Stablecoin

July 17, 2023

Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted

Decentralized finance protocol Aave has finally launched its new algorithmic dollar-pegged stablecoin GHO on Ethereum.   Aave, a decentralized finance (DeFi) protocol, has launched its algorithmic […]
July 14, 2023

Circle CEO spells doom scenario for US dollar in warning to Congress

Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar.   The CEO […]
June 15, 2023

Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD

The stablecoin pool ideally has a weightage comprising 33.3% of USDT, USDC and DAI; however, on June 15, the USDT weightage rose above 70%.   The […]
June 13, 2023

Hong Kong and the US aim for stablecoin regulations by 2024

The U.S. is another country currently working on stablecoin market regulations having introduced three drafts of the bill until June first week.   The Hong Kong […]
June 12, 2023

Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps

The move is Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion. […]
June 09, 2023

US House committee releases new stablecoin bill draft

The draft bill is set to go before the House committee for discussion on June 13 and, if approved, could become the first example of crypto […]

Tether’s game plan in El Salvador: Why invest in Volcano Energy?

Stablecoin issuer Tether is making a strategic investment in energy production and Bitcoin mining to support El Salvador’s adoption of BTC.   Stablecoin issuer Tether has […]
May 29, 2023

USDT market share jumps amid economic uncertainty, but USDC shrinks

Over the past year, Circle’s USD Coin has seen its market share decline from 34.88% to 23.05%, while Tether’s USDT has gained ground.   The US […]
May 17, 2023

Tether boasts of its financial stability after strong profits, money moved out of banks

Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism.   Stablecoin operator Tether […]

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