Sky Speeds MKR to SKY Migration and Prepares Star Expansion
Sky accelerates migration from MKR to SKY tokens, aiming for completion by 2025. New deflationary SKY ...
Tag: Stablecoin News
A stablecoin is a cryptocurrency that aims to maintain price stability by pegging its monetary value to a given fiat currency, typically on a 1:1 ratio. It can be backed by cash, cash equivalents, commodity values, or other financial instruments.
Stablecoins adopting cryptocurrencies as a direct replacement for conventional fiat currency requires stability. This currency can compromise a holder’s purchasing power. Stablecoins, such as Tether (USDT), USD Coin (USDC), Binance USD(BUSD), Dai(DAI), and TrueUSD(TUSD) are some of the popular stablecoins.
Stablecoins aim to keep the same price in a given currency, unlike other cryptocurrencies, which may fluctuate relative to the pegged currency. For example, a $1 stablecoin would maintain its price of $1. Get the latest news about Stablecoin from CryptoTale.
David Schwartz Warns Not To FOMO Ahead of RLUSD Launch
Ripple’s RLUSD stablecoin, backed by USD reserves and bonds, is set to launch today. David Schwartz ...
USDC Goes Global with Binance-Circle Partnership: Report
Binance partners with Circle to integrate USDC stablecoin for 240M global users. USDC will enhance Binance's ...
Ripple’s RLUSD Stablecoin Secures NYDFS Approval for Launch
Ripple's RLUSD gains NYDFS approval, strengthening its position in the stablecoin market. RLUSD, backed 1:1 with ...
UAE Approves First AED Stablecoin: AE Coin Makes History
UAE Central Bank approves first AED-backed stablecoin, AE Coin, set to transform payments. AE Coin aims ...
Singapore Gulf Bank Raises $50M for Stablecoin Expansion
Singapore Gulf Bank is seeking $50M in funding to acquire a stablecoin payments firm. Focused on ...
Global Dollar Network Launched to Boost Stablecoin Adoption
Cryptocurrency exchanges collaborate to drive new stablecoin innovation forward. Global Dollar Network launched to enhance stablecoin ...
Review on DAI: The Future of Decentralized Stablecoins in DeFi
Launched by MakerDAO, DAI is a decentralized stablecoin pegged to the U.S. dollar.Unlike other stablecoins like ...
Ripple Partners With Exchanges for RLUSD Stablecoin Launch
Ripple partners with leading exchanges to launch its regulated RLUSD stablecoin globally. RLUSD stablecoin aims to ...
Ethena Labs Proposes Adding Solana (SOL) as USDe Collateral
Ethena Labs proposes adding Solana (SOL) as new collateral for the USDe stablecoin. If the proposal ...
Shiba Inu’s Stablecoin Launch to Enhance Shibarium Network
The founder of Shiba Inu is said to launch a stablecoin in the Shibarium network soon. ...
Ripple Mints 485 RLUSD Tokens on Ethereum and XRPL Networks
Ripple mints 485 RLUSD stablecoin on Ethereum and XRP Ledger (XRPL) networks. The platform’s latest XRPL ...
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