Stablecoin News and Information Today

Very British: Tether is launching GBPT in July

Jun 22, 2022

The UK Treasury has declared this year that Britain is going to become the biggest crypto hub in the world located next to the EU. While regulators and lawmakers are constantly working on a framework that is providing the needed security for both consumers as well as for businesses, Tether, the world’s largest issuer of stablecoins announced the release of another product. What is GBPT, why is it important and why is Tether releasing more new stablecoins all of a sudden?

A Euro stablecoin - Circle is launching EUROC in June

Jun 17, 2022

Stablecoins have suffered a lot since TerraUSD crashed. But that is not necessarily justified since not all stablecoin solutions that are available on the market are based on algorithms. In fact, the most dominant stables available are backed either by cash or by dollar-denominated assets. It was yesterday when Circle announced the start of a brand new stablecoin that may play an important role, especially in Europe. What is EUROC and why is this stablecoin so interesting if you are living in the EU?

Tether (USDT) launches on the Tezos blockchain

Jun 13, 2022

Tezos has been flying under the radar for quite some time. Despite the fact that the media became silent about this particular blockchain technology, there is a lot of development going on that is pointing toward a bright future for Tezos and its native cryptocurrency XTZ. NFT marketplaces and a whole DeFi ecosystem have emerged throughout the year 2021. Let’s recap all the positive development that has happened and take a look at why USDT is an important addition to the Tezos ecosystem.

Vitalik does not give up hope for algorithmic stablecoins

May 30, 2022

The crash of stablecoin US Terra has not discouraged Vitalik Buterin, the founder of Ethereum: he does not rule out that algorithmic stablecoins can work. According to him, a key feature of such a stablecoin should be that it remains stable even in the face of falling popularity.

USDC more popular after UST crash

May 18, 2022

After the fall of UST on May 9, a shock wave went through the world of stablecoins. This led to a shift in the market value of the largest stablecoins. USDC gained market share, while USDT had to give up a similar percentage. What's at play here?

United Kingdom wants to regulate stablecoins

May 16, 2022

According to a spokesperson for the UK Treasury, a new law will include a regulatory framework on stablecoins. It's yet another sign that the UK wants to embrace crypto instead of pushing it away.

Yellen: crypto is not (yet) a risk to the financial system

May 13, 2022

In a session in the US Congress, Secretary of the Treasury Janet Yellen stated that she does not see crypto as a systemic risk to the stability of the financial system. She did mention the fall of UST as an example of a risk within crypto.

How the crash of UST went down - can algo stablecoins survive this?

May 11, 2022

More is becoming clear about the circumstances that led to the crash of stablecoin UST last Sunday and Monday. There is much speculation about the impact of the UST crash on the stablecoin market. Is this the end of algorithmic stablecoins?

Stablecoin UST not so stable anymore

May 10, 2022

It just had to play out sooner or later: the moment that stablecoin US Terra (UST) would face a stress test. It happened during the current price drop of the crypto markets. At its low point, UST was worth only about 65 cents. At this writing, the price is about 90 cents.

Tron had a strong week despite harsh market conditions, here is why

May 09, 2022

Last week had been particularly hard for tech stocks and crypto alike. The Nasdaq 100 took a hit and bears were rejoicing when they looked at the Bitcoin chart. However, not all crypto assets went down last week. Admittedly there were only a few exceptions but those that presented themselves have proven to be profitable for investors. One of them was Tron. Why took TRX off last week instead of dumping along with the rest of the market?

Luna Foundation Guard adds another 37,863 Bitcoin to its reserve

May 06, 2022

There are only two entities that keep on buying Bitcoin no matter what the price or the market conditions. The first one is MicroStrategy and the second one is the Luna Foundation Guard. The organization ensures that TerraUSD (UST) has additional collateral as a backup in case UST should face hard times. How much BTC did the LFG buy this time and what were the conditions of the latest Bitcoin deal that the foundation has struck?

1 2 3 4 5

Trade anytime, anywhere

Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app.