Tag: Stablecoin

CoinSpeaker [De]centralized EOS Network Adds Its First Stablecoin CarbonUSD, Debates Unfold Last few days, a screenshot is seen circulating on social media revealing a decentralized blockchain protocol EOS practicing authority over its network. Meanwhile, first stablecoin - CarbonUSD - added to the ecosystem.
On 9 November 2018, New York-based blockchain startup Carbon-12 Labs (better known as "Carbon"), which develops a stablecoin called CarbonUSD (CUSD), announced that CUSD was available on the EOS platform. In this article, we take a closer look at CarbonUSD.
CarbonUSD is a stablecoin that is linked in with the US Dollar. The creator of the token, Carbon, announced in a press release on Friday that they are now being added to the EOS platform, making them the first stablecoin on that network.
The project has won support from one of the most forward-looking banks in Switzerland to create the most transparent and reliable stablecoin, backed by the Swiss franc. .
In case you missed it, Poloniex, one of the major altcoin exchanges, was acquired by Circle in February. Previously, Circle was focused primarily on the major coins versus fiat pairings, but since its acquisition of Poloniex it has had the opportunity to dive into more tokens, and in September it launched its own stablecoin to The post Stablecoin Wars: Poloniex Eliminates USDC Trading Fees in Bid to Boost Volume appeared first on CCN .
P. H. Madoreccn ·  
The Chairman of Russia’s Duma Committee has revealed the country’s plans to launch a stablecoin. Read more Markets pieces here.
The Russian Duma has yet to pass basic cryptocurrency legislation, but the government is already toying with the idea of a ruble-backed stablecoin. .
The chairman of Russia’s State Duma Committee on Financial Markets has said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble. The chairman of Russia’s State Duma Committee on Financial Markets has said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble in a digital space, state-operated Russian news agency RIA Novosti reported Nov.
Controversial stablecoin issuer, Tether Ltd. (USDT), had announced on November 1st that Bahamas-based Deltec Bank & Trust is its new banking partner.
Digital asset exchange provider AlphaPoint said that it integrated TrueUSD, with its partner exchanges listing the stablecoin. In a separate press release, the company announced that it hired a CBOE executive.
“Big Four” accounting and professional services firm, PricewaterhouseCoopers (PwC), is reportedly looking into “best practices” for issuing USD-backed stablecoins. PwC’s Hong Kong division has partnered with the Loopring Foundation (a community focused on building protocols specifically for decentralized crypto exchanges) - in order to explore how to effectively manage the process of issuing stablecoins.
Having weathered the storm of controversies surrounding ties with the Puerto-Rico-based Noble Bank, Tether Limited confirmed Deltec Bank & Trust as its new banking partner in a statement on November 1. The issuer of the dollar-pegged stablecoin (USDT) put rumors […] The post Tether (USDT) Confirms New Banking Partner Deltec appeared first on Blockonomi.
The Russian Duma is considering a new Ruble-based stablecoin. According to reports from Russian radio news station Govorit Moskva, the chairman of Russia’s State Duma Committee on Financial Markets announced that the Russian government will likely press forward with a […] The post Russian Duma Weighs up Creation of “CryptoRuble” State-Backed Stablecoin appeared first on Blockonomi.
Tether’s new Bahamas-based banking partner is possibly involved in $25 million money laundering case being investigated by federal prosecutors in Sao Paulo. Brazilian law enforcement has solicited the help of Bahamian authorities to investigate suspicious transactions to Deltec Bank & Trust – the recently-announced new banking partner of controversial stablecoin Tether (USDT) – major Brazilian newspaper O Globo reports Nov.
PwC Is Currently Advising a New Stablecoin Project in The Market A division of the worldwide accounting and consulting firm PwC is currently working with a new stablecoin project that aims at developing a U. S.
The Hong Kong division of global accounting and consulting firm PwC is exploring the best practices for issuing stablecoins, as part of an initiative with the non-profit Loopring Foundation. Announced Tuesday, PwC Hong Kong’s Asia-focused study on stablecoins follows a PwC partnership in the U.
USD Coin has been in the spotlight of late and the reasons should not be far-fetched for anyone who has been following proceedings in the crypto ecosystem of late. In less than a month, the company rose in value and notched the 58th position of top cryptocurrencies, according to data on CoinMarketCap.
Jimmy Akiccn ·  
The trading platform, which is one of the leading fiat-to-crypto markets, will add only crypto-to-crypto pairs for GUSD. .
Bitcoin’s price rose late Sunday, joining in on a broad market rally fueled by competitor bitcoin cash. Meanwhile, Tether’s USDT stablecoin pared losses to return to within half a percent of parity against the U.
Sam Bourgihacked ·  
New Coinbase users earn $10 of free Bitcoin when funding your account with at least $100. https://goo.
The chairman of Russia’s State Duma Committee on Financial Markets has claimed that the entity is considering the launch of state-backed cryptocurrency pegged to the Russian ruble, Russian radio news station Govorit Moskva reported Friday, Nov. 2.
