Stablecoins are Beginning to See Traction Outside of Crypto Exchanges

According to statistics published in Diar, stablecoins have seen more than 1000% increased transaction activity on-chain since September. This is not to speak to the massive volume at which they are traded internally on crypto exchanges, which numbers in the several billions per day. The statistics are a change from previous times when the majority The post Stablecoins are Beginning to See Traction Outside of Crypto Exchanges appeared first on CCN

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Stablecoin Wars: Coinbase Token Attracts Capital But PAX Dominates Trading

It’s now been nearly two months since Winklevoss-led cryptocurrency exchange Gemini fired the first shot in the stablecoin wars through the launch of its USD-pegged crypto token, the eponymous Gemini Dollar. That same day, Paxos — like Gemini an NYDFS-regulated firm — made a similar announcement, and before long, crypto unicorns Circle and Coinbase revealed The post Stablecoin Wars: Coinbase Token Attracts Capital But PAX Dominates Trading appeared first on CCN

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As Tether Loses USD Peg, OKEx Will List ‘Regulated’ Cryptocurrency Stablecoins

If tether (USDT) is truly backed by and redeemable for physical U.S. dollars stored in company-controlled bank accounts, the so-called cryptocurrency “stablecoin” should manage to weather this period of uncharacteristic volatility until arbitrage restores its USD peg. If not, we could be witnessing the unraveling of the token that sees more daily trading volume than The post As Tether Loses USD Peg, OKEx Will List ‘Regulated’ Cryptocurrency Stablecoins appeared first on CCN

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Interview: MakerDAO CEO Rune Christensen Talks Stablecoins

I recently spoke with MakerDAO CEO Rune Christensen. MakerDAO is the company behind not one, but two, top 2oo-cryptocurrencies by market cap. One of these is Dai, sitting at #107 with a modest market capitalization of $46 million, and the second is Maker (MKR), which currently sits at #29 with a market capitalization of $272 The post Interview: MakerDAO CEO Rune Christensen Talks Stablecoins appeared first on CCN

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Bitcoin Price Eyes Comeback as 250 Million New Tethers Enter Circulation

Cryptocurrency startup Tether issued $250 million in new tokens on Monday, sparking speculation that a bitcoin price rally could be inbound. Blockchain data indicates that Tether, the creator of cryptocurrency “stablecoin” USDT (colloquially called tether), issued 250 million new tokens this morning, June 25. USDT, which is pegged to USD at a 1-to-1 ratio, serves The post Bitcoin Price Eyes Comeback as 250 Million New Tethers Enter Circulation appeared first on CCN

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Cryptocurrency Markets Post Recovery in Weekend Trading Respite

The post Cryptocurrency Markets Post Recovery in Weekend Trading Respite appeared first on CCN Cryptocurrency markets are finally showing signs of life after enduring a difficult start to the year that wiped $120 billion from the market in recent days, dragging it down from $590 to $470 billion. At the time of writing, Bitcoin was up almost 8 percent to just under $9,000 over the past twenty-four hours, according to The post Cryptocurrency Markets Post Recovery in Weekend Trading Respite appeared first on CCN

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Tether (USDT) to Launch New Platform in Wake of Alleged November Hack

The post Tether (USDT) to Launch New Platform in Wake of Alleged November Hack appeared first on CCN The developers of Tether have said that they will launch a new platform for the cryptographic token following the November security breach that resulted in the theft of $30 million worth of tokens. Tether Announces New Platform The startup made this announcement through a post on the Tether website, explaining that it is developing a The post Tether (USDT) to Launch New Platform in Wake of Alleged November Hack appeared first on…

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