Tag: Pegged

A Revolutionary Stablecoin Transparently Pegged to Tokenized US Treasuries

At the launch of the Verified USD (USDV) dozens of leading CeFi and DeFi like Animoca Brands, BIT exchange, Coin98 Finance, Matrixport, SushiSwap, and Stargate Finance, among many others will offer support for the revolutionary stablecoin project to its users. Verified USD Foundation, a non-profit and community-based organization that is working on revolutionizing the stablecoins market, has announced the launch of Verified USD (USDV). According to the company, the USDV is a community-driven stablecoin that is fully backed by the United States Treasury Bills (T-bills) and provides complete on-chain transparency…

Stock Futures Slump as US Inflation Remains Pegged at 4.9%

Despite the fall off of the US stock futures, there is no doubt that the fight against inflation is yielding a relatively positive fruit in the United States. The US stock futures are seeing a very concerning slump today following the release of the latest inflation figure for the month of April. According to the data from the Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) for the month of April increased by 0.4% when seasonally adjusted, and by 4.9% over the last 12 months when not seasonally…

Eurozone Inflation Receding and Now Pegged at 10%

The cost of living crisis was a major challenge for the region this year as it attempted to bring down energy costs. As the year is wrapping up, the efforts of the European Central Bank (ECB) to curtail the growing surge in inflation within the Eurozone seem to be yielding good fruits. Preliminary readings from Eurostat, the statistical office of the European Union, show that inflation is pegged at 10%, a figure that is lower than the 10.6% reported in October this year. Despite the slowing pace, key aspects of…

Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again

“In the last 24 hours, we’ve had a little bit of a pullback,” Joe Orsini, director of research at Eaglebrook Advisors, told CoinDesk TV’s “First Mover” program. “When you consider the move that’s been made with bitcoin up around 30% from June 18 lows, ether up about 115%, profit taking without FOMO, and some traders kind of taking some off the table makes sense. It doesn’t change the long-term story [of] $25,000; regaining that level should provide some psychological positivity around the market.” Source

Tether Launches Stablecoin Pegged to the British Pound Sterling – Altcoins Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Scientists claim to have designed a fully decentralized stablecoin pegged to electricity

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Researchers at the federally funded Lawrence Livermore National Laboratory in California have combined statistical mechanics and information theory to design a class of stablecoin dubbed the Electricity Stablecoin (E-Stablecoin) that would transmit energy as a form of information. Livermore’s Maxwell Murialdo and Jonathan L. Belof say their innovation would make it possible to transmit electricity without physical wires or a grid and create a fully collateralized stablecoin pegged to a physical asset – electricity – that is dependent on its utility for is value.  According to the scientists, the E-Stablecoin…

Tether Launches Tokens Pegged to the Mexican Peso on Ethereum, Tron, and Polygon – Altcoins Bitcoin News

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The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly launched MXNT tokens will be initially hosted on Ethereum, Polygon, and Tron. MXNT Stablecoin Is Pegged 1:1 to the Mexican Peso The stablecoin and blockchain firm Tether has revealed it has launched a new fiat-pegged token that will join the company’s suite of stablecoins. Tether has launched MXNT, a stablecoin that is pegged to the value of the Mexican peso.…

Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon

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Amid market issues surrounding stablecoins, Tether (USDT) launched a new digital asset that will be pegged to the Mexican peso on Ethereum (ETH), Tron (TRX) and Polygon (MATIC) networks.  In an announcement sent to Cointelegraph on Thursday, Tether mentioned that the token will have the MXNT ticker and will join Tether’s roster of fiat-pegged stablecoins that includes dollar-pegged USDT, euro-pegged EURT and Chinese yuan-pegged CNHT. Citing data that reports blockchain and crypto demand among Mexican companies, the stablecoin issuer believes that there’s a unique opportunity to provide a cheaper option…