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Stablecoin
Stablecoin Issuer Circle Scraps Plan to Go Public
Circle, the company behind stablecoin USDC, has terminated its agreement with special-purpose acquisition company Concord Acquisition Corp., thereby stepping back from its plan to go public. The stablecoin issuer had announced plans to go public in July 2021, with a valuation of $4.5 billion. The valuation was later doubled when the firms amended their terms in February. "The Hash" panel discusses what this means for the future of mainstream stablecoin adoption as crypto contagion continues to spread.
Circle, emisor de stablecoin, cancela sus planes para cotizar en la bolsa
La empresa había anunciado sus planes en julio de 2021.
Stablecoin Issuer Circle Cancels Plan to Go Public
The firm ends SPAC deal under which it would have become a listed company.
MakerDAO Founder on Community Rejecting CoinShares’ Proposal
MakerDAO founder Rune Christensen joins "First Mover" to discuss why the MakerDAO community rejected CoinShares' proposal to use up to $500 million in stablecoin USDC to invest in bonds with the crypto investment firm.
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.
