Stablecoin
-
Cryptocurrency
Double bubble? Terra's defunct 'unstablecoin' suddenly climbs 800% in one week
Terra’s $40-billion experiment to create a functional “algorithmic stablecoin” project has failed drastically following its collapse in May. Nonetheless, its…
Read More » -
Cryptocurrency
Terra's LUNA2 skyrockets 70% in nine days despite persistent sell-off risks
The price of Terra (LUNA2) has recovered sharply nine days after falling to its historic lows of $1.62. On June…
Read More » -
Cryptocurrency
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
Amid the Chinese government continuing to celebrate the massive decline of cryptocurrency markets this year, one key local blockchain expert…
Read More » -
Cryptocurrency
CBDC may threaten stablecoins, not Bitcoin: ARK36 exec
Central bank digital currencies (CBDCs) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated…
Read More » -
Cryptocurrency
Magic Internet Money token depegs as LUNA domino effect persists
Magic Internet Money (MIM), a United States dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens losing…
Read More » -
Cryptocurrency
Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD
A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the…
Read More » -
Cryptocurrency
Elusive Bitcoin ETF: Hester Peirce criticizes lack of legal clarity for crypto
The crypto sector may be maturing, but regulatory clarity around the treatment of digital assets continues to remain cumbersome. This…
Read More » -
Cryptocurrency
Tether's USDT market cap dips below $70B for an 8-month low
Tether (USDT), the biggest stablecoin and the third-largest digital currency by market capitalization continues losing its market value amid the…
Read More » -
Cryptocurrency
Circle launches euro-backed stablecoin EUROC
USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to the euro, signaling to the market…
Read More » -
Cryptocurrency
DeFi contagion fears and rumors of Celsius and 3AC insolvency could weigh on NEXO price
The price of Nexo (NEXO) continued to fall on June 15 as crypto lending firms continue to be shaken by…
Read More »