Crypto: imminent shutdown of a stablecoin similar to TerraUSD

Crypto imminent shutdown of a stablecoin similar to TerraUSD

The nightmare of TerraUSD (UST) is not about to be forgotten by its former investors, who lost over 30 billion dollar equivalents last May. The Luna Foundation stablecoin, created by Do Kwon (now wanted by Interpol) is certainly the biggest crash in the cryptocurrency world to date and has left its mark. For other crypto … Read more

The stablecoin Tether (USDT) will be available in 24,000 ATMs in Brazil – Bitcoin Crypto Advice

The stablecoin Tether USDT will be available in 24000 ATMs

In a world in economic slump where many national currencies lose their value, more and more people want to take refuge in stablecoins of the Tether type (USDT) or Binance USD (BUSD). Leader of the stablecoin market, the giant Tether has just announced that its token USDT will be available in 24,000 vending machines in … Read more

MiCA caps non-euro stablecoin transactions

MiCA caps non euro stablecoin transactions

Sat 01 Oct 2022 ▪ 6:00 p.m. ▪ 4 min read – by Cédrick Aimé GUELANG OFALABEN The adoption of the regulatory framework for cryptographic asset markets (MiCA) is still pending, but there are already some hiccups. The standard supposed to establish fairly clear crypto rules in the European Union (EU) has just reinstated a … Read more

Stablecoin Markets Shift as Binance Begins USDC Conversions

Stablecoin Markets Shift as Binance Begins USDC Conversions

Binance conversions from Circle’s USDC, Paxos’ Pax Dollar, and TrueUSD to the exchange’s own stablecoin, Binance USD, have begun. And the effects on stablecoin market are already being felt. Since Binance announced that it would stop supporting competing stablecoins on its exchange, the world’s largest by volume, USDC Binance releases– that is, the number of … Read more

What to know about the launch of GBPT, Tether’s stablecoin?

What to know about the launch of GBPT Tethers stablecoin

The company Tether has announced that it will launch a stablecoin or stable currency converted to British Pounds (GBPT) in July 2022. This new coin will join the currencies: ….all converted to US Dollar, Euro, Offshore Chinese Yuan and Mexican Peso. While concerns over stablecoins after the Terra USD collapse are high, Tether continues to … Read more

EU stablecoin ban would lead to ‘extreme volatility’, lobbyists warn

EU stablecoin ban would lead to extreme volatility lobbyists warn

Blockchain for Europe and the Digital Euro Association said the move could lead to a “extreme short-term volatility” and “significant leakage of crypto activities outside of the EU.“ Lobbyists are sounding the alarm over EU cryptocurrency legislation. Cryptocurrency industry lobbyists have warned that the proposed European Union regulation on cryptocurrency markets could spell disaster for … Read more

Crypto: Terra Creator Admits Wrongs After Stablecoin Collapses

Lost money from mining 45 million crypto wallets Heres what

After the collapse of the stablecoin, the creator of Terra admits his wrongs. It will have caused investors to lose $40 billion, and more than $500 billion in the cryptocurrency market. Do Kwon, 31, co-founder of TerraUSD, admitted he was “wrong” after a “brutal” collapse of his stablecoin. “I think the best way to heal … Read more

Huobi’s HUSD stablecoin temporarily loses parity and casts doubt on the crypto sphere – BeinCrypto

Huobis HUSD stablecoin temporarily loses parity and casts doubt on

The HUSD stablecoin gave Huobi some cold sweats after falling sharply during the day yesterday, Thursday August 18th. However, the phenomenon would not be innocent for the trading platform. A fall that can reveal some problems at the exchange Stablecoins have come under enormous scrutiny since the fall of USTerra, the first token to fail … Read more

MakerDAO: DAI stablecoin soon to be more exposed to USDC?

MakerDAO DAI stablecoin soon to be more exposed to USDC

The MakerDAO co-founder wants to replace the USDC reserve that underpins the stablecoin DAI by ether (ETH). A proposal that is not to everyone’s taste, starting with Vitalik Buterin, the founder of Ethereum. MakerDAO’s DAI: More exposure to USDC? Rune Christensen, the co-founder of MakerDAO, wants to remove the $3.5 billion in USDC reserves that … Read more

The European Union plans to ban exchanges from charging interest on stablecoin deposits. – Latest News

According to the Patrick Hansenthe European Union is preparing to ban interest payments on stablecoin deposits. Discussions will continue until June 30. The EU is then expected to announce its final decision at a meeting of representatives of the European Parliament, the European Commission and the Council of the European Union. Prohibit interest payments on … Read more