stablecoin - Claimpayback

TrueUSD pauses minting of TUSD via Prime Trust, stablecoin briefly depegs

0xMain
June 10, 2023

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TrueUSD (TUSD) has halted the minting of TUSD stablecoin tokens via fintech infrastructure provider, Prime Trust, causing a brief depegging. TrueUSD pauses minting of TUSD on Prime Trust In a June 10 post on its verified Twitter account, TrueUSD informed its users that...

Tether dominating stablecoin market, this new hybrid exchange aims to take over the trading world

0xMain
June 9, 2023

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In Q2 2023, the crypto market was turbulent, mostly in a downtrend before consolidating, impacting various assets. This market-wide trend has created opportunities for certain currencies to carve out a bigger market share and assert dominance. Notably, Tether, a stablecoin tracking the USD,...

Stablecoin risks and how to overcome them| Opinion

0xMain
June 4, 2023

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Given the rise in interest towards central bank digital currencies, their usage will continue to increase. This is despite the...

Noble and Celestia partner to introduce native Cosmos stablecoin

0xMain
June 2, 2023

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Noble and Celestia have announced their partnership to bring native stablecoin utility, notably Circle’s USDC, into the Cosmos ecosystem, a development expected to enhance liquidity and reduce volatility risks. In the DeFi landscape, the role of stablecoins as facilitators of liquidity is pivotal....

First Digital unveils Hong Kong-based USD stablecoin

0xMain
June 1, 2023

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Hong Kong-based trust company First Digital is set to introduce a new stablecoin, “First Digital USD” (FDUSD), which will be pegged to the US dollar and regulated in Asia. In a June 1 release, First Digital announced that the stablecoin would be backed...

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CNHC stablecoin issuer reportedly detained in China

0xMain
June 1, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Trust Reserve team, responsible for the CNHC stablecoin pegged to the offshore yuan, has been allegedly detained by the Chinese police. PANews, a local Asian outlet, exclusively obtained...

Stably USD stablecoin enters bitcoin’s on-chain economy

0xMain
May 25, 2023

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To facilitate efficient trading within bitcoin’s (BTC) evolving on-chain economy, crypto startup Stably has introduced Stably USD, a new dollar-backed stablecoin. In a significant development for bitcoin‘s rapidly developing on-chain economy, a new dollar-backed stablecoin named Stably USD has been launched. Stably, the...

Ripple launches CBDC and stablecoin issuance platform

0xMain
May 19, 2023

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Ripple, a leading crypto solutions company, has introduced the Ripple CBDC Platform, a comprehensive solution for central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs) and manage the lifecycle of fiat currencies. Barely 24 hours after purchasing...

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DEUS Finance hacked, over $6M DEI stablecoin stolen

0xMain
May 6, 2023

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Over $6m worth of DEI, a stablecoin of the DEUS decentralized finance (DeFi) protocol, DEI, was stolen in a hack, the latest details on May 6 show. The exploit led to a loss of more than $5m on Arbitrum, an Ethereum layer-2 solution,...

Curve Finance’s stablecoin grows 0.25% after $22m minted

0xMain
May 4, 2023

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Curve Finance’s newly launched algorithmic stablecoin, crvUSD, saw a 0.25% price increase in the last 24 hours, with the DeFi protocol minting more than $22 million worth of the dollar-pegged token. Data from blockchain explorer Etherscan shows that a contract deployed by Curve Finance on...