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News by results: Stablecoins

News about Bitcoin, ICO, Blockchain Technology, investment, mining

Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin

Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch of a Silvergate branded stablecoin.

3 FEBRUARY 2022

Stablecoin USDC's ERC20 Issuance Surpasses USDT's Total Supply on Ethereum

On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent 71.84% of the entire stablecoin economy’s value. This week, the current total supply of usd coin surpassed tether, in terms of tokens issued on the Ethereum blockchain, as usd coin has a 0.568% larger fully diluted market capitalization on the smart contract network.

16 JANUARY 2022

Turkey embraces Bitcoin and Tether as the lira keeps spiraling down

Crypto trading volumes using the lira reached a 15-month high as Turks race to get rid of their national currency.

13 JANUARY 2022

Stablecoin Flippening: UST Becomes the Biggest Decentralized Stablecoin By Market Cap

UST, one of the stablecoins of the Terra project, has become the largest stablecoin by market capitalization today, after having surpassed its Ethereum-based rival, DAI. UST is now the largest decentralized stablecoin in the market, closing a year of growth for the Terra ecosystem, which is now among the most valuable top ten cryptocurrency projects in the market.

21 DECEMBER 2021

UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global Transactions

The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users and, hypothetically, to control and filter global transactions.

13 DECEMBER 2021

EU Confirms its Firm Stance on All Stablecoins, Not Facebook's Libra Only

EU Confirms its Firm Stance on All Stablecoins, Not Facebook's Libra Only

The EU has taken a firm stance on stablecoins. But a senior government official in Lithuania says the move will not stop stablecoin operators from proceeding with their plans as the EU is not against innovations and simplified payments.

6 DECEMBER 2019

Stablecoins Can Temper US Dollar Hegemony Risks, Says Non-Profit Exec

Stablecoins Can Temper US Dollar Hegemony Risks, Says Non-Profit Exec

Stablecoins have the potential to temper the systemic threats posed by the United States dollar’s domination of global foreign currency reserves, according to an opinion piece published by the World Economic Forum (WEF).

27 NOVEMBER 2019

McAfee Champions Importance of Stablecoins for Decentralized Exchanges

McAfee Champions Importance of Stablecoins for Decentralized Exchanges

American entrepreneur and staunch crypto advocate, John McAfee, has argued for the importance of stablecoins for decentralized exchange (DEX) adoption.

21 OCTOBER 2019

ECB President: Stablecoins and Crypto Not Suitable Money Substitutes

ECB President: Stablecoins and Crypto Not Suitable Money Substitutes

Mario Draghi, president of the European Central Bank (ECB) shares his views on stablecoins, the future of crypto assets, and possible digital form of the Euro.

28 SEPTEMBER 2019

What are stablecoins?
Exclusive

What are stablecoins?

What stablecoins are and how do they differ from conventional cryptocurrencies. Stablecoins are digital cryptocurrency assets that are tied to the value of other assets (mostly the fiat ones), which allows them to maintain exchange rate stability. We often write about them in our news section about stablecoins.

22 SEPTEMBER 2019

Exclusive
Germany takes aim at Facebook Libra; plans to block private stablecoins

Germany takes aim at Facebook Libra; plans to block private stablecoins

The German grand coalition, the governing coalition of the two biggest political parties in Germany, is looking to deny the launch of projects like Libra, according to a report by Spiegel.

14 SEPTEMBER 2019

Binance has added a new pair, but Jao is not as optimistic

Binance has added a new pair, but Jao is not as optimistic

Binance has recently added a trading pair with its own stablebcoin and pound sterling. However, CEO Changpen Zhao (CZ) does not seem to be too happy with this event:

22 JULY 2019

Biggest Crypto Exchange Takes on Tether With Own Stablecoins

Biggest Crypto Exchange Takes on Tether With Own Stablecoins

Binance, the world’s largest cryptocurrency exchange, will begin issuing so-called stablecoins “in a matter of weeks to a month or two," Chief Financial Officer Wei Zhou said in a phone interview. Traders use these lower-volatility coins to facilitate transactions and to park funds during wild swings in prices, and until now, Tether has been the undisputed market king.

6 JUNE 2019

Usd-Pegged Stablecoins Surge As Market Cap Exceeds $4 Billion

Usd-Pegged Stablecoins Surge As Market Cap Exceeds $4 Billion

Market capitalisation for USD-pegged stablecoins including USDC, UDS and USDT exceeds $4 billion in May, with surge in trading.

23 MAY 2019

Circle CEO Jeremy Allaire: Stablecoins That Use Open Standards Will Prevail

Circle CEO Jeremy Allaire: Stablecoins That Use Open Standards Will Prevail

Jeremy Allaire, co-founder and CEO of payments company Circle, has said that as the sector continues to see new market entrants, stablecoins using an open standards approach will prevail. Allaire made his remarks during an interview with Fortune’s crypto-focused segment The Ledger on March 19.

19 MARCH 2019

New Freelancing Platform Supports 12 Different Cryptocurrencies

New Freelancing Platform Supports 12 Different Cryptocurrencies

There’s a new freelancing platform called Freelance for Coins that provides users with the ability to publish offers and bids for cryptocurrencies. In order to help facilitate deals between users, the service not only allows people to publish their bids and offers, but also provides them with a messenger for chatting. It also enables crypto invoices for coins like BTC, BCH, ETH, XMR, and a few stablecoins.

1 MARCH 2019

Swiss Crypto Industry Leader Says Next Crypto Wave Will Be Stablecoins, Security Tokens

Bitcoin Association Switzerland board member Luzius Meisser says he believes the next wave of crypto innovation will focus on stablecoins and security tokens. Meisser made his remarks during an interview with Cointelegraph’s correspondent during the Crypto Finance Conference in St. Moritz, Switzerland on Jan. 16.

18 JANUARY 2019

Crypto Industry is Betting Big on the Future of Stablecoins

When merchants started introducing bitcoin and similar digital currencies as one of their payment methods, they quickly encountered a significant problem: price volatility.

26 DECEMBER 2018

Stablecoins Could Lead Cryptocurrency Growth in 2019

Cryptocurrency, Stablecoins–With Bitcoin making a shaky climb closer to $4000, the entire industry of cryptocurrency is still reeling from hitting a relative low on the year last week. Since the start of the year, the number one cryptocurrency by market capitalization is down nearly 80 percent since peaking close to $20,000 in December 2017.

11 DECEMBER 2018

Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law

Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers.

29 OCTOBER 2018

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