Binance to Compensate Traders Post AEUR Stablecoin Surge
AEUR, a stablecoin pegged to the Euro, experienced an unanticipated surge in value. Binance has stepped forward to compensate traders who acquired AEUR. The AEUR stablecoin, which generally mirrors the value of the Euro, peaked at $3.25, a significant increase of 200 percent from its anticipated value of approximately $1.07. This surge transpired with the […]
Tokenized Treasury-backed USDV Stablecoin Debuts
A new stablecoin named USDV was introduced with the goal of bringing stability and transparency. An announcement made available states that USDV is backed by short-term government bills that have been turned into digital tokens via blockchain technology and is correlated with the value of the US dollar. Matrixport, a Bitcoin financial services provider, is […]
Circle Backs Binance, Says SEC Can’t Regulate Stablecoins
Circle, the issuer of the USDC stablecoin, has filed an amicus curiae brief in support of Binance, the world’s largest crypto exchange, in its ongoing lawsuit with the SEC. Circle argues that stablecoins are not securities and should not be regulated as such by the SEC. An amicus curiae brief can provide additional information, arguments, […]
Tether Stablecoin Sees Increase in Secured Loans
Tether, the largest stablecoin issuer in the cryptocurrency market, has seen an increase in its stablecoin lending, or secured loans, in 2023, despite its plans to cut it down to zero by 2024 According to Tether’s most recent quarterly report, its assets included $5.5 billion in loans as of June 30, up from $5.3 billion […]
Opera Launches MiniPay Stablecoin Wallet For African Users
Opera has launched a new in-browser, non-custodial stablecoin wallet that runs on the Celo blockchain and will be available to its African user base for P2P stablecoin transactions. The web platform Opera revealed its intention to integrate a wallet for non-custodial stablecoins into its mobile web browser, which will be available to its African user […]