Tag: Stablecoin
Crashed Stablecoin Iron Bank Euro (ibEUR) Lacks Clear Repeg Path
The minor alternative stablecoin, which has an $11 million market cap, dropped from its normal price of $0.97 to as low as $0.39 Monday after a shakeu [...]
S&P’s Stablecoin Report Is a Vote of Confidence for Crypto
That said, of the eight stablecoins S&P reviewed, several received lackluster scores. Most notably Tether’s USDT, the largest stablecoin by market [...]
USDC Issuer Circle Brings Native EURC Stablecoin to the Solana (SOL) Ecosystem
"Users will be able to securely hold savings in euro without the need for a traditional bank account, offering a powerful tool for those looking to sa [...]
The Tether Killer? A True Stablecoin Would Enhance Banking and Crypto
The serious, potentially fatal flaw with a stablecoin like Tether is the potential for a “run on the bank.” Any stablecoin that invests in anything ot [...]
USDT Ranked 4 out of 5 in New Stablecoin Stability Assessment From Ratings Agency S&P Global
"As we look to the future, we see stablecoins becoming further embedded into the fabric of financial markets, acting as an important bridge between di [...]
Galaxy-Backed Gyroscope’s Decentralized Stablecoin GYD Goes Live on Ethereum (ETH) Mainnet
Backing assets are stablecoins deployed in certain strategies such as yield-generating sDAI and USDC in Flux, and also support automated market-making [...]
Russia debuts cross-border payments in Tether stablecoin
One of the first cross-border payment platforms in Russia has officially announced its launch and says it will be facilitating local legal entities to [...]
Binance suspends euro stablecoin after 200% price surge
Crypto exchange Binance is reimbursing users and delisting the Anchored Coins Euro stablecoin (AEUR) after the token surged more than 200% in value af [...]
France’s third-largest bank, Société Générale, launches euro pegged stablecoin
Société Générale, France’s third-largest bank, has debuted its native euro-pegged stablecoin, making it one of the first European banking giants to fo [...]
A Small Euro-Pegged Stablecoin Surges 200% on Binance Before Exchange Halts Trading Due to ‘Abnormal Volatility’
The AEUR-USDT pair was trading at around $1.08 for the most part of the day, roughly in line with the EUR-USD exchange rate at the time, Binance tradi [...]
Fresh Money Flows to Crypto as Stablecoin Market Expands After 1.5 Years Downtrend
Tether's USDT added $7 billion to its market cap since September, a sign of capital entering the crypto market, Matrixport noted.
www.coindesk.com [...]
PayPal’s stablecoin ripple effect on markets
PayPal’s introduction of its native stablecoin, PayPal USD (PYUSD), has sparked heated debates within the crypto industry regarding its possible sway [...]
Market Maker Flowdesk Picked for New Euro-Based Stablecoin EUR CoinVertible (EURCV)
“Looking ahead as we approach 2024, we envision a transformative impact where compliant blockchain-based operations by institutions will drastically i [...]
Jeremy Allaire’s USDC Stablecoin Is Building a Real Use Case for Crypto
Stablecoins are arguably crypto's most successful innovation, with millions of daily users around the world. Tether, which operates offshore, is still [...]
Binance will end support for BUSD stablecoin in December
Major cryptocurrency exchange Binance announced it will cease support for all Binance USD (BUSD) products starting on Dec. 15 following Paxos halting [...]