According to the latest report by research firm Diar, four major stablecoins – USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) – have breached the $5Bn mark in on-chain transactions within the three-month period.
Leading cryptocurrency exchange Binance has announced it will list USD Coin (USDC), the stablecoin created by Circle and Coinbase via the CENTRE Consortium.
X8 AG, a Swiss fintech company has received Islamic finance certification for its stablecoin built on the Ethereum blockchain protocol.
The price of the Tether stable coin (USDT) pegged to the US dollar has tanked to an 18-month low on Monday, October 15, pushing the premium of Bitcoin and other cryptocurrencies on Bitfinex and a number of other exchanges.
Cryptocurrency exchange Gemini, which was founded by Cameron and Tyler Winklevoss, has announced the launch of the “Gemini Dollar” (GUSD), a dollar-backed stablecoin built on the Ethereum network according to the ERC20 standard for tokens.
Terra, a project designing a price-stable digital currency that will power the next-generation payment network on the blockchain, has successfully closed its seed funding round with an initial USD $32M.
Quite often, our understanding of a cryptocurrency is limited by what we found out about it in media or on forums.