USD Stablecoins Hit Spot Trading Volume Record Highs, With USDT Still Dominating Market

Cryptocurrency research firm Diar indicates that the market capitalization for USD stablecoins has hit all-time highs and exceeded $4 billion, according to its latest weekly report published on May 21. Stablecoins tied to the greenback have broken through to a market cap of almost $4.3 billion, according to Diar’s data. The report also reveals a […]

European Central Bank Policymaker Backs Stablecoins over Bitcoin

European Central Bank policymaker Francois Villeroy de Galhau believes that stablecoins can play an important role in the financial system as they aren’t as volatile as Bitcoin and other cryptocurrencies, reported Bloomberg, May 15, 2019. What’s Not Understood is Often Feared In the past seven days, Bitcoin’s price has reached from $5,000 to almost $8,000 […]

Crypto Exchange Seed CX Adds Support for Three Stablecoins

Chicago-based crypto exchange Seed CX has announced support for stablecoins Paxos (PAX), USD Coin (USDC), and TrueUSD (TUSD) in a press release on May 14. The new stablecoin additions can be traded for U.S. dollars starting May 17, and the exchange is aiming to roll out trading pairs between the stablecoins and other fiat currencies […]

Reserve CEO Predicts Central Banks Will Tokenize, Still Room for Stablecoins

CEO Nevin Freeman of stablecoin startup Reserve predicts that central banks will tokenize their currency at some point, but stablecoins will likely still have an advantage in offering privacy. Freeman delivered his remarks at the Consensus 2019 panel “The End of Volatility? Stablecoins on the Rise” on May 15. During the panel, moderator Joel Telpner, […]

Easy Guide to the Reliable Stablecoins USDQ, KRWQ, CNYQ, JPYQ

The article is penned by Eduardo Argueta.  Eduardo Argueta currently acts as a Head of Communications in Platinum Q DAO Engineering. He is a skilled writer who first got into blockchain and cryptocurrencies back in 2016 as a means to send money abroad. He enjoys writing about all kinds of topics and industries, more importantly, […]

eToroX Launches Gold and Silver Stablecoins

– Broadens range of assets available on their secure, regulated exchange eToroX, the blockchain division of global investment company eToro, has today announced the addition of two commodity-stablecoins – eToro Gold (GOLDX) and eToro Silver (SLVX), two further fiat-stablecoins – eToro Ruble (RUBX) and eToro Yuan (CNYX) – plus 15 fiat pairs to its crypto […]

DAI Stablecoin’s Stability Fee Nears 20% After Latest MakerDAO Vote

The dollar-pegged stablecoin DAI is still trading below one dollar but is now considered to be in a “stable” position. From 0.5 percent to now 16.5 percent, the Stability Fee has been increased 33 fold over the past three months. Now, MakerDAO token holders have again voted to increase fees by another 3 percent to […]

Stablecoins, Explained | Cointelegraph

2. As the name suggests, stablecoins are designed to have a consistent price or value over time. There are three different ways of achieving this — delivering a happy medium between offering the stability of fiat currencies and the decentralized benefits that virtual currencies provide. Without stablecoins, taking out a loan while using crypto as […]

Paxos to Issue Up to $100 Million of Stablecoins on Ontology Blockchain

Stablecoin issuer Paxos will issue up to 100 million of its PAX tokens, pegged 1:1 to the U.S. dollar, on the Ontology blockchain network next month. The launch will make it easier for individuals and businesses using Ontology’s ONT token to transact in fiat-pegged tokens, Ontology announced Friday. Paxos Standard (PAX) is a regulated U.S. […]

$10 Million in Paxos Stablecoins Printed Overnight Following Tether Allegations

More than 10 million Paxos Standard stablecoins were minted in the 18 hours after the New York Attorney General’s bombshell allegations about rival issuer Tether. Chad Cascarilla, CEO of Paxos, which issues the Paxos Standard token, said the company saw a surge in demand overnight. “There was a lot of minting that happened yesterday throughout […]