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Cryptocoins News / The Cointelegraph ​ - 2 years ago

Major Aussie bank takes next step to AUD stablecoin after Chainlink test transaction

ANZ’s banking executive Nigel Dobson says the bank sees “real value” in tokenizing real-world assets on-chain like the Aussie dollar. Australia and New Zealand Banking...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Decentralized stablecoins could dominate crypto: MakerDAO founder

MakerDAO’s Rune Christensen says appropriate regulation will see stablecoins become mainstream, but the real opportunity is in decentralized stablecoins. Decentralized...

Bitcoin News / Bitcoin.com - 2 years ago

Transparency Report Reveals Backing for Paypal’s PYUSD Stablecoin

Paypal’s stablecoin, PYUSD, has been operational for 38 days. The token’s issuer, Paxos, has issued a transparency report related to the coin’s reserves. Much like many of today’s stablecoin industry leaders, PYUSD is supporte...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Wyoming stablecoin: Are state digital currencies even possible?

The Stable Token Commission continues researching the potential implementation of stable tokens in Wyoming. In July, the American state of Wyoming shared an open job...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Opera browser debuts stablecoin wallet MiniPay in Africa

Opera’s new in-browser, noncustodial wallet runs on the Celo blockchain and targets the platform’s African user base for P2P stablecoin transactions. The web platform...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

PayPal PYUSD stablecoin is 100% backed: Paxos transparency report

The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, a Paxos report states....

Bitcoin News / Bitcoinist - 2 years ago

Stablecoin Market Continues To Drain Capital, But USDT Expands

Data shows the stablecoin sector as a whole has continued to observe net outflows recently, but Tether (USDT) has only expanded further. USDT’s Dominance Among The Stablecoins Has Now Grown To Nearly 70% In its latest weekly report, the on-chai...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Stablecoin de-pegging plagued USDC and DAI more than others: Analysts

Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global....

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Stablecoin depegging plagued USDC and DAI more than others: Analysts

Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global....

Bitcoin News / Bitcoin.com - 2 years ago

What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat

Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat mo...

Bitcoin News / Bitcoin.com - 2 years ago

Palau Finishes Distribution Phase of Stablecoin Pilot, Organizes Feedback Survey

Palau is preparing to close the distribution phase of its stablecoin pilot after having extended it for 30 additional days to examine additional use cases and growing popular demand. Palau Ministry of Finance board member Jay Hunter Anson explained t...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation

Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event. The Federal...

Bitcoin News / Bitcoin.com - 2 years ago

ECB Official Shares Digital Euro Progress, Concerns Over Paypal’s Stablecoin

European Central Bank (ECB) executive board member Fabio Panetta has warned about stablecoins issued by private providers, such as Paypal. He also provided an update on the progress of the digital euro. “At the ECB, our investigation phase is n...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Palau to freeze USD-backed stablecoin after pilot launch in July

Palau’s USD-backed stablecoin build on XRP Ledger will be frozen on Sept. 15 as the government will be collecting feedback from users to shape the way ahead. Palau, a...