Adoption
Stablecoins are becoming a safe haven for Afghans fleeing the oppressive Taliban regime
To preserve what wealth they have left, Afghans are moving away from volatile assets — including Bitcoin.
stablecoins
Latest stories
Price Watch
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.
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.
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.
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.
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.
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.
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.
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.