Cardano To Launch Regulated Stablecoin In Early 2023
Cardano’s ecosystem is set to take off its first fully fiat-backed, regulatory-compliant stablecoin by the end of the first quarter of 2023. The stablecoin will be called USDA and is set to create the Cardano Decentralized Finance (DeFi) ecosystem healthier and more sustainable.
FTX Fraud Pushed Traders Into Stablecoins: Galaxy
As risk-off sentiment continues to dominate cryptocurrency trading patterns, investors are putting more money into what they hope is a safe haven: stablecoins. Stablecoin trading volume has been on the rise since news of FTX’s collapse broke and fears of contagion rocked the industry.
Cardano Developer Emurgo To Issue Fiat-Pegged Stablecoin Called USDA
Cardano developer Emurgo announced plans to issue a U.S. dollar-pegged stablecoin called USDA on the network in early 2023.
Seattle-based Web3 Payment Company Launches Stablecoin On XRP Ledger
Seattle-based Web3 payment company Stably Corporation has announced the launch of its multichain USD-pegged stablecoin on XRP Ledger (XRPL). The stablecoin, dubbed Stably USD (USDS), supports XRPL’s goal to provide a sustainable and scalable platform for tokenized assets.
Last-Ditch Stablecoin Regulatory Bill May Emerge This Year
Sen. Kirsten Gillibrand (D-N.Y.) said the latest effort on a stablecoin regulatory bill is coming soon, and she hopes it can get some attention before Congress transitions into its new session next year. She’s working with Republican Senators Patrick Toomey (Pa.) and Cynthia Lummis (Wyo.) on “unique” legislation that will establish U.S. rules of the road for the tokens, she said Wednesday.
Tether, USD Coin, Binance USD, Dai, or Terrausd: Which Stablecoin Is the Best?
Which stablecoins are decentralized? Which stablecoin is the safest? Which stablecoin is the best?
Tether Blacklists Mysterious FTX Wallets as Account Drainer Liquidates MATIC, LINK, AVAX Holdings
Over $12 million in chainlink (LINK) tokens were sold in early Asian hours across two transactions, shortly after reports of a hack at FTX.
Justin Sun Moved $6M Stablecoins From TrueFi Lending Pools Before FTX Bankruptcy
Justin Sun, founder of the Tron network and a one-time, potential savior of the insolvent crypto exchange FTX, moved $6.1 million in stablecoins from decentralized lending protocol TrueFi, which is among companies weighted down by FTX sister company Alameda Research's debts.
