You Searched For "Stablecoin" and got 20 results
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1 min read
PayPal's latest crypto play is a stablecoin pegged to the US dollar
The stablecoin, named PayPal USD (PYUSD), aims to "build the bridge between between Fiat and Web3 f…
Zahra Tayeb
1 min read
The US and the UK are reportedly looking into $20 billion of crypto payments that may have helped Moscow evade sanctions
Authorities are looking into $20 billion worth of transactions on a Russian crypto exchange, Bloomb…
Yuheng Zhan
2 mins read
De-dollarization is underway and Congress must pass stablecoin bill to boost greenback's competitiveness, Circle CEO says
"There are de-dollarization efforts that are underway in many parts of the world," Circle's Jeremy …
Filip De Mott
1 min read
Bitcoin gets vote of confidence as a long-term store of value as Tether says it will buy more of the crypto to back its stablecoin
Tether said that starting this month it will regularly allocate up to 15% of its net realized opera…
Jason Ma
2 mins read
The SEC reportedly derailed stablecoin issuer Circle's plans to go public in a $9 billion SPAC deal
Despite the terminated deal, Circle said that it's "necessary, appropriate and reasonable for the S…
Morgan Chittum
2 mins read
Stablecoin issuer Circle terminates $9 billion SPAC deal as crypto winter rages on
"We are strong, growing, profitable and in the best financial position we've ever been in," Circle'…
Morgan Chittum
2 mins read
Binance admits its stablecoin sometimes lost the full backing it needed to keep its price fixed at $1
The crypto exchange hadn't always maintained the necessary dollar reserves to keep its BUSD-linked …
George Glover
2 mins read
Crypto exchange Binance freezes withdrawals of stablecoin USDC as rattled investors pull $2 billion in funds
Binance is facing questions over its reserves and reports of an imminent probe by US prosecutors, r…
George Glover
2 mins read
Tether's stablecoin loses its dollar peg again after lending platform Celsius freezes all withdrawals
Tether's collapse could potentially be crypto's "Lehman Brothers moment", GlobalBlock analyst Marcu…
George Glover
1 min read
A guy just signed a contract to rent an apartment using bitcoin, likely a world first
A landlord and tenant signed Argentina's first-ever bitcoin-based rental contract. It may also be t…
Joshua Zitser
2 mins read
MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown
Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes tol…
Zahra Tayeb
2 mins read
Binance to cease support for 3 top stablecoins from Sep 29
Leading crypto exchange Binance has announced to discontinue support for three stablecoins - USDC, …
2 mins read
A crypto crash for big stablecoins is likely to send shudders through other financial markets too, a Cornell professor warns
Stablecoin issuers use holdings of US Treasurys to back the crypto tokens, and that means a collaps…
George Glover
3 mins read
Luna and Terra's stablecoin UST are both crashing: Here's a guide to tether, USD Coin, terra and other reserve-backed cryptocurrencies
Terra's algorithmic stablecoin UST appears to have entered a death spiral. Here's a guide to the la…
Business Insider
2 mins read
TerraUSD stablecoin tumbles and luna token plunges 97% as rescue attempts fail to avert 'death spiral'
The crash in supposed stablecoin TerraUSD has caused dismay in cryptocurrency markets, and comes du…
Harry Robertson
3 mins read
A controversial stablecoin is 'breaking the buck.' Here's what that means, and why it's such a big deal.
The TerraUSD algorithmic stablecoin dropped to as low as $0.67 in a sell-off that was sparked over …
Carla Mozée
2 mins read
Tether stablecoin loses its dollar peg as contagion from FTX's collapse spreads through the crypto market
Despite reassurances from founders of the stablecoin, Tether has continued to push back its timelin…
Matthew Fox
5 mins read
Locked out of the Vauld: How the cryptocurrency exchange’s vaulting success unravelled
The year 2022 started well for Vauld, a Singapore-domiciled cryptocurrency exchange. It had raised …
1 min read
A former manager at a major crypto exchange is accused of making illegal trades to bank $5 million in tether, report says
Boliang reportedly made a retail account in his father's name and then deposited $20 million of cre…
Matthew Fox
1 min read
Tether to launch tokens pegged to the British pound in an expansion of its lineup of stablecoins
Putting British pounds on the blockchain will provide a "faster, less costly option for asset trans…