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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.

husd

Huobi linked Stablecoin de-pegs to $0.85

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At Thursday’s market end, the price of HUSD was $0.92, down 8%. The current price on decentralized exchanges vs USDC, USDT, and DAI was $0.85. Currently, the warning from Curve Finance reads, “The exchange rate is absurdly low!” Stable Universal is actually the issuer of HUSD. The firm was sponsored by Huobi Capital, but in April of this year, Huobi divested its stakes. However, the exchange claimed in a public tweet that...

Cryptocurrencies, Front page, Huobi, Stablecoins

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Shiba Inu will launch a new network and stablecoin called SHI

Shiba Inu will launch a new network and stablecoin called SHI

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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

Argentines rush to buy stablecoins after economy minister’s resignation

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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

MoneyGram officially launches its new USDC remittance service

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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

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

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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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