Bluejay believes that stablecoins can play a meaningful role in the future of financial services in Asia.
Browsing: Stablecoin
What Is a Stablecoin?
A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset such as Gold or the U.S. dollar. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of digital currencies, and the fiat currencies like stability.
TrueUSD (TUSD), USD Tether (USDT), USD Coin (USDC), Diem, nUSD, and Dai are some examples of stablecoin.
Stablecoin Latest News
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Customers can visit just with their ID or passports to utilize Coinsfera’s services.
Investor protection has become a major concern following the collapse of the terrausd (UST) stablecoin.
The new crypto directives will provide legal clarity for a sector that has so far been mostly lacking in regulation.
Silvergate is uniquely positioned to leverage Diem’s technology to further solidify its position as a leader in the digital currency industry.
The new USDC listing will enable Binance users to access the USDC stablecoin as a native TRC-20 token.
The federal regulator published a letter Tuesday confirming that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in certain cryptocurrency, distributed ledger, and stablecoin activities.
A comparison of Liquity’s and MakerDao’s lending process, use cases, token patterns, and liquidation mechanisms
USDC is a stablecoin that is pegged to the United States dollar and currently runs on the Ethereum, Stellar, Algorand, and Solana blockchains.
Silvergate Bank is one of the few U.S. banks serving crypto-related businesses. Silvergate lists Coinbase, Kraken, Bitstamp and others as customers.