Tag: stablecoin

  • Stablecoin
    Crypto

    Circle’s Stablecoin USDC Passes Independent Audit, Fully Backed by USD

    The Circle Internet Finance-issued stablecoin, USDC, has received a formal attestation from an independent accountancy firm. It relates to the correlation between the numbers of tokens minted and the balance at the bank where the fiat currency backing them is stored. GrantThornton confirmed that the balance of USDC...

    Rick D. | November 22, 2018 | 11:45 pm
  • Iran
    Crypto

    Iran Disconnected From SWIFT, to Launch State Backed Crypto Rial

    Global provider of secure financial messaging services, SWIFT, has ousted the Central Bank of Iran (CBI) from its financial banking system. The US-led sanctions will make it difficult for Iran to settle its international deals. In response, the authorities in Iran have accelerated the development of their state-backed...

    Davit Babayan | November 13, 2018 | 3:00 pm
  • Tether
    Technology

    Tether Opens Bank Account with Caribbean Deltec Bank

    Tether Limited, the issuer of stablecoin Tether (USDT) wholly-owned by Bitfinex, has opened a bank account with Bahamas-based Deltec Bank. The move follows a long process of due diligence review of the company, including the ability to maintain the USD peg at any moment in time, the announcement says. Deltec...

    Ricardo Esteves | November 2, 2018 | 7:00 pm
  • AUD
    Crypto

    Another Stablecoin Announced, First on Stellar Network in Aussie Dollars

    Stablecoin popularity continues to grow, and ever since Tether (USDT) started the trend, numerous other stablecoins have emerged around the world. Despite the recent Tether controversy that has seen the pegged coin’s value drop below $1 — which should never happen, since each coin is supposedly backed by...

    Ali Raza | October 24, 2018 | 2:30 pm
  • Analysis

    Peer Stablecoins are Showing 10% Premium against a Weak Tether

    A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted...

    Davit Babayan | October 15, 2018 | 2:18 pm
  • japan banks
    Industry

    Japan’s GMO Internet Group Announces Yen-Backed Stablecoin

    Japanese internet giant GMO has just announced plans to launch a new stablecoin backed by the Yen. The new coin will be called GMO Japanese Yen and is expected to arrive at some point in 2019. The company is already invested in mining hardware and cryptocurrency exchange businesses,...

    Ali Raza | October 10, 2018 | 2:00 pm
  • metals
    Crypto

    Metal-Backed Tiberius Coin ICO Put on Hold Due to High Credit Card Fees

    This Tuesday, Tiberius Technology Ventures temporarily halted sales of its metals-backed digital currency Tiberius Coin. The firm plans to refund $1 million to investors due to high credit card fees that it said made the project unworkable. Tiberius Coin Explained In January of this year the concept first...

    Thomas Delahunty | October 10, 2018 | 10:00 am

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