Tag Archives: Stablecoin

CryptoRuble: How Stable Could Russian National Stablecoin Be?

On November 7, the chairman of Russia’s State Duma Committee on Financial Markets announced details of the “CryptoRuble,” a long-discussed government cryptocurrency project.   Specifically, the official said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble, but in a digital space. Russian authorities have now ended up with this concept after years… Read More »

Circle’s Stablecoin USDC Gets More Pairs on Poloniex

The second half of 2018 has been all about Stablecoins as there have been successful in grabbing eyeballs of everyone in the crypto world be it businesses, exchanges, traders or investors. Trying to meet this growing demand, the United States-based digital asset platform, Poloniex announced several new trading pairs for USD Coin on their platform. Poloniex adds 6… Read More »

Another Stablecoin Coming as eToro announces Native Stablecoin

Another firm that supports crypto trading and another stablecoin announcement. Doesn’t look like the craze of stablecoin is ending soon. After Gemini and Circle, its eToro that has announced the launching of its own native stablecoin. “Absolutely yes!” Says CEO of eToro for stablecoin It was Finance Magnates London Summit and the attendees weren’t disappointed as Yoni Assia,… Read More »

Stablecoin Supremacy Battle Heats Up; Binance Lists USDC, Tether Below a Buck

Once up a time there was crypto and fiat. If you wanted to trade in altcoins you had to first buy Bitcoin. Tether changed all that when it came onto the scene on Bitfinex in 2015, today there are a slew of stablecoins all competing for supremacy. USDC Listed on Binance The controversy surrounding Tether coupled with its… Read More »

Top Crypto Exchange Binance Adds Circle’s USD Coin in Latest Stablecoin Support Move

Major cryptocurrency exchange Binance announced it would list Circle’s USD-pegged stablecoin USD Coin (USDC) in a blog post Nov. 15, with deposits opening immediately. USDC, which the financial services company announced in May this year and released in September, is one of an increasing number of cryptocurrencies notionally tied 1:1 with a major fiat currency. Binance is not… Read More »

S. Korea: Mobile Messaging Giant Kakao and Stablecoin Project Terra Have Partnered in Blockchain Payment System

Kakao Corp, the major internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter’s blockchain-based payment system, local news outlet The Korea Times reported Nov. 14. The new partnership agreement is to apply the former’s blockchain platform technology Klaytn, the… Read More »

Iran Disconnected From SWIFT, to Launch State Backed Crypto Rial

Global provider of secure financial messaging services, SWIFT, has ousted the Central Bank of Iran (CBI) from its financial banking system. The US-led sanctions will make it difficult for Iran to settle its international deals. In response, the authorities in Iran have accelerated the development of their state-backed national digital currency. Central Bank of Iran’s State Backed Cryptocurrency… Read More »

Another Stablecoin as New Zealand plans to relaunch New Zealand Dollar Token (NZDT)

The frenzy around Stablecoins doesn’t seem to be ending as of now every exchange or business just needs to have piece of it. While all leading crypto supportive countries have announced their plan for Stablecoins, New Zealand doesn’t want to stay far behind in this race as it plans to relaunch it New Zealand Dollar pegged New Zealand… Read More »

Japan’s GMO Internet Reports ‘Historical Q3 Performance’ for its Crypto-Related Businesses

Japanese IT giant GMO Internet has published its third quarter report Monday, Nov. 12, revealing a “historical performance” of its crypto-related sectors despite “the harsh external environment.” GMO claims its crypto businesses, including mining equipment production and its crypto exchange, have gained 2.6 billion yen ($22.8 million) in revenue over the third quarter “in just a year since… Read More »

Stablecoins Are a Game Changer, Says Aussie Crypto Exchange Founder

Advertisement Twitter Facebook LinkedIn Co-founder of Australian based cryptocurrency exchange CoinJar has stated that stablecoin is a game changer for the industry and that the potential use cases are much more than we know, The Australian Financial Review reports. Stablecoins are cryptocurrencies created to combat the volatility of the market by creating a token that can be converted… Read More »