Cryptonews Tags Stablecoin

# Stablecoin (Page 71)

First Stablecoin Goes Live on Coinbase as Tether’s Struggle Remains

The popular US-based fiat-to-crypto exchange Coinbase has launched support for the new up-and-coming stablecoin USD//Coin (USDC), issued by Circle. In a blog post, Coinbase said it is the first time they have ever added support for a stablecoin, while listing up benefits of the USDC, including...

, by Fredrik Vold

Huobi Lists New Stablecoins Amidst Tether Sell-Off

Huobi Global, the international version of one of the earliest Chinese cryptocurrency exchanges, announced that it will list four new stablecoins on its platform as alternatives to the controversial Tether (USDT) token.The new stablecoins are Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC),...

, by Fredrik Vold

Japan: ‘24/7, Real-Time Yen Withdrawals’ and a New Stablecoin

Japanese cryptocurrency exchange BitBank has announced that its customers can now make real-time token-to-yen withdrawals to scores of leading banks in the country.The exchange has joined the Japanese Banks’ Payment Clearing Network Zengin System, which yesterday launched a new phase of its...

PwC is Getting Ready for the “Next 100M Users of Crypto”

PwC, a “Big Four” accounting and auditing firm, is teaming up with a new crypto start-up Cred in an effort to bring more transparency and trust to the controversial stablecoin space and “usher in the next 100M users of crypto assets.”The auditing and accounting giant is...

, by Fredrik Vold

USD//Coin Circles Tether

The market of stablecoins just became even less stable - a new serious rival has emerged for Tether (USDT), currently the most popular stablecoin. However, opinions differ how the battle between USD//Coin (USDC), a cryptocurrency released by Circle, a crypto startup backed by investment bank...

, by Sead Fadilpašić

Top 5 Stablecoins: Features and Differences

Institutional investors and new crypto startups are increasingly becoming interested in development of stablecoins that may solve one of the main problems for crypto adoption - price volatility.Design of a stablecoin allows to keep a relatively stable price of this asset. They are most useful when...

, by Sead Fadilpašić

3 Good News for the Crypto Market

Despite the heavy selling observed in the crypto markets over the past couple of days, positive news stories have been coming out on an almost daily basis. Here is a summary of three new developments in the crypto world that may help the market.1. Winklevoss win regulatory approval The Winklevoss...

, by Fredrik Vold

Binance and Andreessen Horowitz Found New Investment Targets

Two blockchain-based projects, Dfinity and Terra, have now secured funding from big names such as Andreessen Horowitz and Binance respectively. These two cases come as proof that although the market is still far from what it used to be, investors still believe in blockchain and related...

, by Sead Fadilpašić

IBM Just Got a Stablecoin to Play With

Stablecoin Stronghold launched on Tuesday as Stellar network’s first official, venture-backed USD anchor. The company announced this move in a blog post, adding that Stronghold recently entered collaborations with IBM, a tech giant, to explore uses for Stronghold USD within blockchain business...

, by Sead Fadilpašić

Lambo Trader Launches Own Stablecoin

Elizabeth White is living the crypto dream - she transformed the “when Lambo” meme into a full-time job, facilitating deals for the Italian luxury car in exchange for cryptocurrencies in a matter of days. But now, the CEO of White Company is talking about launching their own...

, by Sead Fadilpašić

Circle Raises USD 110 Million for Dollar-Backed Token

Goldman Sachs-backed cryptocurrency startup Circle has raised USD 110 million in a now-closed fundraising round led by mining hardware manufacturer Bitmain, Reuters reported. The two companies have partnered up to create a token backed by US dollars, while this investment brings Circle’s...

, by Sead Fadilpašić

PayPal’s Remittance Crown is Safe from Crypto…For Now

PayPal’s announcement in April that it would be hiking all cross-border payment fees to USD 4.99 left crypto enthusiasts overjoyed.A cost almost 5 times as expensive as the average bitcoin transaction, PayPal’s new fee is seen by many as typical of the greedy, centralized international...

, by Eiland Glover

Stablecoin Raises USD 133m from Bitcoin Sceptics

Cryptocurrency startup Basis announced on Wednesday they had raised USD 133 million in a round backed by venture-capital firms boasting big names. GV, Bain Capital Ventures, Lightspeed Venture Partners, Andreessen Horowitz, Sky Capital, Stanley Druckenmiller and Kevin Warsh are only some of those...

, by Sead Fadilpašić

Stablecoins are the new black, but just how stable are they?

Pegging to USD is more of a target than a guaranteed method of keeping a currency’s value absolutely fixed.It's no secret that bitcoin and many other cryptocurrencies aren’t particularly stable. Having topped USD 19,000 on December 17, bitcoin hit a low of c. USD 6,000 on February 6 and...

, by Simon Chandler

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