Stablecoin News and Information Today

FUD debunked: USDC and USDT are perfectly safe

Nov 10, 2022

In the last couple of days many misconceptions about stablecoins were discussed in the media. The FUD was juicy and the story was told that Tether (USDT) and Circle (USDC) had exposure to FTX and could face serious consequences. None of this is true and while FTX is imploding, stablecoins are not affected.

Stablecoin growth: Circle integrates EUROC on Solana

Nov 08, 2022

Solana is one of the fastest and most scalable blockchains and has a thriving DeFi ecosystem. Despite several hiccups and complete outages, this ecosystem is growing. It was last weekend during the Solana Breakpoint conference when Circle announced its new plans for Solana.

USDT, USDC and EUROC compared – What do these stablecoins have to offer?

Nov 07, 2022

Stablecoins are a vital part of the broader DeFi economy. Many assets on decentralized exchanges are denominated in “stables”. This is a trend that has set in three years ago. Before that time most crypto assets were either denominated in BTC or ETH. That is not the only reason why stablecoins have become important and serve as a pillar in the crypto economy.

Tectonic shifts in the stablecoin market: USDC slowly slides

Oct 25, 2022

When summer started in earnest this year, the second biggest dollar stablecoin, USDC, started losing market share. It was a trend change from a years-long uptrend versus USDT. People were already preparing for 'the flippening': the moment where USDC would surpass the original stablecoin in market cap. What's going on?

Crypto on a tear in Latin America

Oct 21, 2022

Because we in Europe all have bank accounts and still a somewhat stable currency, we almost forget that there are entire continents where this is not the case. Latin America, for example. Chainalysis research shows that crypto transaction volume increased by 40% between mid-2021 and 2022.

Tether is backing its stablecoins with US treasury bills

Oct 17, 2022

Over the last three years, Tether was and is under constant attack. It promised that each USDT was backed by 1 US-Dollar for a long time. It was only after a trial in New York was concluded that the reality was revealed to investors. As little as 3 % were backed by actual US-Dollars in bank accounts and that raised concern over the question of whether Tether is a systemic risk to the crypto space or not. Another result of the trial is the increased transparency and recently Tether revealed another move of how their stablecoins are backed. Why is Tether moving over to t bills and why is this good news?

The Dollar is getting stronger: How stablecoins are offering opportunities

Oct 10, 2022

Crypto is down and the stock market is not doing well either. At the same time, Euro and the British Pound are losing value against the US-Dollar. This is a troublesome situation since many retail investors lack access to diversify their portfolios properly. How can stablecoins contribute to resolving this situation and what do they have to offer?

Polkadot: Leading stablecoin USDT is starting on its blockchain

Sep 26, 2022

Polkadot is all about Web3 and the interoperability of blockchains. A unique consensus layer called the relay chain that connects several other blockchains called parachains. Each parachain can serve a specific task and provide tailored blockchain solutions to developers as well as users and investors. Polkadot also aims to connect other blockchains that are not part of its native ecosystem. Its vision is to become the central piece in a multi-blockchain world, where dApps are working across several chains. When did USDT become available on Polkadot and why is this mission-critical to what Polkadot is trying to achieve?

Ban on Terra-like stablecoin in US?

Sep 21, 2022

The shock waves from the crash of stablecoin US Terra (UST) are still working their way through. The US House of Representatives is working on a bill proposing a temporary ban on just the kind of stablecoin like Terra.

Binance converts USDC into its own stablecoin

Sep 06, 2022

The world's largest crypto exchange, Binance, announced that it will convert stablecoin USDC into its own stablecoin, BUSD. Users will still be able to deposit and withdraw USDC. While the news seems negative for USDC, experts say it doesn't have to: on the contrary.

MakerDAO loans 100 million DAI to traditional bank

Aug 29, 2022

MakerDAO has officially tied its stablecoin DAI to the traditional financial system: it will lend 100 million to Huntingdon Valley Bank (HVB), a local bank in Philadelphia. It is the first integration between a decentralized financing protocol and a traditional bank.

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