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Stablecoin
MakerDAO Community Rejects CoinShares Proposal to Invest up to $500M in Bonds
The MakerDAO community rejected a proposal to use up to $500 million in stablecoin USDC to invest in bonds with crypto investment firm CoinShares. MakerDAO founder Rune Christensen discusses the reason behind the rejection and his outlook for decentralized finance. Plus, details on the community’s voting on increasing DAI stablecoin rewards.
DeFi Giant MakerDAO Voting on Hiking DAI Stablecoin Rewards
Increasing the DAI savings rate would increase the Maker stablecoin’s competitiveness and help mitigate capital outflow from crypto to traditional financial markets, MakerDAO contributors said.
Cardano-Based Regulated Stablecoin USDA Will Hit the Market in Early 2023
USDA would be the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem, Emurgo said.
Confusion Abounds As Binance and OKX Suspend Support for USDC, USDT on Solana, Then Backpedal
Binance subsequently resumed deposits for Tether's USDT on Solana, while OKX reworded an original statement saying it delisted the tokens.
Tether's USDT Stablecoin Drops 3% Below $1 Peg
USDT is trading at 97 cents on several bourses, and briefly fell as low as 93 cents on the Kraken exchange.
Tron Network USDD Stablecoin Wobbles From Dollar Peg Amid Latest Crypto Crisis
Justin Sun speculated in a tweet that struggling trading firm Alameda might have started the deviation by selling its USDD holdings.
USDC Issuer Circle to Add Solana Support for Euro Coin in 2023
The stablecoin was introduced in June and is backed by a mix of cash and European government debt.
Circle Begins Putting Reserves Into New BlackRock Fund
The assets backing Circle Internet Financial’s USDC will finish moving into an SEC-regulated money market fund early next year.
CloudWalk Is First Crypto Firm in Brazil to Become a Licensed Payments Institution
The company, which already has a stablecoin tied to the Brazilian real, was licensed by the central bank of the South American country.
Analyzing What's Next for Europe's Markets in Crypto Assets Law
Issuers of stablecoins are just one of the many areas that will be subject to more regulation under the EU's Markets in Crypto Assets (MiCA).
