stablecoins

Bitcoin price consolidates while daily active addresses see strong growth

The market price of bitcoin is consolidating above $38,000, but stays closely correlated to the stock market. At the same time, the number of daily active addresses is steadily growing, as is the supply of stablecoins.

4 years ago

Opinion

The U.S. already have a CBDC, just skip the “CB”

Let the private sector come up with a solution to the CBDC dilemma. Maybe you heard it before, but the U.S. already has a, or rather several, digital dollars. They’re called stablecoins, and all the U.S. government basically has to do, to leapfrog China, is to say okay.

4 years ago

CBDCs

Digital euro bill set to come in early 2023

While the Chinese digital yuan is being rolled out during the Beijing Winter Olympics, the European Union is now planning to propose a bill for a digital euro early next year.

4 years ago

Stablecoins

Stablecoins total market cap just surpassed $150 billion

The total market cap of all stablecoins surpassed $150 billion on Monday. Tether’s USDT is still the largest stablecoin on the market, but Center’s USDC is catching up.

4 years ago

Stablecoins

USDC blacklist cost users an extra $3.6 million – per month

Checking against the internal record of blacklisted addresses cost USDC users millions of dollars each month. This makes the stablecoin USDC around 40% more expensive to use than the decentralized stablecoin DAI.

4 years ago

DeFi

$4B non-profit established to stabilize UST stablecoin

Founded by Terraform Labs, non-profit Luna Foundation Group, is set out to support the stability of the stablecoin UST peg, and allocate grants for ecosystem builders.

4 years ago

Banking

Consortium of U.S. banks looking to launch bank-issued stablecoin

An association of FDIC-insured financial institutions launched Wednesday, with a mission to build a network of banks to further the adoption and interoperability of a bank-minted stablecoin.

4 years ago

Stablecoins

Stablecoins collateralize $7.2 billion worth of Bitcoin futures

Stablecoins have recorded over 400% growth in this year and now collateralizes over $7 billion worth of BTC futures.

4 years ago