StableCoins

Palau, an island nation in the Pacific, has teamed up with Ripple Labs to develop a national stablecoin. President Surangel S. Whipps Jr confirmed that the country’s IT team was actively working with Ripple Labs and exploring the…
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Emurgo has built methods for simple deployment of the soon-to-be-launched token into the structure of the USDA stablecoin. By the end of the first quarter (Q1) of 2023, Emurgo, the official commercial arm and a founding business of the…
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The world’s largest crypto exchange Binance has somewhat recovered its market share, about 80%, up from the lows of 67% earlier in the month. Customers had withdrawn a record $6 billion from the platform following concerns about solvency.…
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The TrueUSD team has launched a new stablecoin TCHN which is linked to the Offshore Chinese Yuan (CHN). It has a 1:1 ratio. The new stablecoin will be deployed on the Tron blockchain. Users can trade the token, buy or hold it as the token…
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USDD, Tron network’s algorithmic decentralized crypto asset, is the latest stablecoin that has slipped off the $1 peg. It fell slightly below $0.97 on Monday, seeing its lowest since June 22. This violated DAO’s 3% price fluctuation…
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Tether, the issuer of the world’s largest stablecoin USDT, has vowed to stop the practice of lending out funds from its reserves. It has taken it upon itself to restore faith in the crypto market. The company’s secured loan, as per a…
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As crypto exchange Binance witnessed the largest stablecoin outflows totaling $2.159 billion in 24 hours, CEO Changpeng Zhao (CZ) warned his staff of turbulent times. He expects the next several months to be bumpy. But CZ reassured his…
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The largest stablecoin issuer in the world, Tether, has taken precautions to ensure that there are no risks related to USDT on the Solana network. The unsuccessful FTX exchange wouldn't have any negative effects on the USDT that Alameda had…
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In terms of institutional acceptance, USD Coin (USDC), a stablecoin released by the American company Circle Financials Ltd, is overtaking Tether (USDT), its main opponent. The market value of USDC coins now in use is approximately $44…
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A leading decentralized finance and stablecoin ecosystem, Ardana, that was being built on Cardano have been abruptly stopped because of funding and timeline constraints. It will remain open-source for builders, but treasury balances and…
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