Tag: Stablecoins

A stablecoin is a fiat-backed cryptocurrency that has a value pegged to another stable asset, such as the US dollar.

What is the difference between the main Stablecoins?

What is the difference between the main Stablecoins?

By Julián García. To begin with, it is important to understand what stablecoins are. A stablecoin, such as USDT, USDC or DAI, is a stable cryptocurrency that is equivalent to one US dollar. For this reason they serve to quote the price of the rest of the cryptocurrencies and carry out transactions in the digital world without the need to resort to fiat money. As you might imagine, not all stablecoins are the same, in fact, they all have different advantages. Here is a brief explanation of each one: Tether (USDT)  is a stablecoin issued by a Hong Kong-based company called Tether Limited, which supports its issuance through...

Cryptocurrencies, Stablecoins, USDT

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Tether could introduce new risks into securities markets

Tether could introduce new risks into securities markets

Stablecoins like Tether (USDT), which is already a major participant in the $1.1 trillion commercial paper market, may bring new risks into short-term securities markets, according to Fitch Ratings, a worldwide ratings firm.  The rating agency had already issued a warning in July that stablecoins had the potential to destabilize credit markets in the short term. Tether has recently agreed to pay $41 million in a settlement with the US Commodity Futures Trading Commission for “misleading” investors about the number of its reserves. adding the latest consequence of the Biden administration’s wider assault on cryptocurrency...

Cryptocurrencies, Featured, Stablecoins, USDT

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YouHodler Integrates Fireblocks To Secure Its Crypto Transactions

YouHodler Integrates Fireblocks To Secure Its Crypto Transactions

LAUSANNE, SWITZERLAND Sep 02 2021 (Blockchain Wire)  YouHodler, a fintech platform that helps people access the benefits of the crypto economy, has integrated with Fireblocks, digital asset custody, transfer, and settlement platform. Under the partnership, YouHodler will leverage Fireblocks for crypto transactions management and integrations with a number of protocols, including Polkadot, Tezos, and Cardano.  YouHodler’s solutions open up connections between crypto and the real world, allowing people to use their crypto assets without spending them. With YouHodler, users can buy and sell crypto at any time, use it for...

Cryptocurrencies, Exchanges, Press release, Stablecoins

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Online Blockchain plc Umbria Cross-Chain Narni Bridge is Now Live

Online Blockchain plc: Umbria’s Cross-Chain Narni Bridge is Now Live

– DeFi protocol’s bridge enables quick, easy, and cheap transfer of assets between different blockchains – Umbria Network is pleased to announce that its highly anticipated Narni ‘Insta’ Bridge is in Beta and available to the public. Users of the bridge – bridge.umbria.network – can now transfer $UMBR (Umbria’s governance token) between the Ethereum Mainnet and Matic Mainnet quickly, easily, and cheaply. Imminently the bridge’s functionality will extend to see it compatible with a universe of other assets and integrating with a host of different blockchains.  In addition to asset transfers between...

Blockchain, DeFi, DEX, Ethereum, Polygon, Stablecoins

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Jax.Network onboards Dr. Abdelhakim Senhaji Hafid as a blockchain advisor

Jax.Network onboards Dr. Abdelhakim Senhaji Hafid as a blockchain advisor

Jax.Network is anchored to the BTC blockchain that follows the JaxNet protocol and issues scalable, stable, and decentralized JAX coins. KYIV, UKRAINE Jul 26 2021 (Blockchain Wire)  Jax.Network, a blockchain tech company with its own stablecoin, gets a University of Montreal professor on its team. Dr. Abdelhakim Senhaji Hafid reviews the project’s protocol on a regular basis and provides valuable inputs. “After going through the Jax.Network Academic Paper and discussions with the technical team, I believe their protocol has strong and practical applications that can improve global payments systems. Remarkably, JAX coin...

Blockchain, Cryptocurrencies, Press release, Stablecoins

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Wyre, Polygon Partner to Offer USDC Token to Millions of Customers

Wyre, Polygon Partner to Offer USDC Token to Millions of Customers

SAN FRANCISCO Jul 23 2021 (Budget Asia)  Wyre announces a new partnership with the Polygon blockchain protocol. Via Wyre’s Checkout API, developers around the world can provide Polygon’s USDC token to their customers via the Polygon ecosystem. This integration provides one of the only fiats to USDC on-ramps for customers around the world and in 43 US states, with the conversion process taking less than 30 seconds. This token is also available with both Wyre’s Check and Card Processing API. Polygon is Ethereum’s “internet of blockchains,” with its protocol allowing the building and connecting of various Ethereum-compatible...

DeFi, Polygon, Press release, Stablecoins

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Mark Cuban quiere regulaciones en torno a DeFi después de que su empresa sufre grandes pérdidas

Mark Cuban wants regulations around DeFi after his company suffers big losses

June 18, 2021| DeFi , News After a big drop in price, the millionaire said he had been “hit.” DeFi prompted the lord to draft a formal regulation proposal. After investing in a blockchain startup and suffering losses, he advocates for decentralized financial industry (DeFi) regulation. The investor was “injured” by the unexpected collapse of the $TITAN token, of the DeFi Iron Finance project, which went from worth $ 60 to zero overnight. Despite being only a small proportion of his overall crypto holdings, the $TITAN losses left Cuban looking “like everyone else.” As...

Cryptocurrencies, DeFi, Main, Stablecoins

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Tether Audit and Binance Investigation - What’s the Future of Stablecoins?

Tether Audit and Binance Investigation – What’s the Future of Stablecoins?

Stablecoins like USDT have come under fire in recent weeks, casting a doubt on the entire stablecoin market. SINGAPORE May 24 2021 (Blockchain Wire)  Stablecoins have been an important part of the cryptocurrency industry for a long time. They are built as a way of storing digital currency with a stable value that is pegged to a fiat currency, in this instance: USD. But the actual stability and security of some of the biggest stablecoins have long been a murky area. Especially with the biggest stablecoin around, USDT (Tether). Tether’s recent audit hasn’t stopped the critics USDT recently hit the news...

Press release, Stablecoins, USDT

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Freeliquid Offers Stablecoin Loans Uniswap LP Tokens as Collateral

Freeliquid Offers Stablecoin Loans Uniswap LP Tokens as Collateral

MakerDAO that lets Uniswap liquidity providers borrow up to 90% of their LP tokens’ value in USDFL stablecoins. The zero risks of liquidation for stablecoin pairs and the ability to convert USDFL into Tether (USDT) or USD Coin (USDC) to increase one’s liquidity position on Uniswap make Freeliquid an attractive alternative to Compound and Aave NEW YORK, NY Feb 25 2021 (Blockchain Wire)  The issue of using Uniswap LP tokens more efficiently has been on DeFi investors’ radar for a long time. The standard method is yield farming — depositing LPs in a smart contract to earn tokens. However, it has discredited itself after too...

Blockchain, Press release, Stablecoins, Uniswap

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Miguel Schweizer - Cryptopress interview

Interview with Miguel Schweizer, from Quantia Capital

Quantia Capital is a digital asset management company that provides investment solutions for retail and institutional investors, currently holding more than $ 320 million. We were recently able to ask Miguel Schweizer, who serves as the company’s chief risk officer, some questions. Here are the most outstanding answers from the interview: – Migue, how did you get to the crypto world? A: The first time I read the word Bitcoin was in 2012 and I did not give it a second thought. Bookmarked the article to read later and let it hang out for a while.Then in 2013 I came across Bitcoin again in a Wired article and found it...

Stablecoins, Staking

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