Stablecoins


Tech

High Ethereum Fees Push Tether to Its Eighth Blockchain, OMG Network

Tether’s USDT is now live on scaling blockchain OMG Network in a bid to decrease pressure on its parent blockchain, Ethereum.

(Molly Statt/Unsplash)

Markets

First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins

So-called stablecoins like tether and USDC are $1 tokens in theory, but a complex arbitrage transaction seems to have netted one trader an 89% profit in just minutes.

Schematic of Aug. 10 stablecoin arbitrage trade using DeFi.  (Etherscan, CoinDesk)

Finance

Unpacking the Avit, Avanti Bank's New Digital Asset Being Built With Blockstream

Avanti says the Avit will not encounter the legal, accounting or tax hurdles of stablecoins, but it’s not yet clear where the asset will fit under U.S. law.

Blockstream CEO Adam Back

Markets

First Mover: After Falling 65% This Year in Bitcoin Terms, Do 'Stablecoins' Need a Rebranding?

So-called stablecoins have been tanking in bitcoin terms lately. Should we be calling them "crypto-dollars" instead?

Not so stable? (yanik88/Shutterstock)

Markets

BCB Group Teams With Circle to Offer EU Institutions USDC Stablecoin Settlement

BCB Group will integrate with Circle's platform in a bid to make the USDC stablecoin more widely available.

Jeremy Allaire, Circle (CoinDesk archives)

Markets

Binance Says Licensed Entities Can Now Use Its Stablecoin After Watchdog Approval

NYDFS has added Binance USD to its approved list, cutting away most of the red tape around custody and listing of the stablecoin.

(Shutterstock)

Tech

Russia's Sberbank Launches Blockchain on Hyperledger, Mulls Stablecoin in 2021

Russia's largest retail bank is launching a Hyperledger-powered blockchain for trade finance initially, and may add a ruble-linked stablecoin next year

Sberbank

Finance

Circle Gets $25M From DCG to Drive USDC Mainstream

USDC backer Circle is teaming with Genesis Trading in a $25 million deal aimed at pushing the stablecoin to the fintech masses.

Circle founder and CEO Jeremy Allaire

Finance

Proof-of-Stake Chains Team Up to Prove DeFi Is Bigger Than Ethereum

Terra is joining forces with Cosmos, Web3 Foundation and Solana to roll out a DeFi product meant for a wider consumer audience. Meet Anchor.

Daniel Shin y Do Kwon, cofundadores de Terra. (Terraform Labs)

Finance

Australian Payment Card Company to Trial Micropayments Using Hedera Hashgraph

Eftpos Australia is using Hedera Hashgraph to trial a micropayments system that could rival traditional online methods.

Sydney (Jamie Davies/Unsplash)