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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Crypto News
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.
Crypto News
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.
Crypto News
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.
Crypto News
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,.
Crypto News
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.
Crypto News
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.
Crypto News
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.
Crypto News
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.
Crypto News
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.