News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Stablecoin News
One of the hindrances to mainstream cryptocurrency adoption is price volatility, as these assets are freely traded in the open market without central administrators tasked with maintaining price stability. The anticipation of potential losses and gains has hindered cryptocurrency’s use as a medium of exchange. Stablecoins, however, are cryptocurrencies designed to maintain a stable value over time, making them ideal for commercial transactions.
The introduction of stablecoins in the cryptocurrency market ushered in a new wave of liquidity, as exchanges were able to provide trading pairs with tokens representing traditional fiat currencies.
Stablecoin design takes many different forms, each with its own tradeoffs:
- Reserve-backed stablecoins: Cryptocurrencies pegged to the value of a fiat currency held in reserve by a company or consortium. E.g., Tether (USDT), USD Coin (USDC) and Paxos Standard (PAX).
- Collateralized stablecoins: Tokens backed by other cryptocurrencies that retain a one-to-one value with a fiat currency through over-collateralization to absorb potential volatility of the underlying assets. E.g., Dai and BitUSD.
- Algorithmic (seigniorage supply) stablecoins: Rather than using a reserve or collateralization to maintain a stable value, these stablecoins are facilitated through an automated expansion and contraction of the monetary supply, emulating the role of central banks in the fiat economy. E.g., Basis.
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BlackRock is expanding into the stablecoin market with a redesigned money market fund, compliant with the new GENIUS Act, to provide a secure reserve vehicle for issuers.
1471 - News
Fat finger errors happen all the time, especially in traditional banking. The difference is that blockchain makes it transparent and immediately identifiable.
2600 - News
Industry groups criticized the proposed stablecoin limits, arguing that they would stifle innovation and signal to the industry that the UK isn’t crypto-friendly.
2588 - News
Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal's PYUSD stablecoin, then sent it all to a burn address.
5172 - Market Analysis
The real winner of last week’s crypto flash crash is the CME. Cointelegraph explains how the exchange is increasing its crypto market share.
2063 - News
As dollar-pegged tokens like Tether’s USDT and Circle’s USDC continue to dominate, the EUROD joins a growing wave of euro-backed stablecoins entering the market.
1778 - Market Update
Bitcoin’s remaining October performance depends on Fed rate cut odds, BTC ETF inflows and the path major US stocks take.
2225 - News
Omnichain versions of Tether’s USDT and XAUT go live on Solana via Legacy Mesh, linking digital dollars and gold across blockchains.
2953 - Research
An oracle vulnerability on Binance contributed to Friday’s market crash, which clocked in as the largest liquidation event in history at $19 B. In this article, Cointelegraph Research analyses newly released forensic orderbook data from the crash.
8086 - News
Brazil’s BRLV stablecoin gives institutions a compliant way to access the country’s high bond yields amid growing global demand for real-world assets.
2444 - News
S&P Global Ratings and Chainlink have partnered to provide onchain stablecoin risk profiles for TradFi players looking to enter or expand into the $300 billion market.
2182 - News
JPMorgan executive Scott Lucas confirms crypto trading services are in development, but his firm is hesitant to handle crypto custody at the moment.
4116 - Opinion
Solana DEXs dominate volume through memecoins but lack liquidity depth for sustainable growth. Bitcoin and stablecoins offer resilience beyond speculation.
2003 - Market Analysis
ETH price sharply recovered as market fears eased and derivatives stabilized, suggesting that a return to $4,500 could be Ether’s next stop.
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