Stablecoin
Tron's TRX Jumps as DAO Deploys $220M for Token Purchase
Tron’s TRX token rose as much as 27% in the past 24 hours as its ecosystem stablecoin decentralized USD (USDD) inched closer to its intended $1 peg. “The Hash” group discusses founder Justin Sun injecting over $2 billion this week to support the Tron market.
Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads
Investors pulled out about roughly $1.6 billion this week from Tether’s dollar-pegged USDT stablecoin, according to price tracker CoinGecko. “The Hash” group discusses the outlook for the stablecoin market after the Terra’s UST meltdown.
Kevin O'Leary: We're Not at Crypto Market Bottom Yet
“Shark Tank” host and WonderFi Strategic Investor Kevin O’Leary explains why he believes the current downturn in the crypto markets isn’t over just yet. He also discusses Celsius freezing withdrawals for users, the Luna collapse, and future of stablecoin regulation in the United States.
USDC Issuer Circle to Introduce Euro-Backed Stablecoin in US
The Euro Coin will be backed by euro-denominated reserves held by U.S. regulated financial institutions.
Tether Denies Asian Commercial Paper Backing Claims, Exposure to Three Arrows Capital
Tether, the firm behind the crypto market’s largest stablecoin USDT, is denying claims that its commercial paper portfolio is 85% backed by Chinese or Asian commercial paper. “The Hash” discusses the latest developments, along with a vague tweet from the founder of Three Arrows Capital.
Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads
Investors pulled out some $1.6 billion this week from USDT, the largest stablecoin by market capitalization, amid growing nervousness as cryptocurrency prices keep sliding.
Crypto Market Slumps; USDD Depegging Fears
Tron founder Justin Sun steps in as USDD stablecoin loses its dollar parity. Microstrategy shares plunge as bitcoin freefalls. Binance resumes withdrawals on Bitcoin network after a temporary pause. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Tron’s Stablecoin Peg to Dollar Wobbles; Justin Sun Swears to Deploy $2B to Prop Up
Decentralized USD (USDD) fell to as low as 91 cents on crypto exchanges early Monday and was changing hands around 99 cents at press time.
Why Terra’s Fall Offers a Unique Opportunity to Create a Better Stablecoin Environment
The right approach, including a constructive dialogue with regulators, can restore trust in stablecoins, which are among the most revolutionary aspects of the crypto environment.
Bermudian Premier on Crypto Regulation
Bermuda-based Jewel Bank received its full bank and digital asset business licenses from the Bermuda Monetary Authority (BMA), becoming the island nation’s first digital asset bank. Jewel plans to issue a USD-backed stablecoin and has plans for other single fiat currencies. Premier and Minister of Finance of Bermuda David Burt shares insights into what this means for crypto regulation in Bermuda and the world.
