Wemade says, any stablecoin needs a 100% reserve to function
Henry Chang, CEO of South Korean blockchain game developer Wemade Co. Ltd., said at the Blockchain Week in Busan (BWB2022) event on Thursday.
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In seven days, the USDC average trading volume increased to an all-time high
According to the cryptocurrency statistics dashboard Glassnode, the amount of stablecoin USD Coin (USDC) supply held by the top 1% of addresses fell.
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MIM joins the list of tokens losing their value of $ 1
Autism Capital alleged that Abracadabra racked up $12 million in bad debt as a direct result of Terra’s abrupt failure, although CEO Daniele.
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EU Agreement on crypto Adoption
The European Union is apparently close to striking a regulatory framework agreement in the Markets in Crypto-Assets (MiCA) initiative. This framework refers to.
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Tether’s USDT stablecoin is now available on Polygon.
Tether has expanded its reach in the crypto sector by launching its USDT stablecoin on Polygon (previously Matic Network). After Ethereum, Solana, Avalanche,.
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Coinbase Users Sued The Exchange Over Promoting Defunct Stablecoin
Customers of Coinbase have sued the exchange for promoting and trading GYEN, a defunct stablecoin. The lawsuit targets both Coinbase and the issuer.
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Hester Peirce of the SEC says new stablecoin regulations must allow for failure
Commissioner Hester Peirce, dubbed the “crypto mom” by the Securities and Exchange Commission (SEC), has endorsed a regulatory framework for stablecoins that allows.
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Do Kwon, CEO of Terraform Labs, reveals a plan to reinstate the UST peg
Do Kwon, CEO of Terraform Labs, has laid out his strategy for helping the stablecoin TerraUSD (UST) reclaim its dollar peg. He stated.
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Terra (LUNA) is down 60% as the UST “Stablecoin” falls below $0.7.
Terra’s LUNA fell as low as $23.50 early today on the Binance platform before reclaiming some ground. Around the time of writing, the.
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Founder Justin Sun says TRON will launch a $10 billion crypto-backed stablecoin in May
According to inventor Justin Sun, TRON wants to introduce its own algorithmic stablecoin named USDD, or decentralized USD, on May 5. The 31-year-old.
