Tag: Stablecoin

$180B READY TO ENTER THE BITCOIN AND CRYPTO MARKET

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today I am going to talk about the amount of money sitting on the sidelines waiting to jump into Bitcoin and crypto. Also I want to give an update on Ukraine, Fed and El Salvador. 🚨I Am George NFTs: ➡️Buy Bitcoin & Crypto with IRA/401k Tax-Free ($100 Bonus) ✅Buy Bitcoin, Crypto & NFTs on FTX (US) 💰Earn 12.6% APY w/ Deposits and Trade w/ Vauld: 🦄The best DeFi ecosystem (Swaps/Farming) w/ 1inch: 💳Blockfi Bitcoin Reward (1.5% Back in BTC) Credit Card: ➡️Track…

Near Surges by Over 25% on News of an Upcoming Stablecoin – Market Updates Bitcoin News

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NEAR rallied by over 25% on Friday, as speculation grew that Near Protocol was set to create a rival stablecoin to Terra’s UST. LUNA fell on the news, as Terra labs plans to purchase around $100 million worth of AVAX, in order to strengthen its own reserves. Near Protocol (NEAR) NEAR was the biggest gainer during today’s session, climbing by over 25%, as traders reacted to two recent fundamental developments. The price surge began yesterday, after it was announced that NEAR had raised $350M in funding from the likes of…

Terra Heads Up, Why NEAR May Launch Stablecoin With 20% APR

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Crypto Insiders founder Zoran Kole revealed the possible launch of a Near Protocol native stablecoin. Via a substack post, Kole claimed the digital asset will be announce on April 20 as an algorithmic stablecoin called USN. Related Reading | TA: Terra (LUNA) Surges, Is It Eyeing A Correction Now? The digital asset will be deployed in cooperation with “other well capitalized stablecoins”, according to the post. At the time of writing, there seems to be no official announcement other than this post and speculation from the crypto community. Therefore, users…

Top US Lawmaker Proposes Sweeping Stablecoin Regulation Framework

Sen. Patrick Toomey (R-Pa.), the ranking member of the committee, announced the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022,” dubbed the Stablecoin TRUST Act for short, as part of an effort to specify how the U.S.’s different regulatory agencies could approach companies issuing cryptocurrencies whose prices are pegged to the U.S. dollar or other assets. Source

UN agency accepts first stablecoin donations worth $2.5M to help Ukrainian refugees

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The United Nations High Commissioner for Refugees (UNHCR), a UN agency for refugees, has accepted its first-ever crypto donations toward humanitarians aid for Ukrainians fleeing the war-torn nation. UNHCR accepted $2.5 million in Binance USD (BUSD) stablecoin donations from Binance Charity that would be utilized to rehabilitate and support refugees fleeing to neighboring countries from Ukraine. According to a report from the USA for UNHCR, more than 10 million people have been displaced from their homes in Ukraine, and the agency will use crypto stablecoin charity funds to provide legal…

Frax Finance’s FXS Jumps as Terra Introduces Stablecoin Pool ‘4pool’

Pools currently deployed on Curve are backed by centralized or decentralized stablecoins, wrapped tokens – such as wrapped bitcoin – or a basket of various assets. 4pool, however, will bring together UST and FRAX, the two largest decentralized stablecoins with a cumulative backing of over $19.6 billion, and USDT and USDC, the two largest centralized stablecoins, with a cumulative backing of $133 billion. Source

TrueUSD and Balancer Offer Liquidity Providers TUSD and BAL Rewards From Stablecoin Pool Incentive Program – Press release Bitcoin News

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press release PRESS RELEASE. Singapore, Singapore / April 4th / – TrueUSD (TUSD) and Balancer (BAL) Automated Market Maker (AMM) partnered up with Polygon to offer liquidity providers with TUSD and BAL rewards from a stablecoin pool incentive program last November. The program incentivizes liquidity providers to add TUSD-DAI-USDC-USDT liquidity to the Polygon ecosystem. In return for adding liquidity, providers will receive BAL, TUSD, and MATIC, an outstanding opportunity for liquidity providers to gain exposure to three different assets while providing liquidity to the ecosystem. The program is live on-chain…