TCNH, a Stablecoin Pegged to Offshore Chinese Yuan, Listed on Huobi
TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH) with a pilot program allowing organizations to mint TCNH, announced that it is now available on Huobi, where users can trade it through the TCNH/USDT pair. Huobi is the first exchange to support TCNH after its launch. Apart from minting directly through TCNH’s official website after being verified as a whitelisted organization, users may also acquire TCNH tokens through the crypto trading pairs available on exchanges.
How Safe Is the USDK Stablecoin?
If you are seeking a stablecoin that can survive today’s chaotic crypto markets. I think USDK is a stablecoin that is worth examining.
Binance Looks Beyond The Dollar For Stablecoin Replacement: Forbes
With the impending demise of the Binance USD coin, effectively canceled by U.S. regulators, multiple private and public entities have expressed interest in working with the world’s largest cryptocurrency exchange on a similar initiative, according to Binance’s chief strategy officer, Patrick Hillmann. “There are very interesting opportunities, particularly in Europe and the Middle East,” he told Forbes, though he would not provide further details.
Binance Considers Severing U.S. Ties in Face of Crypto Crackdown: Bloomberg
Binance Holdings, the world’s largest crypto exchange, is considering severing its ties with U.S. business partners as various government agencies and regulators continue to investigate the company, according to a report from Bloomberg, citing a personal familiar with the issue.
TrueFi’s TRU Token Rallies Over 200% After Binance’s TUSD Mint Sparks Speculation
TRU, the governance token of decentralized lending protocol TrueFi, surged 220% on Thursday in an hour, data by CoinMarketCap shows, in a speculative flurry over a Binance stablecoin transaction.
BUSD Stablecoin Inches Toward $1 Peg After Binance CEO Comments
The Binance USD (BUSD), the third-largest stablecoin by market cap, is returning to its intended $1 peg after Binance CEO Changpeng Zhao commented on the crypto exchange’s connection to the popular Paxos Trust Co.-issued token on Tuesday.
Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure
Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Paxos announced on Monday that it would stop issuing the cryptocurrency amid mounting regulatory pressure, blockchain data shows.
Stablecoin Withdrawals Reach Almost $500M in Wake of BUSD News
The total amount of coins held on exchange addresses. STBL is a virtual asset that aggregates the data of all ERC20 stablecoins supported on Glassnode, thereby creating a metric that sums up all exchange balances across stablecoins. Stablecoins included are: BUSD, GUSD, HSUD, DAI, USDP, EURS, SAI, sUSD, USDT and USDC.
Former SEC Official Reacts to PayPal’s Decision to Ditch Its Stablecoin
PayPal has halted its work on its stablecoin due to partner Paxos being investigated by the New York Department of Financial Services. Former U.S. Securities and Exchange Commission official John Reed Stark stated that the regulatory scrutiny of crypto firms is why PayPal has made this decision. He adds that any US financial company that interacts with public blockchains is viewed as too risky. Stark's comments come after Kraken was accused of selling unregistered securities, leading to the company paying a $30m fine and removing its staking feature in the US. (u.today)
PayPal Pauses Stablecoin Project Amid Paxos Probe
PayPal's putting work on its stablecoin on ice amid increasing regulatory scrutiny, Bloomberg News reported, citing a source.
