Why crypto investors, regulators are worried about Tether and other stablecoins?
The crypto market, however, has transformed unease into panic, attracting the attention of global regulatory agencies.
Tag: Stablecoin
UST stablecoin loses its peg to the US dollar, now trades 92 cents
The Terra blockchain native stablecoin has lost its 1:1 peg to the United States dollar as a result of the ...
Growing risks of hedging your Naira with USDT
A number of Nigerians are now looking to hedge against high inflation, as well as possible naira devaluation, with the ...
Luna Foundation acquires over $1 billion worth of Bitcoin for stablecoin backing
The Luna Foundation has now acquired approximately 24,954.96 BTC for its programmable stablecoin reserves.
Circle’s valuation now stands at $9 billion after revised merger agreement
Circle has seen its valuation double to $9 billion after the company revised its merger agreement with Concord Acquisition Corp.
Stablecoin trading volume spikes as crypto investors take cover from falling market
Data reveals that there has been a spike in stablecoin activity in the last 48 hours as the cryptocurrency market ...
Stablecoin sector grew to approximately $140 billion in 2021
According to data from The Block’s “2022 Digital Asset Outlook,” the stablecoin cryptocurrency sector saw an explosive growth in 2021. ...
U.S SEC to head stablecoin regulation
The United States regulatory bodies have reportedly agreed that the U.S Securities and Exchange Commission (SEC) will lead the United ...
Cardano announces COTI as official issuers of Djed stablecoin
A new stablecoin is arriving on the Cardano blockchain as Cardano founder, Charles Hoskinson announced COTI as its partner to ...
All you need to know about the e-Naira set to be launched on October 1
The Central Bank of Nigeria (CBN) is set to launch the eNaira on October the 1st. Let us take a ...
