stablecoin News and Articles


China

China considers the launch of stablecoin for East Asia

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China offers another crypto project aimed against the leadership of the US dollar in international payments. Chinese leaders intend to create a cryptocurrency for East Asia to reduce dependence on the US dollar and strengthen trade ties in the region. According to Nikkei Asia, ten members of the...

Tether

Tether's market cap approaches $10 billion

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The capitalization of the most comprehensive stablecoin Tether (USDT) is gradually approaching $ 10 billion. Now, this figure is just over $ 9.2 billion. Paolo Arduino, CTO of the development company, recently said that his team has minted $ 5 billion worth of coins over the past six months. At the...

David Shwartz Ripple

Ripple announced stablecoins could be created on XRP ledger

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Ripple is creating a new component designed to provide the ability to create asset-backed tokens on top of the XRP registry. That was told by the technical director of the company David Schwartz. According to him, Ripple seeks to expand the capabilities of the network, including providing third...

Tether's gold-backed stablecoin

Tether launches a new gold-backed stablecoin

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Tether proclaimed the launch of a new stablecoin backed from gold, which, as the company mentioned: "grants the right to own about 31 gram of pure material gold in certain gold bullion." A stablecoin with the XAU₮ will be released on the Ethereum and TRON blockchains. Gold, which is...

Tether stablecoin

Backers of Tether sued over the market manipulation

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A class-action complaint accuses the corporations behind the Tether stablecoin of “propping and popping the largest bubble in history,” which led to a disappearance of $256 billion in crypto wealth. The complaint accuses the issuer of Tether of manipulating Bitcoin prices. The suing process...

JPMorgan worries that cryptos like Libra may face ‘Gridlock’

JPMorgan worries that cryptos like Libra may face ‘Gridlock’

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As to JPMorgan Chase & Co. stablecoins which are built to bypass the massive changes of BTC and ETH, could break functioning normally in pressure periods. Joshua Younger said leaning on his analysis that the cumulative cost of all existing stablecoins is not surpassing $5 billion, the...

JPMorgan will test its own stablecoin along with corporate clients

JPMorgan will test its own stablecoin along with corporate clients

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JPMorgan, a large American financial holding, will start testing its stablecoin among corporate clients. It is reported by Bloomberg Japan. According to the publication, the head of blockchain-development of JPMorgan Umar Farooq said that customers will take part in testing technology aimed at...

Binance is going to become a competitor for Tether

Binance is going to become a competitor for Tether

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It’s going to be a hot competition! The worlds greatest exchange of cryptocurrencies declared about its plans of designing a stablecoin. Information’s source is Wei Zhou, who is the Head Officer of Finances in Binance. We know that there’re over 60 stablecoins in the crypto industry who tried...

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