The market for stablecoins is about to see a new participant shortly. Sam Bankman-Fried, founder and CEO of the cryptocurrency exchange FTX, recently gave an interview with The Big Whale in which he stated that the company is developing its own stablecoin. Sam Bankman-Fried’s Statement: The crypto billionaire, who has emerged as
Tag: stablecoin
Will Cryptocurrency Become Regulated Financial Instrument in the UK?
On Tuesday, UK lawmakers voted in favor of officially recognizing cryptocurrency assets as regulated financial instruments and products. The Financial Services and Markets Bill, which covers the UK's economic strategy post-Brexit, was read by the House of Commons, Parliament's lower house, on Tuesday. Parliamentarian Andrew Griffith presented an amendment to the
TRON DAO Reserve Addresses Questions Regarding USDD Stablecoin
Geneva, Switzerland / July 21 / – The TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON.The USDD stablecoin is currently the most over-collateralized stablecoin across the entire cryptocurrency market. The core mission of USDD is to
UK Treasury plans to legalize Stablecoins amidst Terra’s UST and LUNA Crash
Recently, the social media space has been buzzing with the market crash with a focus on Terra Luna's unexpected price drop. The native token $LUNA and the stablecoin $UST suffered major price crashes for several factors. $UST, which was prevailing at $90c earlier this month, came down to $45c, and $LUNA,
The Correlation between LUNA and UST’s price fall
While the cryptocurrency market struggles to find its footing, LUNA holders and investors have been pulled into the water with the major price crash caused due to several factors. Over the last week, the internet has been buzzing with Terra Luna’s stablecoin UST and native token LUNA’s major price fall. While
South Korea’s Shinhan Bank is Considering the Launch of Its Stablecoin
After internal verification of the non-fungible token (NFT) technology, South Korea’s Shinhan Bank is considering commercialization and joining the biggest trend in crypto since the year began. It's also getting involved in the digital asset market, looking at the launch of won-based stablecoins. On Thursday, November 4th, Ha-ri Yoon, the head
A new Stablecoin GUSD addition in Gemini’s Earn Products
The demand for stablecoin is increasing among institutional borrowers and traders because of cheaper costs and better stability. Over time, we have seen several new stablecoins entering the market, but only a few of them have the functionalities to beat the competition. Gemini recently introduced GUSD, a new stablecoin in
Ampleforth Ethereum-based Stablecoin Makes Surprise Expansion Beyond Ethereum
Inside Crypto Today Suggests - Actively trade in Ampleforth ($AMPL). Trade on Kucoin. (Do your own research and due diligence, this is the opinion of the Inside Crypto Today Team) Ampleforth, an Ethereum-based stable coin, has surprised analysts to go beyond Ethereum and now comes on Polkadot, NEAR, and TRON. A news publication
