Celo Blockchain Adds Support for Tether Stablecoin USDT
Tether continues to expand its USDT stablecoin across various blockchain networks, entering a strategic collaboration with the Celo network to facilitate feasible microtransactions. Tether USDT on Celo, a layer-1 network compatible with Ethereum Virtual Machines (EVM) and optimized for quick and inexpensive payments. Announcing the news to Cointelegraph on March 11, Tether noted that the […]
Conflux Network Introduces AxHKD, Hong Kong Dollar-Backed Stablecoin
Conflux Network, a Chinese public blockchain, has revealed that the AxHKD stablecoin, which is backed by the Hong Kong dollar, is currently being tested. The AxHKD stablecoin’s beta testing has been successfully started, according to a March 8 post by Conflux on X. The local financial startup AnchorX is developing AxHKD, which will shortly be […]
Tether’s USDT Stablecoin Reaches $100B Market Cap
Tether’s stablecoin, USDT, has surpassed $100 billion in market capitalization. This milestone further widens the disparity between Tether USDT and USD Coin, its nearest competitor. CoinGecko data indicates that USDT’s market capitalization fluctuates based on the current price and supply in circulation; on March 4, the cryptocurrency briefly surpassed $100 billion. Compared to its nearest […]
Ethena Launches USDe Stablecoin Mainnet with Shard Campaign
Ethena launches USDe stablecoin on the mainnet alongside a ground-breaking Shard Campaign, promoting community engagement and ecosystem growth. In conjunction with an unprecedented Shard Campaign, Ethena has declared the USDe stablecoin’s debut on the public mainnet. The objective of this campaign is to motivate users to engage in the ecosystem through the provision of rewards […]
New Zealand Central Bank Governor’s View on Stablecoin Stability
According to a New Zealand central banker, the stability of stablecoins is dependent on the issuer’s financial health and balance sheet. New Zealand central bank governor Adrian Orr has expressed grave concerns regarding digital assets, stablecoins in particular. He stated that fiat-pegged stablecoins could never serve as an equivalent to physical fiat currency. Misconceptions About Stablecoin […]