stablecoin Archives

Brazil Passes Bill Regulating Bitcoin Payments

Brazilian Financial Giant To Launch Own US Dollar Stablecoin

by Jesus Dawal - April 4, 2023

The Brazilian financial giant is issuing the stablecoin to serve investors who want to convert their assets into US dollars.

Crypto-Lending-Firm-Babel-Finance-Freezes-Withdrawals-Due-to-Crypto-Market-Crash

Babel Finance Turns to Stablecoin To Overcome Lending Crisis

by Godfrey Mwirigi - March 6, 2023

Crypto lender Babel Finance plans to launch a stablecoin to tackle its financial crisis and has sought a moratorium of protection from the high court of Singapore.

Platypus DeFi Attackers Now Under French Police Custody

by Jesus Dawal - February 26, 2023

Two suspects in the Platypus DeFi platform hack have been arrested by the French police, with the help of Binance and ZachXBT.

Lawmaker: Hong Kong Dollar Can be Issued as a Stablecoin

by Godfrey Mwirigi - January 5, 2023

Hong Kong lawmakers suggested that the digital Hong Kong dollar could be developed into a stablecoin issued by the government and connected to DeFi.

$19B in BTC, ETH, and Stablecoins Left Exchanges in 51 Days

by Godfrey Mwirigi - December 28, 2022

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

by Jesus Dawal - December 20, 2022

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

by Jesus Dawal - December 13, 2022

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…

Crypto-Abuzz-as-SBF-Makes-“Worst-Is-Over”-Remark

To Save FTX, SBF Tried to Destabilize the Crypto Market

by Godfrey Mwirigi - December 11, 2022

The CEO of the biggest crypto exchange in the world and a Tether representative became concerned that SBF was attempting to destabilize the stablecoin.