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Tag: Stablecoins

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

Shiba Inu will launch a new network and stablecoin called SHI

The Shiba Inu (SHIB) team aims to build a new network and considers launching a stablecoin to improve the project.This was announced by one of the project’s main developers, aka Shytoshi Kusama, who shared on Shiba Inu’s Medium account part of the plans they are contemplating carrying out in the medium term, reaffirming their commitment to the project and giving continuity to the ideals of Ryoshi, the main developer who disappeared...

$SHIB, Blockchain, Cryptocurrencies, Front page, News, Stablecoins

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Argentines rush to buy stablecoins after economy minister’s resignation

Stablecoins rose in value over the weekend as a result of the peso’s steep decline in Argentina.The peso fell roughly 15% versus stablecoins DAI and Tether on many major local markets after Guzman’s departure. Over the weekend, the value of both stablecoins jumped from 245 pesos to 280 pesos.Consumers purchased up to three times as many stablecoins as normal over the weekend, according to major cryptocurrency exchanges, as...

Argentina, Cryptocurrencies, Exchanges, Front page, Inflation, News, Stablecoins

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MoneyGram officially launches its new USDC remittance service

MoneyGram, a global remittance firm, announced last Saturday 11th the introduction of its new payment channel connected to the USD Coin (USDC) stablecoin, which is already operational in Canada, the United States, Kenya, and the Philippines.MoneyGram’s remittance service runs on the Stellar network and takes advantage of the USDC stablecoin’s features. Users may make transfers, and receivers can withdraw funds from approved branches.It's...

$USDC, Cryptocurrencies, Fintech, Front page, News, Stablecoins

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Binance to list LUNA Terra after the upgrade, but with a trick

After a successful airdrop last week, Binance, the world’s biggest cryptocurrency exchange, announced that it would list the LUNA coin. However, Binance’s “innovation zone,” a trading platform for new, high-risk tokens, will offer the token.Binance, the world’s largest cryptocurrency exchange by trading volume, will list LUNA (LUNA) after the upgrade. The exchange plans to include LUNA in its upcoming Binance Chain...

$LUNA, $UST, Binance, Cryptocurrencies, Exchanges, Front page, News, Stablecoins

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Terra 2.0 Launches May 28, 1.3 Billion UST to be Burn

Terra 2.0, the new version of Terra, will launch tomorrow, Saturday, May 28. The community voted to move forward with a proposal that will destroy more than 1 billion UST, in an attempt to rebind the stablecoin. Meanwhile, Terra 2.0 is expected to launch tomorrow, Saturday.Terra’s planned revival that will see the birth of a new version of the now beleaguered blockchain has been delayed by a day due to undisclosed reasons. This was reported...

$LUNA, $UST, Exchanges, Front page, News, Stablecoins, Staking

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UST Update: Sustaining $1 Parity Amidst Macro Turmoil

$UST token, Terra ecosystem stablecoin, has struggled to maintain parity with the dollar.The UST market has been volatile today, as traders scramble to adjust their portfolios in the face of macroeconomic uncertainty. The price of UST hit a low of $0.9857 on Binance against USDT, before recovering slightly to $0.995 at the time of writing. This trading pair is the most voluminous for UST, with $1.36 billion in volume reported in the past 24...

$LUNA, $UST, Cryptocurrencies, Front page, Main, News, Stablecoins

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Buenos Aires Bank to Offer Cryptocurrency Trading

Banco Galicia, Argentina’s largest private bank, has begun offering customers the ability to purchase four different cryptocurrencies—Bitcoin, Ethereum, USD Coin, and XRP.Screenshots of the buying options were posted on Twitter earlier today by bank customers, and Banco Galicia later confirmed in an emailed statement that it had added those services.XRP, the sixth-largest digital asset by market cap, is a cryptocurrency used to help...

Coinbase, Crypto adoption, Cryptocurrencies, Front page, News, Stablecoins

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5 Cardano Projects You Need to Check Out

Cardano is one of the cryptocurrencies that are making waves in the market today.Many people are investing heavily in cryptocurrencies as they see potential in this technology. Cardano has a market cap of $2.8 billion, which makes it one of the top 10 most valuable cryptocurrencies.Cardano is a third-generation blockchain and smart contract platform that utilizes the Proof of Stake protocol. It was created by Charles Hoskinson, co-founder...

$ADA, Cardano, DEX, Featured, Stablecoins

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Tron’s answer to Tether

USDD is a new algorithmic stablecoin issued on the Tron blockchain.In a recent turn of events, USDD stablecoin has been launched on the Tron blockchain. The stablecoin is designed to fight against inflation as a store of value.USDD is said to be “Tron’s answer to Tether”. It is pegged 1:1 to the US Dollar and can be used for transactions on Tron and DApps. It was built using Tron Virtual Machine and runs on Tron Network....

$USDD, Cryptocurrencies, Front page, News, Stablecoins, Tron

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TRON Founder H.E. Justin Sun Announces the Launch of USDD — A Decentralized Stablecoin

Geneva, Switzerland / April 21 / – H.E. Justin Sun, Founder of TRON, announced today in an open letter on Twitter that an all-new stablecoin is launching on the TRON blockchain, USDD (or Decentralized USD), marking its official entry into the field of decentralized stablecoin. TRON DAO will partner with other blockchain industry leaders to establish USDD. It will leverage the power of mathematics and algorithms to achieve the overarching...

$USDD, Cryptocurrencies, News, Press release, Stablecoins, Tron

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