Tag: stablecoin

Binance is Adding PAX Trading Pairs to Its New Stablecoin Market

Leading crypto exchange Binance is making changes to the way it lists stablecoins. As of November 29, it will launch a number of trading pairs with the newer fiat-backed token, Paxos Standard (PAX).

Binance Announces Plans to Merge Stablecoin Market and Take Focus from Tether

Binance has announced plans to change its Tether-specific USDT market to a more general stablecoins collective called USDS – offering a wider range of pairs within it. The move, announced in a blog post on the Binance site and via Twitter, will allow traders to make be exposed to a wider range of stablecoin options when searching ...

Tether Exec Refutes Bloomberg, Reassures Investors Crypto Isn’t Manipulated

Leonardo Real, the chief compliance officer of Tether LLC, believes an organized campaign established by many publications is targeting crypto token Tether (USDT) and its partner banks.

S. Korea: Mobile Messaging Giant Kakao and Stablecoin Project Terra Have Partnered in Blockchain Payment System

Kakao Corp, the major internet conglomerate and service provider for popular South Koreanmessaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter's blockchain-based payment system, local news outlet The Korea Times reported Nov. 14.

Stablecoin Wars: Poloniex Eliminates USDC Trading Fees in Bid to Boost Volume

In case you missed it, Poloniex, one of the major altcoin exchanges, was acquired by Circle in February. Previously, Circle was focused primarily on the major coins versus fiat pairings, but since its acquisition of Poloniex it has had the opportunity to dive into more tokens, and in September it launched its own stablecoin to compete with tether (USDT) and the Gemini Dollar (GUSD), which was launched around the same time.

Japanese bank looking to launch yen-pegged stablecoin

Japan’s First Bank of Toyama has entered the fray in launching a state-owned cryptocurrency. Though the full details are yet to be released, it’s been confirmed that the stablecoin will be backed by a one-to-one ratio with the Japanese yen.

PwC Is Advising (Not Auditing) Another Stablecoin Project

The Hong Kong division of global accounting and consulting firm PwC is exploring the best practices for issuing stablecoins, as part of an initiative with the non-profit Loopring Foundation.

Tether Claims $1.8 Billion Balance in Account – Publishes Letter from New Banker as Proof

Just after announcing its new banking partner, controversial stablecoin Tether has published a letter from the bank confirming the availability of more than $1.8 billion in firm’s account.

Stablecoin Wars: Coinbase Token Attracts Capital But PAX Dominates Trading

It’s now been nearly two months since Winklevoss-led cryptocurrency exchange Gemini fired the first shot in the stablecoin wars through the launch of its USD-pegged crypto token, the eponymous Gemini Dollar.

Tether Redeems and ‘Burns’ More than Half of USDT in Circulation

Tether, issuer of stablecoin USDT, says it has “redeemed a significant amount” of tokens from the circulating supply and will now “destroy” 500 million USDT from the Tether treasury wallet, in an official post published Oct. 24.

Crypto Exchange Huobi to Launch Its own Stablecoin HUSD

Huobi, the world’s third largest cryptocurrency exchange by trading volume, announced today that it would launch its own stablecoin called HUSD. Stablecoins are cryptocurrencies pegged to a stable asset as gold or fiat currencies. The buzzword has been embroiled in controversies, particularly after the world’s dominant stablecoin USDT lost its dollar peg since October 15. Upon this, several top ...

Daily News| How Should the Chinese Government Respond to The Rise of Stablecoins?

2018 is the year of the stablecoin. Recently, a number of stablecoins have emerged in the international market and a handful of stablecoins have raised significant funding, leading to extensive public discussions. As stablecoins have been gaining traction since last year and continue to grow in popularity, research companies and capital firms follow the craze ...