The most recent stablecoin proposal tied to the (CNH) offshore Chinese Yuan uses the technological foundation of Tron (TRX), an advanced blockchain that is EVM compatible. The second major fintech player to launch a stablecoin initiative tied to the Chinese yuan is TrueUSD, the creator of a new stablecoin. Is this a stablecoin trend to…
Glassnode, a major on-chain data analytics firm has just shared a report that involves the movement of Bitcoin, which is quite surprising. Migration Recorded for Bitcoin (BTC) Bitcoin seems to have hit a new record in terms of movements that have caused the biggest net decline on exchanges. The aggregate BTC balances have experienced a…
The officials at two major stablecoin issuers have made major announcements for the entire crypto-verse. Paxos and Circle, two major issuers of stablecoins have announced they have regulatory approval in Singapore. Paxos and Circle Gain Regulatory Approvals As per the officials from Paxos and Circle, they have now operating licenses in Singapore. The Monetary Authority…
Kevin O’Leary has recently made a statement in regard to the Stablecoin Transparency Act (STA) that could prove promising for Bitcoin (BTC). Kevin O’Leary’s Statement Kevin O’Leary, who is O’Shares Investment Advisers’ chairman and the star of the reality show “Shark Tank”, has made a supporting statement for Bitcoin. He talked about Bitcoin (BTC) while…
According to a top Russian government official, the country is cooperating with friendly nations about the potential use of stablecoins for making international payments. This news comes after some of the prominent institutions in the Russian Federation agreed that the country needs to work on legalizing crypto cross-border payments in light of the Western sanctions….
The cryptocurrency market sees a rough start to May. The space encountered two massive dips following announcements by Fed Reserve. The latest crash saw the market losing 3.7% of its value. Besides that, there’s new data that emerged and might worry investors. Stablecoins, USD Coin, and Binance USD show enormous volumes today. Surprisingly, the assets…
When the digital currency economy was declining from the second week of December 2021, the economy of Stablecoin was earning value gains which, as of now, has increased by more than 3.5%. Resultantly, the market cap of stablecoin has gone past US$ 167 Billion in total which makes up 6.5% of the entire crypto economy….
Tether, the provider of USDT (the most prominent stablecoin around the globe) has replied in multiple Twitter posts stating that it will collaborate with the policymakers, following the issuance of letters for various providers of stablecoins, on the behalf of the Senate Banking Committee of the United States recently this week to investigate regarding the…
Tether has recently given a statement on Twitter in which the stablecoin seems to be quite worked up about the report presented by Bloomberg on the current performance of the stablecoin. Stablecoins are digital assets that are pegged to a dedicated sovereign currency such as the dollar. They have their own market, and people buy…