Goldman Sachs has shown their support for the new asset, stablecoin, as it seems more stable, unlike the fluctuation we observe with bitcoin. The backing from Goldman Sachs, predicts a secure future for the use of cryptocurrency as it will build trust in the system.
Ifeanyicoinpedia ·  
This post was originally published here The chairman of Russia’s State Duma Committee on Financial Markets has claimed that the entity is considering the launch of state-backed cryptocurrency pegged to the Russian ruble, Russian radio news station Govorit Moskva reported Friday, Nov. 2.
The chairman of Russia’s State Duma Committee on Financial Markets is considering the launch of a state-backed stablecoin pegged to the ruble. The chairman of Russia’s State Duma Committee on Financial Markets has claimed that the entity is considering the launch of state-backed cryptocurrency pegged to the Russian ruble, Russian radio news station Govorit Moskva reported Friday, Nov.
On November 2, 2018, Coinbase announced that it would be integrating support for Basic Attention Token (BAT), an ERC-20 token that is designed to work out-of-the-box with the privacy-centric Brave Browser, on CoinbasePro. BAT will initially trade against USD Coin (USDC), a stablecoin that Coinbase developed with Circle Ltd.
On November 2, 2018, Coinbase announced that it would be integrating support for Basic Attention Token (BAT), an ERC-20 token that is designed to work out-of-the-box with the privacy-centric Brave Browser, on CoinbasePro. BAT will initially trade against USD Coin (USDC), a stablecoin that Coinbase developed with Circle Ltd.
Venture capital-backed blockchain startup, Stably, has launched a stablecoin called StableUSD (USDS). The company noted that USDS can now be purchased and redeemed.
Goldman Sachs-funded fintech firm, Circle Internet Financial, has announced that twelve more companies recently began supporting USD Coin (USDC), the company’s newly launched stablecoin. Circle’s USDC is reportedly backed 1-to-1 with the USD.
Tether Limited, the issuer of stablecoin Tether (USDT) wholly-owned by Bitfinex, has opened a bank account with Bahamas-based Deltec Bank. The move follows a long process of due diligence review of the company, including the ability to maintain the USD peg at any moment in time, the announcement says.
Tether Limited, the issuer of stablecoin Tether (USDT) wholly-owned by Bitfinex, has opened a bank account with Bahamas-based Deltec Bank. The move follows a long process of due diligence review of the company, including the ability to maintain the USD peg at any moment in time, the announcement says.
Tether’s rumors have paved way for other stablecoins [pegged 1:1 with real-world assets] like Circle’s USDC, Paxos’ PAX, and Winklevoss twins’ Gemini [GUSD]. A war among stablecoins has started to take over Tether’s throne if and when it falls.
Compound is a marketplace that helps users borrow and lend cryptocurrency. In an effort to include their investors in the ongoing progress of their platform, they are asking their opinion on a new stablecoin to list on the platform.
A Dozen New Companies Are Supporting USD Coin USD Coin has been the hot cake of the crypto ecosystem as of late. In under a month, the coin is already ranked 58th by market size on CoinMarketCap.
Tether, the company behind the stablecoin USDT, stated its banking relationship with Deltec Bank in the Bahamas and published a letter from the said bank confirming its USD reserves with $1. 8 billion in the bank account.
Lyliannews.8btc ·  
A unique and transparent approach by blockchain startup Stably, will try to cool down the market volatility after tether (USDT) had a very rough last month. The post Stably has a New Stablecoin with a Unique and Transparent Approach appeared first on CoinStaker | Bitcoin News.
CoinSpeaker Yet Another Stablecoin Launched, but This One With Real-time View of Fiat Reserves Balance Stably is a venture capital-backed startup seeking to bring stability to the volatile cryptocurrency market through a secure, transparent medium of exchange. Having already raised around $500,000 in seed funding they kickstart the StableUSD project.
Tether Limited is back in the news; this time, it has confirmed a banking relationship with a financial institution based out of the Bahamas. The issuer of the controversial USD-pegged stablecoin tether (USDT) announced its partnership with Bahamas-based Deltec Bank & Trust Limited.
Tether Limited is back in the news; this time, it has confirmed a banking relationship with a financial institution based out of the Bahamas. The issuer of the controversial USD-pegged stablecoin tether (USDT) announced its partnership with Bahamas-based Deltec Bank & Trust Limited.
The topic of stablecoins has been generating buzz in the crypto community for months. .
StableUSD, A New USD-Pegged Stablecoin, Has Just Been Launched Stablecoins are one of the biggest trends of the crypto market now. After Gemini Dollar (GUSD), TrueUSD (TUSD), Tether USD (USDT) and many other tokens, now is the time for StableUSD (USDS), a new crypto that is set to take Tether’s place as the number one […].
The issuer of cryptographic stablecoin Tether (USDT) announced it had found a new banking partner in a statement Nov. 1, confirming rumors it would use Bahamas-based Deltec Bank & Trust.
