi) protocol Curve Finance has launched its native algorithmic U.S. dollar-pegged stablecoin, dubbed “crvUSD” on the Ethereum [...]
Curve Finance Deploys Native Stablecoin on Mainnet
The deployment marks a major milestone for the public release of Curve’s highly anticipated native stablecoin.
www.coindesk.com [...]
Visa stablecoin plan, debt ceiling’s effect on Bitcoin price: Hodler’s Digest, April 23-29
Top Stories This Week
Circle launches cross-chain USDC transfer protocol
Circle launched a cross-chain protocol that enables USDC [...]
Terra Classic Hopefuls Mull Revival of Failed UST Stablecoin
Community members are vying for a new model to improve revenues to sustain the peg, which includes token buybacks and fees paid on peg deviations.
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Stablecoin Reserves Need to Be Diverse, European Banking Authority Chief José Manuel Campa Says
The bloc’s Markets in Crypto Assets rules, known as MiCA, are set to take effect as of 2024, but crypto market players should start adjusting their op [...]
USDC Stablecoin Was Strengthened by U.S. Banking Crisis in March, Allaire Says
“We've successfully navigated this crisis, and have actually upgraded the market infrastructure behind USDC to be by far the strongest, safest digital [...]
NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access
Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Rese [...]
U.S. House Republicans Make Case on Stablecoin Regulation Bill After Democrats Called for Do-Over
Unlike a previous version of the bill, which was published on the committee’s website ahead of a hearing on stablecoins last week, the new version lea [...]
Euro stablecoin faces centralization criticism
Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions.French bank Soci [...]
Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M of Circle’s USDC Stablecoin to Coinbase Custody
Maker, one of the largest decentralized lending protocols, is led by a decentralized autonomous organization (DAO), in which holders of its native mak [...]
Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum
EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets.
www.coindesk.co [...]