Analysis of On-Chain Stablecoin Data Reveals Decline in USDT Dominance
In 2019, Tether (USDT) had a global stablecoin dominance of 89%, but it has since fallen to just under 50%, according to on-chain data provided by Glassnode — analyzed by CryptoSlate.
Argentina’s Province Approved a Legislation Allowing Issuance of US Dollar-Pegged Stablecoin
The province of San Luis in Argentina approved a legislation allowing the issuance of its own stablecoin pegged to the United States dollar. The token, dubbed the "Activo Digital San Luis de Ahorro", will be available to all citizens of the province over the age of 18 and 100% collateralized in liquid financial assets of the province.
Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural, and financial inclusion using blockchain.
Copenhagen-Based Fintech Aryze Issues First Stablecoin ARYZE Digital Cash
Copenhagen-based fintech company ARYZE has unveiled the first of its suite of digital currency assets, ARYZE Digital Cash, on European digital assets exchange Switchere.
Researchers Use Zero-Knowledge to Address Privacy, AML Concerns in Stablecoins
Researchers from German crypto blockchain-based payments fintech etonec and other organizations have proposed using zero-knowledge proofs to ensure regulatory compliance and privacy in stablecoins. They have created a design that allows fiat-based stablecoins to be used like cash, within limits.
TrueUSD Launches TCNH, a TRON-Based Stablecoin Pegged to Offshore Chinese Yuan
TrueUSD team is launching a new product called TCNH, which is a stablecoin pegged to Offshore Chinese Yuan (CNH) at 1:1. TCNH will be deployed on one of the fastest growing public blockchains, TRON, where users can obtain, hold, and trade the token.
Jewel Bank, Polygon To Launch Bermuda’s First USD-Backed Stablecoin
Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1 ratio with the United States dollar, Jewel Bank's founder and chairman Chance Barnett told Cointelegraph.
The Stablecoin War Opens a New Bloody Chapter
Like a Hobbit sequel would, the stablecoin war is being fought by three entities: Tether holdings, Circle/Coinbase, and Binance, with their respective stablecoins USDT, USDC, and BUSD, all fiat-backed stablecoins.
Glassnode 2022 Year In Review: Explore the State of Play Across Bitcoin, Ethereum and Stablecoin Markets
2022 has been one of the most chaotic, volatile, and financially brutal years, not only for the digital asset industry, but also for wider financial markets.
Binance Resumes USDC Stablecoin Withdrawals After Temporary Pause
Binance, the world's largest cryptocurrency exchange platform by daily volume, temporarily stopped processing USDC withdrawals due to inadequate USDC reserves on the platform, <a href="https://twitter.com/cz_binance/status/1602579499903852544">according</a> to Binance CEO Changpeng Zhao.
