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 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...
José Manuel Campa from the European Banking Authority (EBA) urged crypto market players to start adjusting their operations now. The new rules passed by the E.U. last week emphasize the need for market players to comply with the regulations and make necessary preparations...
A group of House Republicans has introduced a draft bill limiting the power of the Securities and Exchange Commission (SEC) over stablecoins used for payments. The bill, still under negotiation, was made public on April 24 and came as the SEC investigates BUSD,...
STASIS CEO comments on the launch of Societe Generale’s competing stablecoin EUR CoinVertible, questioning its viability due to the “single point of failure” problem. Societe Generale’s Crypto Division, SG-FORGE, has announced the launch of EUR CoinVertible, a euro-denominated stablecoin, which aims to bridge...
A new euro-pegged stablecoin introduced in France has received negative feedback from several industry experts, but the general public is still waiting to get their hands on it. On April 20, the Ethereum-based stablecoin known as EUR CoinVertible (EURCV) was introduced by the French bank...
Banking network Societe Generale’s crypto arm just announced the launch of a EUR-backed stablecoin called EUR CoinVertible. SG-FORGE launches EUR CoinVertible Banking networks are increasingly speedily adopting crypto assets. The latest in the process is Societe Generale Bank. Based on incoming reports, Societe...
BTG Pactual has announced the launch of its dollar-backed stablecoin dubbed BTG Dol. The bank now becomes the first banking institution in the Latin American region to launch a stablecoin. BTG Pactual launches own stablecoin BTG Pactual, the largest investment bank in Latin...
Glassnode data on Mar. 26 shows that the stablecoin supply on exchanges has more than halved to less than $24b in four months. Stablecoin supply on exchanges dropping In November, stablecoin supply on exchanges stood at over $44b. Still, this figure, triggered by several fundamental...
Stablecoins backed by fiat currencies may be exempt from regulation provided their reserves are liquid and undergo monthly audits, according to Canadian watchdogs. This comes as s new report by the CSA reveals a new set of guidelines for crypto entities, most of which...