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

Read More

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

Read More

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

Read More