StableCoins

Tron’s over-collateralized, decentralized stablecoin USDD has been doing remarkably well. USDD is unique as its being guided by the first real crypto reserve for the blockchain industry – Tron DAO Reserve (TDR) – with real-time disclosure…
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After Texas state agencies objected to Celsius Network’s plans to sell off its stablecoin holdings to fund ongoing its ongoing operations, some creditors are now telling the bankrupted firm to back off their stablecoins. The creditors are…
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Silvergate Capital has halted its stablecoin plans because of a disappointing earnings report and plunging stock. It recorded quarterly earnings of $1.28 per share for Q3 2022, missing estimates of $1.45. Whilst Silvergate Bank’s digital…
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Patrick McHenry, the top House Financial Services Committee Republican, claims the Biden administration is holding up the stablecoin bill. He believes the bill can still pass Congress. But it’s up to the administration to come to the…
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The US Department of Commerce’s National Institute of Standards and Technology (NIST) in its draft recommendations highlighted security considerations about the architecture and implementation of stablecoins. The non-regulatory agency based…
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With the global crypto market still anxious about Terra stablecoin’s infamous collapse, the CEO of Binance Changpeng Zhao recommended a flat 1.2% trading tax on LUNC trades. He says it could be burned to reduce the token’s total supply and…
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Tether has been ordered, as part of a market manipulation lawsuit that alleges USDT artificially inflated crypto prices, to reveal what backs its stablecoin. Judge Katharine Polk Failla in the court order asked Tether to produce important…
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Bitfinex in collaboration with Hypercore and Tether (USDT) has launched Holepunch – a fully encrypted platform for building peer-to-peer applications. This alliance has also introduced an encrypted application called Keet which is capable…
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Regulators had gathered, from not just one but both sides of the Atlantic Ocean. They had come together in order to have a discussion on cryptocurrencies. Last week, representatives from the European Union as well as the United States spoke…
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Rune Christensen, the founder of MakerDAO, has urged members to seriously consider de-pegging of the DAI stablecoin from the US dollar. His comments come in light of the sanctions on crypto mixer Tornado Cash. DAI is the fourth largest…
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