Tag: Stablecoin

While Bitcoin and Ethereum Dominance Slides, Stablecoin Market Caps Reap the Rewards – Market Updates Bitcoin News

boss

During the past 30 days, $285 billion has left the crypto economy and bitcoin’s USD value hit a 2022 low at $17,593 per unit on June 18. Moreover, last month’s statistics show bitcoin’s market dominance was 2.9% higher and ethereum’s market dominance was 2.1% higher than it is today. Bitcoin and Ethereum Dominance Has Dropped Over the Last Month The crypto bear market has done some damage to the digital currency economy and many continue to wonder if the market carnage will continue. The market has seen a brief consolidation…

Tether CTO refutes stablecoin FUD as short-sellers circle

boss

Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin Tether (USDT) has been the subject of a “coordinated attack” by hedge funds looking to short-sell the United States dollar-pegged crypto asset.  Speaking to his 151,600 Twitter followers on Monday, the Tether executive was responding to reports that hedge funds have been borrowing millions in loans to short USDT since the collapse of Terra in May. He alleged that hedge funds have been trying to create pressure “in the billions” to “harm Tether liquidity” with the aim of eventually…

ANZ’s stablecoin used to buy tokenized carbon credits

boss

ANZ’s stablecoin A$DC has been used to buy Australian tokenized carbon credits, marking another critical test of the asset’s use cases in the local economy. In March, the “Big Four” bank became the first major Australian financial institution to mint its own stablecoin after overseeing a pilot transaction worth 30 million AUD ($20.76 million) between Victor Smorgon Group and digital asset manager Zerocap. ANZ’s stablecoin is fully collateralized by Australian dollars (AUD) held in the bank’s managed reserved account. So far, A$DC transactions have primarily been conducted over the Ethereum…

Top Decentralized Stablecoin Alternatives to USTC (Formerly UST)

boss

The recent cataclysmic crash of the Terra Classic (LUNC; formerly LUNA) left several people bankrupt. South Korean officials reported 8 confirmed suicides due to this blow. Stablecoins emerged as a way for cryptocurrency investors to park their funds to escape from volatility. USTC (formerly UST) was among the largest stablecoins by market cap and the single largest stablecoin on the Cosmos blockchain. This is not the first time an algorithmic stablecoin fell below the point of recovery. So much so that the head of the IMF even suggested that stablecoins…

Tether to Launch New Pound Sterling-Backed Stablecoin

boss

Tether announced today that it would start a sterling-backed stablecoin next month. This announcement comes after the UK decided to regulate the stablecoin sector in readiness for its attempt to turn London into a world crypto hub. This new stablecoin by Tether will be launched in early July and named GBPT. The stablecoin will be pegged at 1:1 to the pound sterling. The GBPT will also provide traders with a cheaper and faster way of transacting. The GBPT stablecoin will be the fourth stablecoin supported by Tether after the euro-pegged EURT, the…

TERRA LUNA COLLAPSE & COINBASE: IF BANKRUPT, YOU LOSE

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io MACRO MARKET ANALYSIS VIDEOS EVERYDAY SINCE 2018. I don’t sell anything. I don’t have any programs for you to join. I will not message you on any platform. I’m not shilling anything. I post videos with my analysis of the global crypto and finance markets. MY ONLY OFFICIAL ACCOUNTS: Twitter: Telegram CHAT: ************* JOIN GEMINI CRYPTO EXCHANGE: Using my link, get FREE Bitcoin after $100 purchase: Join COINBASE Cryptocurrency Exchange Using my link, get FREE Bitcoin after $100 purchase: Buy a LEDGER…

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

boss

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

First Mover Asia: Bitcoin Holds Steady Over 20K; USDC’s ‘Flippening’ of USDT and the Continued Stablecoin Bear Market

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal