Stablecoins
United Nations Taps Stellar Blockchain to Aid War-Impacted Ukrainians
The United Nations High Commissioner for Refugees (UNHCR) is working with Stellar Development Foundation to send USDC stablecoins across the Stellar blockchain to Ukrainians impacted by the ongoing Russian invasion. "The Hash" panel discusses the crypto for social good use case in times of conflict.
Stablecoins Will Be Forced to Be Treasury-Backed: Researcher
"By making stablecoins treasury-backed, you increase integrity and you align incentives," says 3IQ Head of Research Mark Connors. He explains why he believes stablecoins will be forced to be treasury-backed.
Bermuda Digital Bank Jewel Issues ‘Fully-Backed’ Stablecoin
The Jewel USD stablecoin will be launching on Polygon.
Tron's USDD Stablecoin Falls to Under 97 Cents, Lowest Level Since June
The algorithmic decentralized stablecoin modeled after Terra's now-defunct UST lost its dollar peg last month as the collapse of FTX dented investor confidence in digital assets.
UK Extends Crypto Tax Break for Investment Managers in Financial Reforms
Rishi Sunak’s government has already legislated to use stablecoins as a means of payment as he seeks to make the country a crypto hub.
South Korea’s Central Bank Wants to Oversee Stablecoins
The country joins other jurisdictions in proposing standards for stablecoin issuance.
Markets Will Trade Flat 'Until Trust Gets Re-Established': Analyst
The CoinDesk Market Index Excluding Stablecoins is up 4.4% this week after it lost nearly 300 points earlier this month on the FTX fallout and subsequent contagion effects. Floating Point Group Co-Founder and CEO John Peurifoy expects continued flat conditions, until "trust gets re-established...or people find technological ways to get a little bit more comfort."
Cardano DeFi Project Ardana Halts Development, Citing Funding, Timeline Concerns
The project closed a $10 million round led by now bankrupt crypto hedge fund firm Three Arrows Capital last year.
Según JP Morgan, la reducción del mercado de stablecoins es otra señal de la salida masiva de inversores de cripto
Es difícil tener una recuperación sostenida en los precios de las criptomonedas sin que se detengan las salidas de stablecoins, aseguró el informe.
JPMorgan: The Shrinking Stablecoin Market Is Another Sign of Investors’ Exodus From Crypto
It’s difficult to see a sustained recovery in crypto prices without stablecoin outflows stopping, the report said.