Anchor’s total UST deposits dropped from $14 billion to a little over $11 billion. Terraform Labs is responsible for the whole Terra ecosystem’s operation and power. The algorithmic stablecoin backed by the U.S. dollar, UST, will be supported by $1.5 billion in bitcoin and terraUSD from Luna Foundation Guard (LFG)
Five prominent banks are presently working with TUSD. The auditing company Armanino is currently auditing TUSD. The TrueUSD (TUSD) stablecoin has revealed the names of five of its current bank partners who protect its USD reserves. As of now, the TUSD stablecoins USD assets are held in the custody of
Twitter artists will be among the first to use the new service offered by Stripe, a payment processor. Stablecoin payments will be possible on the Polygon blockchain, according to a statement released today. Stripe Connect, the company’s platform for integrating payments into online marketplaces, will be the first to provide
Geneva, Switzerland / April 21 / – H.E. Justin Sun, Founder of TRON, announced today in an open letter on Twitter that an all-new stablecoin is launching on the TRON blockchain, USDD (or Decentralized USD), marking its official entry into the field of decentralized stablecoin. TRON DAO will partner with
Early yesterday, the entire US market was so busy and excited looking at the massive surge of the TerraUSD (UST). As a remarkable turnover, Terra’s UST surpassed the Binance USD (BUSD) and became the 3rd largest stablecoin by market value. Surprisingly, the surge is over $17.5 billion with a rise
Hector Finance has successfully launched TOR, its much-awaited stablecoin and a key component in the Hector ecosystem. Hector Finance has also enabled yield farming for the TOR Stablecoin. Currently, $TOR LP Farming has surpassed $3.5M TVL with only 800 beta testers and investors are earning 60% APY making TOR yield
PayPal is considering launching its own cryptocurrency stablecoin as a means of sending and receiving payments. PayPal confirmed to Bloomberg on Friday, January 7th, that it is currently investigating a PayPal stablecoin. Developer Steve Moser found code for PayPal Coin, a stablecoin backed by the US dollar, in the PayPal
Facebook plans to sell off it’s much ambiguous stablecoin project, the ‘Diem’. All assets, including the technical resource engineers and team to be sold off. Feds play a major role as hurdles for Diem. Stablecoin owes to be one of the safest and best crypto businesses in the industry. Being
Ethereum blockchain now has 563 addresses, banned since 2017. They may freeze or destroy assets by placing them on the blacklist. The biggest stablecoin issuer has come under scrutiny from regulators in recent years. On January 13th, three Ethereum addresses were blocked with around $160 million in USDT. According to
PayPal decided to launch its Native Stablecoin in the crypto market. The stablecoin is named as the “PayPal Coin” which is backed by the U.S. dollar. Payment Giant is taking a deep dive into the crypto space. PayPal Holdings is an American International fintech company which has been operating as
