Stablecoin Issuers Seek to Diversify Banking Partners in the Wake of Silicon Valley Bank’s Meltdown
The failure of California-based Silicon Valley Bank today leaves the crypto market with one fewer lending partner, adding further pressure on stablecoin issuer Circle to beef up its portfolio of bank partners.
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
U.S.-based stablecoin issuer Circle held a part of its USDC stablecoin’s cash reserves at Silicon Valley Bank of Jan. 17, according to the firm's latest attestation.
DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source
Decentralized stablecoin investments service mStable has been rattled by falling product revenue and the loss of key contributors – including a co-founder. But backers of the exchange and yield generator are hoping to keep it alive via a merger with another team.
‘NakaDollar’: Ex-BitMEX CEO Proposes Stablecoin Backed By Bitcoin And Exchanges
Former BitMEX CEO Arthur Hayes has proposed a stablecoin that aims to be completely independent of the U.S. dollar.
Crypto Morning Briefing: MakerDAO Founder Calls for Rebranding of DAI Stablecoin
New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security; Blockchain.com to Suspend Operations of Asset Management Arm; Gateio Launching Debit Card Supporting Shiba Inu & Crypto Payments Across Europe; Binance Approves TerraClassicUSD (USTC) Against Tether USD (USDT) Trading Pair
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
MakerDAO’s DAI stablecoin could be due for a makeover.
BitMEX Co-Founder Arthur Hayes Proposes Bitcoin-Backed Stablecoin ‘NakaDollar’
BitMEX co-founder Arthur Hayes has proposed a Bitcoin-backed dollar-pegged stablecoin NakaDollar (NUSD) which would be backed by $1 Bitcoin and one inverse perpetual swap of BTC against USD.
Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin
Decentralized lending protocol Aave moved closer to delisting troubled stablecoin BUSD Thursday after a roadmap for executing the plan cleared a procedural hurdle.
Stablecoin Issuer ECSA Secures $3 Million in Funding
Brazilian-based stablecoin issuer ECSA raised $3 million to bring the main carry currencies on chain.
MakerDAO Faces Criticism Over Tokenomics Plan Amidst High-Stakes US Treasury Investment Strategy
MakerDAO, the governance token behind the fifth most popular stablecoin DAI, is contemplating an increase in its United States Treasury bond investments to $1.25 billion from its previous allocation of $500 million.
