News by results: Stablecoin

Chainalysis Provides Anti-Money Laundering Compliance Solution for Tether

Chainalysis, the blockchain analysis company, today announced the global roll out of its compliance solution for Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization.

Twitch Users Can Now Tip Streamers With MenaPay Stablecoin

Mobile payments service MenaPay announced support for Twitch tipping with their MenaCash stablecoin.

MakerDAO receives $27.5M from Dragonfly and Paradigm to expand into Asia

A pair of venture capital firms have invested $27.5 million in the MakerDAO ecosystem.

Facebook's Libra could come under some existing rules: watchdog

Existing securities rules could apply to “stablecoin” digital currency initiatives such as Facebook’s Libra project to help realize its benefits, global securities watchdog IOSCO said on Monday as policymakers examine whether new regulation is needed.

US Congressmen Ask Fed to Consider Developing ‘National Digital Currency’

Two U.S. lawmakers want the Federal Reserve to consider creating a digital dollar.

European Commission Exec Questions Facebook’s Libra Stablecoin

Executive Vice President-Designate of the European Commission, Margrethe Vestager, has questioned the motives behind Facebook’s forthcoming Libra stablecoin.

ECB Official: Stablecoins Pose Risks to Public Policy Priorities

A board member of the European Central Bank (ECB) has argued that stablecoins like Facebook’s long-awaited Libra coin pose risks to public policy priorities.

Tether has launched CNHT stablecoin pegged to offshore Chinese Yuan

Tether has launched its offshare Chinese Yuan-pegged stablecoin, dubbed CNHT, the firm announced Monday.

Tether Plans to Issue CNHT — A Chinese Yuan-Pegged Stablecoin

Stablecoin operator Tether plans to issue a Chinese yuan-backed stablecoin, local industry media ChainNews reports on Aug. 21.

Why Tether is dangerous for crypto market

Stablecoin Tether is one of the main channels for converting fiat money into cryptocurrency. The recent erroneous emission of 5 billion USDT has once again reminded that the centralisation of projects can seriously harm the entire crypto industry.

Expert: Tether is like another printing press from a central bank

Stablecoin Tether may be printed to infinity, since the coin is not secured by anything. That’s what Alpari analyst Maxim Parkhomenko told LetKnow.News.

Huobi Revamps HUSD Stablecoin to Help Power ‘Fiat On-Ramp’

Huobi is replacing its current stablecoin solution with a new ERC-20 token.

Swiss Stock Exchange Asks Central Bank to Issue Stablecoin

Principal Swiss stock exchange SIX asked the country’s central bank to issue a stablecoin, local media SwissInfo reports on June 26

Coinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash

On June 12, the cryptocurrency exchange Coinex announced the listing of a new Simple Ledger Protocol (SLP) token called honestcoin (USDH). The Honestcoin.io website details that the new token is a fully regulated stablecoin issued on the Bitcoin Cash network backed 1-to-1 for U.S. dollars.

I Would Not Long or Short Bitcoin, Says Billionaire Stablecoin Investor Druckenmiller

American billionaire Stanley Druckenmiller has doubled down on his distrust of bitcoin (BTC), Bloomberg reported on June 4, quoting a recent interview.

Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). The company reported the update in a blog post published on May 17.

Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents

The USDT stablecoin is only about 74 percent backed by fiat equivalents as of April 30, says its issuer’s general counsel.

World’s Fifth Largest Bank MUFG to Put Stablecoin to Practical Use in 2019

Japanese bank holding and financial services company Mitsubishi UFJ Financial Group (MUFG), the fifth largest bank in the world, is set to put its digital currency MUFG Coin into practical use later this year. The news was reported by Cointelegraph Japan on April 9.

A16z-Backed TrustToken Launches Stablecoin Pegged to UK Pound

Crypto startup TrustToken has launched its second stablecoin – one pegged 1:1 to the British pound.

Universal Protocol Alliance to Launch Euro-Pegged Stablecoin in April

The Universal Protocol (UP) Alliance, a coalition of blockchain firms including crypto exchange Bittrex and decentralized browser Brave, will launch its own euro-pegged stablecoin in April, according to a press release on March 28.