Tag: Stablecoin

The Stablecoin Issue: Should Stability Undermine Scalability

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The current cryptocurrency landscape, although fast-growing, is still noticeably far from being the inadvertent choice in finance for the average Jane and Joe. Among the few barriers to entry that linger in the crypto space for newbies, price fluctuation (volatility) is a key hurdle to overcome. To put this in perspective, cryptocurrencies can fluctuate in price by upwards of 16% in a single day! What if there was a form of money that was as stable as regular fiat currency but can still be used as a cryptocurrency? This would…

Stablecoins: Why This Hot Cryptocurrency Faces Challenges | WSJ

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin’s volatility has limited its adoption for payments, so entrepreneurs created stablecoins: cryptocurrencies pegged to assets such as the U.S. dollar. But the recent settlement of a probe into the most popular stablecoin, tether, shows the need for transparency in the growing industry. Photo illustration: Sharon Shi/WSJ More from the Wall Street Journal: Visit WSJ.com: Visit the WSJ Video Center: On Facebook: On Twitter: On Snapchat: #WSJ #Stablecoins #Bitcoin ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch

Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs.  VORTECS™ charts from Cointelegraph Markets Pro show that COTI, an enterprise-grade financial technology platform focused on decentralized payments and digitization for any form of currency, could be on the verge of a breakout. The indicator began to detect a bullish outlook for COTI after the metric hit a high of 89 on April 13. VORTECS™ Score (green) vs. COTI price. Source: Cointelegraph Markets Pro Three reasons for the improving outlook for…

How much of a stablecoin allocation is too much?

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Cryptocurrencies are well-known for being volatile assets, which means that experienced traders have plenty of opportunities in the space. Investors can expect to be taken on a wild ride if they plan on holding for a long time. Stablecoins, a class of cryptocurrencies that offers investors price stability pegged to the value of fiat currencies, offer investors a safe haven when market turbulence hits but may represent missed opportunities over time. Speaking to Cointelegraph, several experts have stated that retail investors should approach cryptocurrencies with a “pay yourself first” attitude…

BlackRock joins stablecoin issuer Circle’s $400M funding round

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Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRock. The USDC issuer has entered into an agreement for a funding round featuring investors like BlackRock, the investment advisory firm Fidelity Management and Research, the London-based hedge fund Marshall Wace and Fin Capital, as Circle officially announced Tuesday. The investment round is expected to close in the second quarter of 2022. Apart from providing strategic investment and being the…

USDC Stablecoin Issuer Centre Hires 2 Executives to Oversee Regulation, Operations

CryptoX – Cryptocurrency Analysis and News Portal Centre, the consortium founded by Circle and Coinbase in 2018 to govern USD Coin (USDC), announced Tuesday that Linda Jeng, a current Georgetown law professor and former regulator with the U.S. Securities and Exchange Commission (SEC), would be joining as Centre’s chief policy and regulatory officer. Source The post USDC Stablecoin Issuer Centre Hires 2 Executives to Oversee Regulation, Operations appeared first on CryptoX. CryptoX Portal

Morgan Stanley Says US Could Regulate Stablecoin Issuers Like Banks

Implications for the crypto markets could be far reaching as about 60% of bitcoin and ether exchanges are trades versus a stablecoin, and stablecoin lending has become an important part of centralised and decentralised finance (DeFi), the note added. DeFi is an umbrella term used for lending, trading and other financial activities carried out on a blockchain, without needing any third parties. Source BanksBitcoincryptoexchangeExchangesIssuersMorganRegulateStablecoinStanley CryptoX Portal

Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap – Altcoins Bitcoin News

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The stablecoin economy has grown during the last month as the market capitalization is now only $10 billion away from reaching the $200 billion mark. While the largest stablecoin, by market valuation, tether (USDT) swelled by 3% during the last 30 days to $82 billion, terrausd (UST) has increased by 15.4% to $16.7 billion. Stablecoin Economy Swells by 1.65% in 30 Days Nearing the $200 Billion Milestone According to statistics on Monday, April 11, 2022, the stablecoin economy is worth $190.1 billion. During the last 24 hours, stablecoins have captured…

Starbucks joins NFT party, UK government seeks stablecoin regulations and Crypto Twitter rallies behind cancer fighter, Hodler’s Digest: Apr. 3-9

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Starbucks announces NFT initiative as union-busting controversy continues Nonfungible tokens continue making headlines, with coffee giant Starbucks having recently signaled its intent on joining the NFT party. “Sometime before the end of this calendar year, we are going to be in the NFT business,” said…