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stablecoin

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13 Jun 23

Circle CEO urges Congress to lead stablecoin regulation

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Circle CEO Jeremy Allaire is set to testify before the US House Financial Services Committee today, urging lawmakers to prioritize the primacy of the US dollar and pass essential stablecoin legislation. In a June 12 blog post, Allaire unveiled his prepared […]

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13 Jun 23

Novatti Group launches its AUDD stablecoin on XRP Ledger

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Novatti Group Limited, a leading Australian payments fintech company, has announced the expansion of its Australian dollar-backed stablecoin, AUDD, to the XRP Ledger. As outlined in a June 13 release, this move marks the integration of AUDD with the XRP Ledger […]

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10 Jun 23

TrueUSD pauses minting of TUSD via Prime Trust, stablecoin briefly depegs

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied TrueUSD (TUSD) has halted the minting of TUSD stablecoin tokens via fintech infrastructure provider, Prime Trust, causing a brief depegging. TrueUSD pauses minting of TUSD on Prime Trust In a June 10 post on its verified Twitter account, TrueUSD informed its […]

TradeCurve20

09 Jun 23

Tether dominating stablecoin market, this new hybrid exchange aims to take over the trading world

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In Q2 2023, the crypto market was turbulent, mostly in a downtrend before consolidating, impacting various assets. This market-wide trend has created opportunities for certain currencies to carve out a bigger market share and assert dominance. Notably, Tether, a stablecoin tracking […]

Stablecoin03

04 Jun 23

Stablecoin risks and how to overcome them| Opinion

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Given the rise in interest towards central bank digital currencies, their usage will continue to increase. This is despite the recent turmoil about the recent depegging of USDC or, much worse, the […]

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02 Jun 23

Noble and Celestia partner to introduce native Cosmos stablecoin

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Noble and Celestia have announced their partnership to bring native stablecoin utility, notably Circle’s USDC, into the Cosmos ecosystem, a development expected to enhance liquidity and reduce volatility risks. In the DeFi landscape, the role of stablecoins as facilitators of liquidity […]

Hong Kong01

01 Jun 23

First Digital unveils Hong Kong-based USD stablecoin

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Hong Kong-based trust company First Digital is set to introduce a new stablecoin, “First Digital USD” (FDUSD), which will be pegged to the US dollar and regulated in Asia. In a June 1 release, First Digital announced that the stablecoin would […]

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01 Jun 23

CNHC stablecoin issuer reportedly detained in China

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Trust Reserve team, responsible for the CNHC stablecoin pegged to the offshore yuan, has been allegedly detained by the Chinese police. PANews, a local Asian outlet, exclusively obtained this information. It revealed that the team was reportedly detained by the […]

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25 May 23

Stably USD stablecoin enters bitcoin’s on-chain economy

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied To facilitate efficient trading within bitcoin’s (BTC) evolving on-chain economy, crypto startup Stably has introduced Stably USD, a new dollar-backed stablecoin. In a significant development for bitcoin‘s rapidly developing on-chain economy, a new dollar-backed stablecoin named Stably USD has been launched. […]

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19 May 23

Ripple launches CBDC and stablecoin issuance platform

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple, a leading crypto solutions company, has introduced the Ripple CBDC Platform, a comprehensive solution for central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs) and manage the lifecycle of fiat currencies. Barely 24 hours […]

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