Tag: Stablecoins

Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty

Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating......

Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves

Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCBs subsidiary, New York Community Bank, will become a custodian for the companys stablecoin reserves. Circle Partners......

While Bitcoin and Ethereum Dominance Slides, Stablecoin Market Caps Reap the Rewards

During the past 30 days, $285 billion has left the crypto economy and bitcoins USD value hit a 2022 low at $17,593 per unit on June 18. Dessutom, last months statistics show bitcoins market dominance was 2.9% higher and ethereums market......

Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments

Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to 11% annually on their USDC and USDT funds, with the......

Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation

Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. i alla fall, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since......

Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins

The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated......

Governor of Bank of Spain: Crypto Markets Are ‘Bigger Than Subprime Mortgages Before the Financial Market Crisis’

Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while the market is still relatively small at a worldwide level, the......

Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

On May 5, Trons algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to......

USA:s senats bankchef kritiserar Super Bowl Crypto-annonser, Påstår att "stora kryptoföretag är desperata"

The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesdays stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and......

Stablecoin-ekonomin fortsätter att svälla när USDC:s börsvärde korsar $50 Miljard

As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw......