Stablecoin FUD debunked by Tether CTO as short-sellers circle
Tether CTO accused hedge funds of aiding the spread of FUD; fear, uncertainty, and doubt in order to buy the tokens at a much lower price. According to Paolo Ardoino, certain hedge funds are allegedly putting “billions” of dollars under pressure to “damage Tether liquidity” in order to later repurchase tokens at a much reduced […]
Circle launches stablecoin backed by Euro dubbed EUROC
As the demand for stablecoins continues to rise, Circle is releasing a fully-reserved stablecoin tied to the Euro, known as EUROC. Circle announced in a statement shared with Cointelegraph on Thursday that Euro Coin, or EUROC, will be accessible for trading on June 30. Euro Coin, like USDC, is a regulated stablecoin backed entirely by […]
TRON DAO Reserves Buy $38 Million Worth Of TRX To Safeguard The Stablecoin USDD
The purchase of TRX by TRON DAO is to back the algorithmic stablecoin, to leverage a forex reserve that is similar to Terra’s UST reserve. Terra’s UST reserve system is gaining popularity, and Tron’s stablecoin project is following suit. Tron’s algorithmic stablecoin project was reported on by Coinscreed, and the fiat-pegged crypto asset has since […]
Terra’s UST Topples BUSD To Become Third-Largest Stablecoin
Although the UST market cap has increased to flip BUSD, its trading volumes are still only about one-fifth the value of the Binance digital dollar. Terra USD (UST), the algorithmic stablecoin on the Terra (LUNA) blockchain, has surpassed Binance USD (BUSD) to become the market’s third-largest stablecoin. UST is a stablecoin pegged to the US […]
A$DC Pegs With Australian Dollar As ANZ Bank Mints First AUD Stablecoin
The vast majority of the industry in Australia makes use of non-bank, frequently unregulated USD stablecoins, but the narrative has now changed that the Big 4 banks have released an AUD stablecoin. Banks from the Big Four ANZ have become the first Australian bank to issue an “A$DC” stablecoin tied to the Australian dollar (AUD). […]