Stablecoin

Stablecoin

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Fed Governor Lael Brainard Slams Stablecoins, Calls For New Focus On Digital Dollars

Fed Governor Lael Brainard argued today for a U.S. central bank digital currency to counteract private-backed stablecoins. “It is not obvious that new forms of private money that reference fiat currency, like stablecoins, can carry the same level of protection as bank deposits or fiat currency.”
Fed Governor Lael Brainard Slams Stablecoins, Calls For New Focus On  Digital Dollars
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BlockFi Mistakenly Deposits Outsized Bitcoin Payments

BlockFi mistakenly deposited large amounts of crypto to user accounts, some receiving over 700 BTC. The company is working to recover funds, and states that ongoing operations are unaffected.
BlockFi Mistakenly Deposits Outsized Bitcoin Payments
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Tether (Finally) Releases Breakdown Of Its $42 Billion In Crypto Reserves

Tether, the largest stablecoin issuer in the crypto space, released its first breakdown of reserve holdings.
Tether (Finally) Releases Breakdown Of Its $42 Billion In Crypto Reserves
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Coinbase-Backed DeFi Protocol, Notional Finance, Attracts $10M Funding Round Led By Pantera Capital

Notional Finance closes a $10 million Series A round. Notional's protocol brings fixed lending rates on stable coins to Ethereum, a first of its kind.
Coinbase-Backed DeFi Protocol, Notional Finance, Attracts $10M Funding Round Led By Pantera Capital
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Coinbase Will List Troubled Stablecoin Tether, Now Almost A $50 Billion Market Cap

Coinbase announced through a blog post Thursday night that it would be listing the most popular stablecoin in the world known as Tether and trading under the symbol USDT.
Coinbase Will List Troubled Stablecoin Tether, Now Almost A $50 Billion Market Cap
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Equilibrium's Stablecoin Will be Integrated into Moonbeam

Equilibrium (EQ) - a cross-chain DeFi lending protocol - is due to bring its USD-pegged stablecoin to Moonbeam, which is a Polkadot (DOT) project building an Ethereum-like blockchain.
Equilibrium's Stablecoin Will be Integrated into Moonbeam
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Germany's Bankhaus von der Heydt to Launch EURB Stablecoin on Stellar

Euros fully regulate and support the development of the EURB, enabling banks and institutional investors to use the crypto without exposure to counterparty risk.
Germany's Bankhaus von der Heydt to Launch EURB Stablecoin on Stellar
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Is It Right Time for Stablecoins to Fight back?

Today, the stablecoin industry is still small relative to the cryptocurrency space on the whole, and the industry is dominated by Tether. However, as the stablecoin market matures, market capitalization will become more evenly distributed among stablecoins.
Is It Right Time for Stablecoins to Fight back?
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