Lawmaker: Hong Kong Dollar Can be Issued as a Stablecoin
Hong Kong lawmakers suggested that the digital Hong Kong dollar could be developed into a stablecoin issued by the government and connected to DeFi.
Browsing: stablecoin
$19B in BTC, ETH, and Stablecoins Left Exchanges in 51 Days
Since the collapse of FTX, users of centralized exchanges withdrew more than nineteen billion dollars worth of bitcoin, ether, and stablecoins.
Waves Dubbed “Next LUNA” After Stablecoin Depegs From $1
Detractors of Waves have called the project the next LUNA after its stablecoin USDN de-pegged from $1. Read CNL.
Binance Cold Wallets Show $62 Billion Amid User Withdrawals
Binance has recently witnessed huge withdrawals from users who may have been worried about the exchange’s solvency. However, a look into cold wallets managed…
To Save FTX, SBF Tried to Destabilize the Crypto Market
The CEO of the biggest crypto exchange in the world and a Tether representative became concerned that SBF was attempting to destabilize the stablecoin.
Huobi’s HUSD Depeggs After Firm Delists the Stablecoin
The stablecoin of crypto exchange Huobi has lost its peg after the company announced to delist it. Read CNL to learn more.
New Data Shows USDC To Surpass USDT as Top Stablecoin
Report from Arcane Research shows stablecoin USDC to be the top soon. USDC’s growth rate increased by 70%, while USDT is down by 28.7%….
Tether Being Shorted by Hedge Funds, CEO Speaks Up
Paolo Ardoino said hedge funds are shorting USDT with the hopes of recreating TerraUSD’s demise. He asserts USDT is 100% backed by the company’s…
USDC Issuer Circle to Launch Euro-Backed Stablecoin EUROC
Issuer of USDC, Circle, will launch a new stablecoin called Euro Coin (EUROC) EUROC will be officially launched on June 30th. Developers can now…
