Coin98 Is Set To Unveil Its New Native Stablecoin CUSD
The move comes as DeFi platforms like Curve and Aave try to make their own stablecoins to attract users and grow. Coin98, a platform for decentralized finance (DeFi), released its own dollar-pegged, decentralized stablecoin on Monday. Its goal is to become a way to move value between different chains. The move comes at a time […]
Binance Set to Gain From Increased Supply of Its Own Stablecoin
The bank said that the automatic conversion of other stablecoins could add $908 million to the amount of binance USD on the market. Trade in crypto Bank of America (BAC) said Thursday in a research report that Binance’s decision to convert all existing balances and future deposits of three stablecoins—USD coin (USDC), trueUSD (TUSD), and […]
DeFi Protocols, Stablecoins To Be Affected By Merger
DappRadar says that switching to proof-of-stake could lower the value of stablecoins and reduce the size of lending pools if the Merger should go through. A new DappRadar report released on Friday says that Ethereum’s upcoming Merger could greatly affect how DeFi protocols work on crypto’s most popular decentralized finance chain. The study focuses on […]
Stablecoin USDN de-pegs amid protocol upgrade
Algorithmic stablecoin USDN is struggling as it deviates from its peg to the US dollar to $0.90 amid the crypto community struggles in the bear market. Wave-backed algorithmic stablecoin Neutrino Dollar (USDN) has strayed from the dollar once more, making this the fourth occasion this year that it has had trouble doing so. At the […]
New Stablecoin Rules Enter UK Crypto Industry
A proposed bill could give U.K. regulators more control over crypto assets like stablecoin that are used for payments, but it’s not clear yet how the rules will be interpreted. Most crypto supporters in the U.K. are happy about a new bill that could include digital assets like stablecoin in the rules that govern local […]