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stablecoins News and Articles

Celsius Network stablecoin holdings

Celsius Files for a Court Approval to Sell Its Stablecoin Holdings


Bankrupt cryptocurrency lender Celsius submitted a filing with the aim to receive a court approval to sell its stablecoin holdings to receive liquidity that will help fund operators. A court filing discloses that Celsius owns 11 forms of stablecoins worth around $23 M. In a case, the judge approves...

Binance USDC

Binance Stops Supporting the USDC Stablecoin


Leading crypto exchange Binance revealed stopping support for the second largest stablecoin USDC. According to a press release, the platform will exchange users' holdings to its Binance USD in an automated way. Binance will no longer offer USDC Savings and DeFi Staking options, and all USDC...

DeFi stablecoins Ethereum

Report Says Ethereum Merge Will Negatively Impact DeFi Stablecoins


A new report by Dapp Radar says Ethereum is currently the largest blockchain on which DeFi apps and protocols operate, and the upcoming network upgrade will have an impact on DeFi stablecoins. Stablecoins are an essential part for DeFi, as they are often used in deals to facilitate trading or as...

United Kingdom

UK Government Bill Suggests Making Stablecoins a Form of Payments


U.K. financial regulators are proposing rules on stablecoins. Financial services and markets bill will be presented to parliament. Previously, in April, the U.K. Treasury announced goals to turn the country into a crypto hub. The new rules would allow consumers to make payments with stablecoins....

European Central Bank stablecoins

Europe's Central Bank Says Stablecoin Regulations Are Urgent


The European Central Bank released a new report on the crypto industry mentioning the risks related to stablecoins, DeFi, and climate impact. According to the ECB, the rise of crypto presents risks to financial stability and may reach a systemic threshold. To prevent the associated consequences,...

Aave DeFi stablecoins

DeFi Protocol Aave Intends to Issue Its Stablecoin


Decentralized network Aave intends to bring its stablecoin to the sector. The platform's founder Stani Kulechov tweeted that the team has developed an ARC for the stablecoin named GHO. In a proposal, Aave said with community’s voting GHO can be issued on Aave and let users mint the coin adding...

Tron USDD stablecoin

Tron Makes Changes on Its Stablecoin to Exclude Terra-Like Crash


In May, the Tron blockchain issued its USDD algo stablecoin. At present, the team is looking to modify the coin, adding collateral and enhancing transparency to avoid the scenario that the Terra ecosystem faced. Data from the Tron DAO Reserve website displays, the reserve account now holds 13,040.6...

UK stablecoins regulations

UK Authorities to Strengthen Stablecoin Regulations


The United Kingdom government released a consultation paper on May 31 that recommends improving the current legislation to face risks related to stablecoins. The news came after the Terra ecosystem's collapse. The paper suggests giving the Bank of England additional power to manage the...

Vitalik Buterin algorithmic stablecoins

Buterin Said How to Create Algo Stablecoins That Will Last


Crypto and blockchain influencer, the co-founder of the Ethereum blockchain, Vitalik Buterin published an analytical article about algorithmic stablecoins and how they can operate efficiently. The most essential thing about stablecoin protocols is resiliency, according to Buterin. He wrote that the...

Terra stablecoin

TerraUSD Dropped Below Its $1 Peg


Terra blockchain's UST stablecoin fell below its $1 price peg. At the moment of writing, UST trades at around $0.92. On May 9, the stablecoins dropped as low as 68 cents according to data by CoinMarcetCap. UST is an algorithmic stablecoin created by Terraform Labs in 2018. Terra uses complex codes...


Tron Released Its Stablecoin USDD


Tron blockchain’s dollar-pegged stablecoin USDD (decentralized USD) went live on May 5. USDD is in circulation and operates on Tron, BNB Chain, and Ethereum. An official guide on USDD mining published by the project says that USDD starts the Stablecoin 3.0 era on Tron. The Tron community has been...

stablecoins regulations USA

US Congress Raised Concerns Over Treasury's Stablecoin Proposal


In a hearing which took place on February 8, Congress rejected the proposal of the Treasury to include stablecoin issuers into a banking structure. However, there will be other reporting and discussions. In November 2021, the President's Working Group on financial markets published a report on...

US congress stablecoins hearing

Stablecoins Hearing Held at the US Congress


The Senate Banking Committee discussed the sector of stablecoins in a recent hearing. Subjects of regulations and whether the assets are good for the economy or can lead to a financial crisis were raised. Four witnesses testified: director of financial policy at Open Markets, Alexis Goldstein,...

stablecoins regulations

The US Treasury Presented a Report on Stablecoins


On Nov. 1, the US Treasury tweeted about having issued a report on stablecoins together with the US President's Working Group on Financial Markets, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. Today, Treasury joined colleagues from the President’s...

Stablecoin on-chain volume January

On-chain Volume of Stablecoins Surged $300 B in January


January was a successful month for stablecoins. Data shows that their on-chain volume went up to $308.7 billion compared to December when it was $178 billion. The largest share, about $199 billion belongs to Tether (USDT). It is a stablecoin pegged 1:1 to the U.S. dollar and operates across...

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