Stablecoin issuer Tether Limited confirmed Thursday it was banking with Bahamas-based Deltec Bank and Trust Limited and published a letter purportedly from the institution as evidence of its reserves. The company, which issues the controversial tether (USDT) stablecoin, has long been under fire over concerns that it does not have the fiat holdings to fully […].
Crypto startup Stably has just launched its StableUSD, a dollar-backed competitor to the reigning tether (USDT) stablecoin. .
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release.
Press Releaseccn ·  
It’s now been nearly two months since Winklevoss-led cryptocurrency exchange Gemini fired the first shot in the stablecoin wars through the launch of its USD-pegged crypto token, the eponymous Gemini Dollar. That same day, Paxos — like Gemini an NYDFS-regulated firm — made a similar announcement, and before long, crypto unicorns Circle and Coinbase revealed The post Stablecoin Wars: Coinbase Token Attracts Capital But PAX Dominates Trading appeared first on CCN .
Josiah Wilmothccn ·  
Tether Limited, the issuer of controversial USD-pegged cryptocurrency stablecoin tether (USDT), has confirmed that it has established a banking relationship with a small financial institution based out of the Bahamas. The cryptocurrency firm, notorious for its opaque operations, broke from standard practice on Thursday, announcing publicly that it has formed a banking partnership with Deltec The post Breaking: Tether Opens $1.
Josiah Wilmothccn ·  
The Ethereum powered, sharing economy platform Origin is adding another stablecoin: TrueUSD. The news comes in the form of a blog post, explaining the need for a stablecoin in their peer-to-peer economy.
Stalwart USD-backed stablecoin Tether is now officially “fully backed” by USD, a new statement says. The issuer of cryptographic stablecoin Tether (USDT) announced it had found a new banking partner in a statement Nov.
This post was originally published hereIn what’s become a rarity over the past month, the price of the tether (USDT) stablecoin temporarily regained parity with the U. S.
In what’s become a rarity over the past month, the price of the tether (USDT) stablecoin temporarily regained parity with the U. S.
The recent Tether panic, in which people fled USDT en masse, generated significant discussion on the viability of the current stablecoin…Continue reading on Havven Blog ».
Kain Warwickmedium ·  
5 Key Takeaways from Stablecoins: Collaboration Towards Mass Adoption, London October 25th 2018Continue reading on Data Driven Investor ».
Sung Kimmedium ·  
The Daily In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets. We also look at Bitfinex’s newly updated app for “on-the-go” traders.
In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets. We also look at Bitfinex’s newly updated app for “on-the-go” traders.
Japanese Cryptocurrency Market The cryptocurrency market in Japan falls under the regulation of Fund Settlement Law. It defines all virtual currencies.
USDC, the stablecoin supported by a consortium that includes Circle Internet Financial Ltd. and Coinbase Inc.
Ethereum-based decentralized exchange uses IPFS protocol to launch security token platform for the next generation.   To remove bottlenecks associated with traditional investing in IPOs, BaseCore has launched the BaseCore token – a stablecoin backed by the portfolios of high-valued private IT startups to keep volatility at bay.
The new stablecoin is launching on Stellar’s blockchain and it will be pegged to the Australian dollar (AUD) with business and consumer usecases. It was announced on 23rd of October that the Novatti AUD Utility Token.
The cryptocurrency world has seen an influx of stablecoins. While their initial purpose is to provide a stable asset value, Nexo sees merit in this concept for different reasons.
The stablecoin Tether has been the subject of controversy, speculation, and what some are calling “weaponized FUD” in recent weeks. Some have speculated the company’s lack of transparency surrounding its dollar-backed crypto offering could mean insolvency.
Smart Valor, which recently received approval from Swiss regulator FINMA to operate its crypto business, said it was working on a stablecoin project. .
WONG Xiaoqi, vice president of Huobi Group, said during an online blockchain salon that a stablecoin must have three key factors to be…Continue reading on Medium ».
Coinness.commedium ·  
CoolBitX’s CoolWallet S now offers full support of Circle’s stablecoin, USDC, allowing easy exchanges and rapid investment hedging Taipei, October 2018  – CoolBitX, the secure crypto hardware wallet producer, announces its partnership with Circle, the global crypto finance company. CoolWallet S users can now store the USDC stablecoin on their secure hardware wallet and swap it out for other digital assets any time, any place.
Coinbase adds its first stablecoin tied to the US Dollar. We have entered a new era of legitimate stablecoins.
Igor Yalovoymedium ·  
Bitcoin finally shows some movement, at a current Blockmodo real-time price of about $6,270 (at the time of writing). Today also saw a talk of institutional crypto interest, stablecoin talk, and the sale of the Bitstamp exchange.
Word is, Bitcoin is the new stablecoin. Indeed it has, and behind this observation are solid metrics and research findings.
Coinbase Pro has launched support for the Circle USDC stablecoin, and added two new security features to make the user experience safer and easier. .