Tag: stablecoin
What is Tether (1 USDT)? How does it work?
Tether (USDT) is the largest stablecoin by market capitalization. Tether Limited developed the digital currency USDT to serve as the internet's Digital Dollar, with each token...
USDT market share jumps amid economic uncertainty, USDC shrinks
According to CoinGecko data, Tether (USDT) has seen its market dominance increase, reaching 65.89% from 47.04% one year ago. Tether's market capitalization has soared...
A new draft bill for stablecoins was introduced by the US Congress.
Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers out of the United States would have to seek registration to operate in the country.
Stablecoin of “Norilsk Nickel” will be traded on Huobi exchange
Representatives of the Russian metallurgical company Norilsk Nickel are negotiating with the Huobi cryptocurrency exchange to place a stablecoin secured with metals on the...
Despite the “harsh external environment”, GMO’s crypto business remains profitable
The Japanese company GMO Internet published its financial indicators for the third quarter, in which it showed the profitability of its cryptocurrency businesses, despite...
Stablecoin, backed by Russian currency
The trend of creating stablecoins seems to reach Russia. As reported by the news agency "Moskva" the Russian authorities may launch a stablecoin, which...
Cryptomarket: what’s going on? Tether again?
The situation on the cryptomarket at the time of writing is somewhat strange: Tether, the most popular stablecoin, is dropping down for over 5%...
China thinks about the release of the stablecoin secured by the yuan
In China, stablecoin secured by the yuan may appear. The need to launch such a digital asset was announced by the People's Bank of...
GMO announces stablecoin tethered to Japanese yen
GMO Internet, a Japanese online conglomerate, confirmed its plans to issue a stablecoin tethered to the Japanese yen.GMO, which in June announced ASIC miners...
An IBM answer to SWIFT and xRapid
American technical giant IBM announced the creation of a SWIFT competitor - a global payment blockchain system based on the Stellar protocol.IBM plans to present the...
