Tag: Stablecoin

Maker, Now Rebranded to Sky, Draws Ire From DeFi Community on Controversial DAI Stablecoin Change

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Crypto Lending Giant MakerDAO Renames to Sky with New USDS Stablecoin and Governance Token

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Wyoming Aims to Launch ‘Dollar-Dependent’ Stablecoin in Q1 2025

Wyoming plans to launch a dollar-based stablecoin, the Wyoming Stable Token, in Q1 2025. The digital asset aims to provide faster and cheaper transactions for individuals and businesses in the state. Governor Mark Gordon emphasizes the importance of adopting this “dollar-dependent” stablecoin to stabilize the market and bring debt onshore. A Faster and Cheaper Way […] Source CryptoX Portal

Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stablecoin, and Paraguay keeps seizing illegal bitcoin mining operations. El Salvador to Educate 80,000 Public Servants on […] Original

Russia Makes Plans To Launch Crypto Exchanges and Stablecoin: Report

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Russia is reportedly making plans to launch its very own crypto exchange platforms and stablecoins. According to a new article by local news publication Kommersant, Russia is planning on creating at least two crypto exchanges – one based in Moscow and another in St. Petersburg – as well as stablecoins pegged to the Chinese yuan and BRICS currencies. Russia is part of an economic alliance with Brazil, India, China, and South Africa known as BRICS. The report goes on to say that the exchanges – which will be mainly reserved for wealthy…

Stablecoin Coming From Mercado Libre (MELI)

Ripio, a Latin American crypto company, will serve as the market maker for transactions made on Mercado Pago, the company said. Ripio, which operates a trading platform and a wallet in the region, among other services, had worked with Mercado Pago to develop Mercado Coin. Source