StableCoins

Tether’s Paolo Ardoino, the CTO confirmed that the company’s website is dealing with a DDOS problem. The attack was triggered by a staggering increase in requests – from 2000 to over 8 million at an interval of 5 minutes. This incident took…
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Tether, the world’s largest stablecoin issuer, is keen to introduce a stablecoin that will be pegged to the British pound. The stablecoin “GBPT” will initially be supported by the Ethereum blockchain. If Tether goes ahead with the token’s…
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Bermuda’s Prime Minister David Burt says that digital assets are the future, and he doesn’t worry that his country will be left out. He made this statement while attending the 2022 Consensus conference. The dramatic collapse of TerraUSD…
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A matter of great concern is the value of the stablecoins plunging down. At present, the stablecoins market cap is over 150 billion USD. Incidentally, stablecoins were intended to have a more fixed value as compared to normal digital…
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Tether’s Paolo Ardoino, the CTO confirmed that the company’s website is dealing with a DDOS problem. The attack was triggered by a staggering increase in requests – from 2000 to over 8 million at an interval of 5 minutes. This incident took…
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With ongoing investigations into Terra stablecoin UST collapse, authorities in South Korea have issued an order preventing its key designers from leaving the country. The Seoul Southern District Prosecutor Office’s Joint Financial and…
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The collapse in the value of certain stablecoins and recent strains in the digital asset market suggest structural fragilities, says the Federal Reserve’s Monetary Policy Report. The Fed Reserve’s board of governors highlighted stablecoins…
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Moneygram International, a known name in the financial services sector, has partnered with SDF to introduce a new feature. SDF or Stellar Development Foundation and Moneygram are now going to make it easy to convert to and from USDC, a…
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Tether has been in the news a lot recently due to the crash of the USDT, a stable coin. It was supposed to have a value of $1 but recently fell to as low as $0.07. Capital Union, the bank based out of Bahamas and Tether’s banking partner…
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The Cosmos’s ecosystem was on the hunt for a new decentralized stablecoin after the collapse of Terra’s UST. Now, the hunt is over as cross-chain protocol Umee is filling the gap with DAI. Brent Xu, CEO of Umee, highlighted that UST’s…
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