LUNC Could Rally as USTC Re-Peg Proposal Passes Governance Voting on Terra Classic Blockchain
LUNC, the native crypto token of the Terra Classic blockchain, could rally as the USTC re-peg proposal passes governance voting. A prominent community member submitted the proposal in a bid to re-peg TerraClassicUSD (USTC) to the dollar, suggesting two approaches including an algorithm peg divergence fee protocol and a LUNC buyback mechanism.
Terra Classic Hopefuls Mull Revival of Failed UST Stablecoin
Terra Classic community members are mulling a revival of the ecosystem’s failed terraUSD classic (USTC) nearly a year after Terra’s spectacular implosion.
Total Stablecoin Market Capitalization Declines for 13th Consecutive Month
According to CCData’s latest Stablecoins & CBDCs report, USDT’s market capitalization has risen 2.03% in April to $81.5 billion, near its $83.7 billion all-time high seen in May of last year.
Crypto Morning Briefing: UK Treasury Opens Tax Policy Consultation on DeFi Staking and Lending
Robinhood Introduces Robinhood Connect To Enhance DeFi Accessibility; Circle Policy Head Shares Key Predictions on Potential Digital Euro; Shiba Inu Whales Unload Billions Amid SHIB Price Retreat
Circle Policy Head Shares Key Predictions on Potential Digital Euro
Patrick Hansen, the Director of EU Strategy and Policy at stablecoin issuer Circle has shared some key predictions concerning the proposed Central Bank Digital Currency (CBDC) for the European Union. While the CBDC, also dubbed the Digital Euro is yet to be launched, Hansen said should it be launched, it will exist in three different forms.
Crypto Evening Briefing: Kraken Asks San Francisco Court to Intervene Against IRS Demands
Kraken has joined Coinbase in an effort to push back against the growing regulatory scrutiny by United States regulators.
Japan’s Largest Bank MUFG Completes Blockchain Interoperability Settlement Trial for Progmat Coin Stablecoin
Japan's largest bank, MUFG, has concluded a cross-blockchain trial to settle digital securities using a stablecoin, with DataChain as the interoperability tech provider. This is part of MUFG's development of Progmat, a blockchain infrastructure for digital securities, which requires settlement through stablecoins. The bank developed Progmat Coin to support stablecoins from multiple regulated issuers. The trial used a stablecoin issued on the Progmat Coin infrastructure based on R3's Corda enterprise blockchain to pay for a security on a GoQuorum permissioned blockchain. The solution addressed three key requirements: avoiding the need for a trusted third party for interoperability, settling different types of transactions, and sidestepping the need for another network for interoperability.
Republican Stablecoin Bill Draft Likely Won’t Make It to the Floor, Insiders Say
House Republicans have some work to do if they want their stablecoin bill to pass, Hill insiders say, but both parties seem inclined to leave the SEC out.
Crypto Morning Briefing: Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal
SushiSwap to Propose Tokenomics Changes to Promote Uniswap v3 Adoption; Bahamas Calls for Tougher Regulation to Curb FTX-Like Situations; Circle Activates Protocol for Stablecoin Transfers Between Ethereum and Avalanche
Circle Activates Protocol for Stablecoin Transfers Between Ethereum and Avalanche
Circle, the creator of the USD Coin stablecoin, released the Cross-Chain Transfer Protocol CCTP for Ethereum and Avalanche chains, enabling users to move their USDC stablecoin between blockchains.
