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Stablecoin
Stablecoin Issuer Circle Receives Digital Token License in Singapore
The issuer of USDC received in-principle approval in November last year.
Turbos Finance Introduces Smart Routing for Stablecoins on Sui
The feature aims to reduce friction for users coming from other ecosystems to Sui and improve liquidity.
New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing
Its R stablecoin is collateralized by one crypto asset: liquid staking leader Lido’s staked ether (stETH).
MakerDAO Set for $1.28B Treasury Purchase
The community governing MakerDAO, the decentralized autonomous organization (DAO) behind stablecoin DAI, has paved the way to purchase up to an additional $1.28 billion in U.S. government bonds via crypto asset manager BlockTower Capital. "The Hash" panel discusses the outlook for the Maker ecosystem.
MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve; Nike Teams Up With EA Sports
CoinDesk's Jennifer Sanasie presents the major stories shaping the crypto industry on "CoinDesk Daily" as MakerDAO’s community voted to ditch $500 million Paxos Dollar (USDP) stablecoin from the lending protocol's reserves. Plus, insights on Kraken's gains in customer deposits in Canada following the departure announcements of its rival exchanges including Binance and OKX. And, a closer look at the partnership between Nike Virtual Studios and video game developer EA Sports.
MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve Assets
The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP’s total supply.
First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In
The stablecoin is issued by a registered trust owned by First Digital.
USDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown
The stablecoin issuer now only holds cash and repurchase agreements to back its USDC stablecoin’s value.
USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment
The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.
Team Behind Offshore Yuan, Hong Kong Dollar Stablecoins Detained by Chinese Police: Report
Earlier this year KuCoin closed a $10 million funding round into CNHC.
