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Cryptocoins News / Blockchain  - 2 years ago

Theta EdgeCloud to Launch with Meta Llama 2, Google Gemma, Stable Diffusion, and Other Popular AI Models

Theta Labs is launching EdgeCloud, a platform offering open-source AI models, aiming to revolutionize the AI industry by providing developers with access to cutting-edge technologies. (Read More)

Bitcoin News / Bitcoin.com - 2 years ago

Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems

Blockchain solutions company Ripple has unveiled its strategy to launch a stablecoin pegged to the U.S. dollar, aiming to boost liquidity on the XRP Ledger. Ripple Set to Introduce U.S. Dollar-Linked Stablecoin, Aiming for Wider Crypto Adoption In a...

Cryptocoins News / Blockchain  - 2 years ago

Fantom (FTM) Andre Cronje Raises Alarm Over Ethena's USDe Stablecoin Risks

Fantom founder Andre Cronje voices apprehension about USDe stablecoin's sustainability, invoking fears of a Terra-like collapse. (Read More)

Cryptocoins News / Blockchain  - 2 years ago

VanEck Spearheads Entry into Stablecoin Market with Agora's AUSD Launch

Agora, backed by VanEck, announces the launch of AUSD, a USD-backed stablecoin, following a successful $12 million funding round led by Dragonfly. (Read More)

Bitcoin News / Bitcoin.com - 2 years ago

Hokkoku Bank Launches Tochika, Japan’s First Deposit-Backed Stablecoin

Hokkoku Bank, a regional financial institution in the Ishikawa prefecture, launched Tochika, Japan’s first deposit-backed stablecoin. Customers of the bank will be able to purchase the currency using Tochitsuka, an app developed by Digital Plat...

Bitcoin News / Bitcoin.com - 2 years ago

Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit

Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion demonstrat...

Bitcoin News / Bitcoinist - 2 years ago

Bitcoin ETF Issuer VanEck Dives Into Stablecoin Market, Must-Know Facts Revealed

In a move highlighting the growing interest in the stablecoin market, Nick Van Eck, son of investment management veteran Jan Van Eck, is making a significant bet on cryptocurrencies through the family business.  Agora, a startup co-founded by spot Bi...

Bitcoin News / Bitcoin.com - 2 years ago

Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE

This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March was...

Bitcoin News / Bitcoin.com - 2 years ago

TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023

A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was lin...

Bitcoin News / Bitcoin.com - 2 years ago

Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins

Celo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other to...

Bitcoin News / Bitcoinist - 2 years ago

Bitcoin Stablecoins Ratio At 1-Year Lows: Is This Bullish?

On-chain data shows the Bitcoin Exchange Stablecoins Ratio has plunged to its lowest since March 2023. Here’s what this could mean for BTC. Bitcoin Exchange Stablecoins Ratio Has Been Heading Down Recently As explained by an analyst in a Crypto...