stablecoin

MakerDAO governance approves USDC stablecoin as collateral

MakerDAO Governance Approves USDC Stablecoin as Collateral

The MakerDAO governance has approved the USD Coin (USDC) stablecoin as the third collateral type accepted in the Maker Protocol, according to a community post on March 17. The decision was put to an extraordinary executive vote outside of the usual weekly schedule, with the aim of urgently increasing DAI liquidity following last week’s market […]

BitFinex launches tether gold futures trading after it hit $21m market cap

BitFinex Launches Tether Gold Futures Trading After It Hit $21M Market Cap

Major cryptocurrency exchange BitFinex, the sister exchange of stablecoin firm Tether, has rolled out futures trading for Tether’s new gold-backed coin. Starting on 6th March, BitFinex users can trade futures contracts on Tether Gold (XAUT) against Tether (USDT), a widely-known and controversial stablecoin pegged to the United States dollar. The new feature is only available […]

defi leader makerdao partners with simplex

DeFi Giant MakerDAO Partners with Simplex to Build a DAI Fiat On-Ramp

Major decentralized finance (DeFi) player MakerDAO (MKR) partnered with payment processor Simplex to create a fiat on-ramp for its DAI decentralized stablecoin. According to the 3rd March’s announcement, the partnership makes it possible to buy DAI with the credit and debit cards of Simplex’s partner firms. Maker’s business development representative in Europe, Gustav Arentoft, said: […]

Bank of England warns crypto adoption may impact credit creation

Bank of England Warns Crypto Adoption May Impact Credit Creation

Jon Cuncliffe, the deputy governor for the financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the crypto adoption may weaken or eliminate bank credit issuance. In a speech delivered to the London School of Economics on Feb 28, Cunliffe predicted that the integration of stablecoins on social […]

Ripple says stablecoins could be created on XRP ledger

Ripple Says Stablecoins Could be Created on XRP Ledger

Blockchain-based financial services network RippleNet provides a safe, convenient, and easy-to-use wallet for holders of the cryptocurrency XRP, and the features to their system’s ledger may be expanding. RippleNet has been developed significantly since it was created in 2012. The system’s users have long had the ability to perform transactions on a decentralized ledger. Soon […]

Tether CTO to tell the story of USDT

Tether CTO to Tell the Story of USDT Stablecoin at Upcoming Conference

Amid ongoing lawsuits surrounding controversial stablecoin Tether (USDT), the company’s CTO plans to detail the asset’s background at an upcoming conference. BitFinex & Tether CTO Paolo Ardoino is slated to recount “the story of Tether’s inception and success” in the keynote speech at the CryptoCompare Digital Asset Summit in London on March 10, a statement […]

Crypto payments provider partners with travala bookings platform

Crypto Payments Provider Partners with Travala Booking Platform

On Feb 27, Hong Kong-based crypto payments provider Crypto.com announced a partnership with cryptocurrency-friendly travel booking platform Travala. The deal will see Crypto.com‘s payment app integrated onto Travala’s website, providing a streamlined gateway for bookings to be made on the platform. Previously, customers needed to manually complete transfers using their wallets when seeking to make […]

BOE official says central banks may lose payments race to tech companies

BOE Official: Central Banks May Lose Payments Race to Tech Companies

Bank of England (BoE) chief cashier Sarah John has expressed opinions favoring state-issued digital currencies, according to Feb 22 article published by The Telegraph. She urged other central banks to consider developing central bank cryptocurrencies in response to recent moves from private companies’ in the digital payments sector. John stated that it’s “really important” to […]

canadian dollar pegged stablecoin QCAD

Canadian Dollar-Pegged Stablecoin QCAD to be Regulated by FinTRAC

Major Canadian investment fund manager 3iQ and blockchain firm Mavennet co-launched a newly regulated stablecoin pegged to the Canadian Dollar (CAD). Developed by Canada Stablecorp, a joint venture between 3iQ and Mavennet, QCAD is the latest CAD-based stablecoin and was officially launched on Feb 11. QCAD total supply accounts for about 150,000 CAD at the […]

ethereum price

Ethereum Is Picking Up Momentum Once Again & Vitalik Agrees

Ethereum has been pretty strong for the past month after shifting towards a daily uptrend back at the beginning of 2020. Ethereum now sees a 40% price increase since the 1st of January 2020 and continues to post further gains. ETH has been in a healthy consolidation for the past week now after peaking at […]