Stablecoins

Gold

Tether Says Its Newest Stablecoin Is Backed by Gold in Swiss Vault

Tether is issuing a new stablecoin as ERC-20 and TRC20 tokens, backing their price with one ounce of gold.

News  ·  23 January 2020
Stablecoins

Vodafone Is the Latest Big Company to Quit Facebook-Founded Libra Association

Telecom giant Vodafone has left the Libra Association, the eighth company to pull out of the Facebook-led digital currency project since the fall.

News  ·  21 January 2020
Paxos

Paxos Launches Automatic Conversions Between Bank Deposits and Stablecoins

Paxos is enabling a new auto-transfer feature to streamline the conversion of funds between bank accounts and stablecoin deposits.

News  ·  21 January 2020
CBDCs

The Prospect of Building a New International Monetary System Is Getting Real

When world leaders gather in Davos next week, they'll confront an essential question, says Circle's Jeremy Allaire: Can they seize blockchain's ability to create value for people around the world?

Policy & regulation  ·  17 January 2020
Stablecoins

Voyager to Offer Interest on Three Newly Listed Stablecoins

Voyager Digital will allow customers to earn interest on tether, USD coin and true USD.

Markets  ·  15 January 2020
MakerDAO

WisdomTree Mulls New Stablecoin as US Money Manager Drives Toward Crypto

WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.

Markets  ·  14 January 2020
Australia

Australians Won’t Use Libra, Believes Central Bank

Reserve Bank of Australia officials are not yet convinced cryptocurrencies offer benefits over and above traditional means of payment.

Policy & regulation  ·  9 January 2020
Trading

Crypto Trading Privacy Gets a Boost as $15M of Tether Moves to Liquid Sidechain

Innocuous at first glance, the transfer of $15 million worth of USDT from ethereum to Liquid has big implications for the tether market and digital asset trading more broadly.

Tech  ·  8 January 2020
Binance

Kraken Lists USDC the Day After Binance Drops It for Some Pairs

Kraken, which considers USDC the world's fastest-growing stablecoin, adds it a day after Binance removed certain trading pairs for the stablecoin.

Markets  ·  8 January 2020
Stablecoins

Equilibrium’s Stablecoin Now Has $17.5M in Insurance That Pays Out Automatically

Equilibrium will hold 6.5 million EOS tokens in reserve as an insurance policy for users should its stablecoin lose its peg.

Markets  ·  12 December 2019
MakerDAO

DeFi Startup Compound Finance Raises $25 Million Series A Led by A16z

It's one of the largest venture capital investments in a decentralized finance (DeFi) startup to date.

Business  ·  14 November 2019
Stablecoins

Three Fronts in the Global Digital Currency Wars

There are now several competing approaches to building a new financial system, writes Circle CEO Jeremy Allaire. Which will governments embrace?

Markets  ·  13 November 2019
Exchanges

Binance Exchange Is First Client for Paxos’ New Dollar Gateway

The regulated firm is opening up its stablecoin-to-USD swaps facility to third parties, starting with Binance.

Markets  ·  12 November 2019
Tether

Tether Says Its Stablecoin Is ‘Fully Backed’ Again

Tether says its USDT stablecoin is "fully backed by reserves," after reporting in April its token was only 74% backed.

Markets  ·  8 November 2019
Stablecoins

European Union to Regulate Stablecoins, Not Issue Its Own: Source

Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra.

Markets  ·  6 November 2019