News
The Foundation backing the Ethereum blockchain has laid out a new treasury policy to ensure it allocates resources efficiently while supporting its DeFi ecosystem.
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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.
- News
USDC issuer Circle has upsized its initial public offering again, selling 34 million shares at $31 each.
3747 - Use Case
Kyrgyzstan’s decision to enact clear crypto regulations in a region often marked by uncertainty is rapidly turning it into a potential safe harbor for decentralized finance.
8256 - Opinion
While other countries move toward integrating crypto into their financial systems, Canada is lagging, costing the country capital, talent and competitiveness. Canada’s direction on digital asset innovation remains uncertain.
1890 - Analysis
President Lee Jae-myung rose from being a child laborer in post-war South Korea to becoming a crypto-friendly leader of one of the world’s largest digital asset markets.
1102 - News
Ripple’s RLUSD stablecoin will support the Dubai Land Department’s blockchain initiative to tokenize real estate title deeds on the XRP Ledger.
4940 - News
BCP Technologies CEO says its new pound-backed stablecoin tGBP might be considered a “live proof-of-concept for future FCA stablecoin regulation.”
5350 - News
The GENIUS Act could soon be up for Senate debate and crypto lobbyists urged senators to quickly pass the bill as amendments on credit card fees threaten to delay the bill.
3749 - News
The XAUt0 token will compete with other gold-backed stablecoins and traditional gold investment instruments.
6635 - News
The platform allows investors in Africa to access global real estate and stock markets through tokenized fractional shares using stablecoins.
4336 - Explained
Stablecoin-backed corporate cards are linked to digital wallets holding stablecoins. They facilitate instant currency conversion at the point of purchase.
- News
Stripe’s president confirms growing interest in stablecoins from banks, but adoption would still require more green lights from regulators.
4806 - Analysis
Exposure to wallets tied to suspected Garantex successor Grinex keeps rising as blockchain analyst warnings are ignored.
1405 - News
MiCA has had a limited impact on the adoption of compliant stablecoins in Europe, strengthening the need for the digital euro, Bank of Italy Governor Fabio Panetta said.
5246 - News
Business-to-business transactions and card-linked stablecoin payments have grown, while Tether’s USDt has established dominance.
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