Bitcoin News / Bitcoin.com - 3 years ago
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches i...
Cryptocoins News / The Cointelegraph β - 3 years ago
The supply of USDT across cryptocurrency exchanges has dropped 28% in 2023, hinting at an overall decline in demand for stablecoins. Tether (USDT) continues to benefit...
Bitcoin News / Bitcoin Magazine - 3 years ago
Over-collateralized, bitcoin-backed stablecoins are going to be an integral part of hyperbitcoinization. This is an opinion editorial by David Seroy, founder and president of Old North Capital Fund and a contri...
Cryptocoins News / Finance Magnates - 3 years ago
Since the
creation of Bitcoin in 2009, digital currencies have gone a long way. Today,
over 4,000 distinct cryptocurrencies are in use, with a total market
capitalization of more than $2 trillion. Volatility, on the other hand, is one
of the most sig...
Bitcoin News / Bitcoin.com - 3 years ago
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, th...
Cryptocoins News / Blockchain - 3 years ago
Brazilian investment bank BTG Pactual has launched its own stablecoin, BTG Dol, which is pegged to the value of the US dollar on a 1:1 ratio. The stablecoin will allow customers to "dollarize" a portion of their equity and will facilitate interaction...
Cryptocoins News / The Cointelegraph β - 3 years ago
At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars through the bankβs Signet platform....
Cryptocoins News / The Cointelegraph β - 3 years ago
The new U.S. dollar-pegged stablecoin aims to help BTG Pactualβs customers interact between the traditional financial system and the digital economy. Major Brazilian i...
Bitcoin News / Bitcoinist - 3 years ago
The cryptocurrency exchange Binance has recently observed its largest stablecoin net outflow in history, as revealed by a report.
Binance Has Seen Large Stablecoin Withdrawals Recently
Binance has been under some regulatory pressure from the US gover...
Cryptocoins News / Blockchain - 3 years ago
Recent failures of established financial institutions, such as Silicon Valley Bank and Signature Bank, have highlighted the potential for distress to spread to the decentralized finance (DeFi) sector. The depegging of stablecoins, including Circle's...
More / Bitcoin Reddit - 3 years ago
There is so much attention on US regulation right now that people seem to forget that Bitcoin is a global phenomena. If it gets pressured on one end in the world it will pop out on the other end. Imagine what will happen if the US is banning Bitcoin...
Cryptocoins News / The Cointelegraph β - 3 years ago
A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional...
Cryptocoins News / The Cointelegraph β - 3 years ago
Fiat stablecoins are too deeply rooted in exchanges for algorithmic stablecoins to rise, according to some experts. Binanceβs native stablecoin β Binance USD (BUSD) β...
Cryptocoins News / Finance Magnates - 3 years ago
With high fees,
long transaction times, and the danger of currency fluctuations, cross-border
payments have always been difficult for individuals and businesses equally.
However, the rise of stablecoins has opened up new avenues for efficient and
saf...
Cryptocoins News / Blockchain - 3 years ago
A panel of digital regulatory experts at the World of Web3 (WOW) Summit in Hong Kong discussed the future of regulated stablecoins. The group concluded that regulated stablecoins are likely to remain in use by 2030 and that their growth rate in the m...
Bitcoin News / Bitcoinist - 3 years ago
Since the Silicon Valley Bank (SVB) fallout negatively impacted Circleβs USD coin (USDC), the stablecoin has recorded significant outflows. This massive withdrawal from USDC indicates investors have started ditching the stablecoin for other assets.
A...
Bitcoin News / Bitcoin.com - 3 years ago
Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose...
Cryptocoins News / The Cointelegraph β - 3 years ago
Digital regulatory professionals have predicted the wide use of stablecoins worldwide by 2030, despite the current competition between TradFi and DeFi. Regulated stabl...
Cryptocoins News / The Cointelegraph β - 3 years ago
Stablecoins are seen as a potential solution to cryptoβs banking problem, but some of them are currently not immune to banking issues. The collapses of banks like Silv...
Cryptocoins News / Finance Magnates - 3 years ago
<p class="MsoNormal">The growth of
cryptocurrencies in recent years has offered a new method of performing
financial transactions. The usage of stablecoins for remittances is one of the
most potential applications of this technology....