StableCoins

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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So far, the year 2022 has been punishing for the traders of digital assets. Many things that have gone wrong this year, include – Bitcoin’s (BTC) decline in price (lowest since the year 2020) The crypto market cap drop from $3…
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Drawing a lesson card from the collapse of Terra’s algorithmic stablecoin, TRON plans to significantly increase the amount of capital backing for its own stablecoin USDD which was launched on May 5. USDD was designed to maintain its peg to…
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Brainard appears before a committee on CBDC's potential role and stablecoins' future Lael Brainard, the vice-chair of the US Federal Reserve, sent a written document to the virtual hearing of the Financial Services. The statement is on the…
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