Stablecoin

A Putin aide has alleged that the US is planning to shift government debt to USD-backed cryptocurrencies. The possibility does not seem very far-fetched

How Trump and Mastercard are pushing the global financial system to an inflection point

For more than a decade, cryptocurrencies have created a parallel decentralised payments architecture as opposed to the centralised global financial system dominated by select intermediaries. Trump’s championing of stablecoins along with Mastercard’s embrace of blockchain can lead to the convergence of disparate worlds

US law on stablecoins may impact Indian financial system

The new U.S. legislation to support stablecoin, a digital currency backed by the US dollar, will have global implications. It will open up risks and opportunities for India. The government may have to make legal and financial arrangements to deal with the new situation, which will enhance the dominance of the U.S. dollar on the international financial system 

Leading stablecoin issuer Tether sees $10 billion in net profits for 2024

As Bitcoin and many other cryptocurrencies rallied to new all-time highs, demand for Tether’s USDT stablecoin — pegged to the dollar — has skyrocketed.

Move over Stablecoin. A new Token is coming

Bank deposits always covert to currency at face value. Or that’s what people believe. So why not put these liabilities on the blockchain?

These are the best crypto gifting options this Diwali

Instead of assorted dry fruits and sweets, did you know that you can gift your loved ones a wholesome crypto gift basket this Diwali? Or crypto gift cards and NFTs? Check out the various options, but proceed with care.

Celsius files for permission to sell its stablecoin holdings

The request was filed with United States Bankruptcy Court Southern District Of New York.

Top Cryptocurrency Prices on July 22: Bitcoin hovers at Rs 18 lakh, Polkadot biggest gainer

The total volume in DeFi stood at $6.65 billion, 8.73 percent of the total crypto market 24-hour volume. The volume of all stable coins was at $$68.91 billion, which is 90.47% percent of the total crypto market 24-hour volume.

South Korea prosecutors raid crypto exchanges, offices for Luna investigation

Luna's value fell to practically zero in May with the collapse of stablecoin TerraUSD, which had been pegged to the U.S. dollar and was exchangeable with Luna.

Crypto lender Voyager Digital seeks bankruptcy protection

Voyager filed a plan of reorganisation, citing prolonged volatility and contagion in the crypto markets and a default by Three Arrows Capital on a loan from its subsidiary

Cryptocurrency Prices Today July 4: Bitcoin falls, Ripple gains 2% as crypto market shows mixed trend

The global crypto market-cap rose marginally by 0.60 percent to $871.80 billion over the last day

Crypto industry fears contagion as bitcoin slips under $20,000

On Monday, the cryptocurrency industry remained on the edge as bitcoin fought to hold above a critical level, with investors concerned that issues at large crypto companies may trigger a wider market shakeout.

Firm behind popular US dollar stablecoin to launch Euro Coin

Circle, a cryptocurrency business, announced on Thursday that it will begin releasing its first euro-denominated cryptocurrency, Euro Coin, later this month.

Binance U.S. exchange sued by crypto investor over stablecoin collapse

A U.S. investor sued Binance U.S. and its CEO on Monday, alleging that the cryptocurrency exchange deceptively advertised Terra USD as a safe asset before the so-called stablecoin's value collapsed last month.

Battered DeFi investors put their hopes in Ethereum revamp

The Ethereum “Merge,” one of the most significant technical upgrades to the blockchain since its inception in 2015, may be one of the few catalysts that could give DeFi a much-needed lift.

The Hong Kong Dollar is the best stablecoin. Sorry, Terra and Luna

Governments are better at guaranteeing stability than crypto pegged to the US dollar. Hong Kong’s currency is proof of that

Bitcoin back below $30,000; European regulators renew crypto warnings

HONG KONG Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to c..

Britain sets out plan to bring some stablecoins under regulatory net

As part of creating a global cryptoasset hub, financial services minister John Glen said Britain will legislate to bring some stablecoins under the regulatory net such as complying with existing payment rules.

Can CBDCs and stablecoins co-exist?

One is issued by the central bank while the other is a cryptocurrency. How people perceive their relative benefits will determine whether one will thrive at the cost of the other 

Cryptocurrency Prices Today : Bitcoin, Ethereum dip marginally

Memecoin SHIB rose 2.47 percent, while Dogecoin was down by 0.85 percent to trade at Rs 11.52. Terra (LUNA) fell 2.48 percent to Rs 4,365

Mark Zuckerberg's cryptocurrency project Diem eyes asset sale

Meta had then partnered with Silvergate Bank to potentially issue a Diem USD stablecoin. Notably, stablecoins are less volatile compared to their other crypto counterparts, given that they are pegged to a specific asset class, which in this case, was the dollar.

PayPal seeks to launch its own stablecoin

Stablecoin is tied to the value of a stable reserve asset like the dollar or rupee, and is generally seen as more reliable than other digital currencies.

Top Cryptocurrency News Today: The biggest moves in NFTs, bitcoins, crypto rules and more

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and Tether to help you jump-start the day.

UST by Terra overtakes DAI, becomes the fourth largest stablecoin by market capitalization

UST and DAI are decentralized stablecoins, backed by other cryptocurrencies. Since the highly volatile cryptos form the basal asset, it is hard to keep these stablecoins pegged stably to the dollar.