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Cryptocoins News / EthereumWorldNews - 3 years ago

Binance Swapped BUSD In $1 Billion SAFU Fund For TUSD And USDT Stablecoins

Summary: Binance moved BUSD assets from its Secure Asset Fund for Users fund into two other stablecoins – TUSD and Tether USDT.The crypto exchange made the swap with crypto trust company Paxos can no longer mint new BUSD tokens due to regul...

Cryptocoins News / Blockchain  - 3 years ago

Circle's Stablecoin USDC Affected by Collapsed Bank

Circle's USDC stablecoin briefly de-pegged after news that $3.3 billion of its cash reserves were stuck with collapsed bank Silicon Valley Bank. USDC's dollar peg has since recovered, but mass redemptions have led to a drop in the stablecoin's market...

Cryptocoins News / Blockchain  - 3 years ago

KuCoin Ventures Invests in Yuan-Pegged Stablecoin

KuCoin Ventures leads a $10 million investment in CNHC, a Chinese yuan-pegged stablecoin issuer and blockchain payment service provider. (Read More)

Bitcoin News / Bitcoinist - 3 years ago

National Australia Bank Successfully Carries Out Self-Issued Stablecoin Transaction

Stablecoins have become an integral part of the multiple developments and improvements that are ongoing in the crypto sphere and cryptocurrency networks are not the only systems executing new developments in the digital currency space. Some banks ar...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

KuCoin leads $10M funding for Chinese yuan stablecoin issuer

Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan. The investment arm of major cryptocurr...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

National Australia Bank made first-ever cross-border stablecoin transaction

The “big four” Australian bank is the second to issue a stablecoin and hopes to support transactions by corporate clients by the end of the year. National Australia Ba...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

National Australia Bank makes first-ever cross-border stablecoin transaction

The “Big Four” Australian bank is the second to issue a stablecoin and hopes to support transactions by corporate clients by the end of the year. National Australia Ba...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live

On this week’s episode of The Market Report, Cointelegraph’s resident experts explain what is going on with banks collapsing, stablecoins depegging and what you should do to stay safe....

Bitcoin News / Bitcoin.com - 3 years ago

Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse

The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terr...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

FTX-related stablecoins on the move: $145M transferred to crypto exchanges

Three wallets, reportedly associated with FTX and its subsidiary, Alameda Research, have moved 69.64 million USDT and 75.94 million USDC. Amid multiple ongoing investi...

Cryptocoins News / Blockchain  - 3 years ago

Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins

Binance co-founder and CEO, Changpeng Zhao, announced on March 13 that the exchange will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto amid concerns surrounding stablecoins. This decision was made f...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Debtors saved over $100M using de-pegged stablecoins to repay loans

Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar. The depegging of USD Coin (USDC) and Dai (DA...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

The controversial founder of Terraform Labs, Do Kwon, is at the center of the investigation, despite being believed to be hiding out in Serbia. The United States Justi...