The reserve ratio of Djed, an algorithmic stablecoin designed for the Cardano ecosystem by Input Output Global (IOG), has fallen to 300%, real-time data on June 11 shows. The drop is amid dumping cardano (ADA) prices. Djed reserve ratio drops to 300% Djed is...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Global currency reserve (GCR), a cryptocurrency, has experienced a significant surge in value, with a 24-hour gain of 46%. This price increase indicates heightened market interest and trading activity...
The Reserve Bank of India is enhancing its digital rupee pilot, as it intends to broaden participation and incorporate diverse use cases in the upcoming fiscal year. The Reserve Bank of India (RBI) is intensifying its digital rupee pilot, representing a significant step...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether Holdings Limited’s latest Q1 2023 assurance report, completed by global independent public accounting firm BDO Italia, reveals an all-time high of $2.44 billion in excess reserves, up $1.48...
The U.S. Federal Reserve governor Michelle Bowman has expressed her concerns over the possible creation of a U.S. central bank digital currency (CBDC), arguing that the risks associated with CBDCs far outweigh their benefits. Bowman is not bullish on a U.S. CBDC Despite...
A new draft bill that provides a stablecoin framework in the United States will see private issuers such as Circle, the issuer of USDC, and Tether Holding, the firm behind USDT, placed under the Federal Reserve (Fed) oversight. The Fed is the country’s...
The board of governors of the Federal Reserve System, better known as the Fed, has officially confirmed that they denied Custodia their application to be part of its network. The Fed is concerned about Custodia’s abilities In an updated statement on Mar. 24, the United...