Stablecoins News
DeFi Giant ‘Aave’ Announces Plans to Launch Own Stablecoin ‘GHO’
DeFi lending platform Aave plans to launch its own stablecoin, GHO, issued on the Ethereum network, the company announced in a blog post. GH...
Ripple Pushes for Dominance on XRP Ledger, Launches ‘Innovation Challenge’
Ripple, the company behind the cryptocurrency XRP and the XRP Ledger (XRPL), has launched an innovation challenge to encourage the developme...
Stratis (STRAX) Token Soars 160% Amid NFT, Gaming and Stablecoin Announcement
Ethereum-based, decentralised blockchain platform Stratis has witnessed its native token STRAX rocket 103 percent in one 24-hour period this...
ANZ Bank Uses Its Stablecoin A$DC to Buy Tokenised Carbon Credits
The stablecoin created by the Australia and New Zealand Banking Group (ANZ), A$DC, has been used by one of its large institutional customers...
Tether to Launch Stablecoin Pegged to British Pound Sterling
Stablecoin issuer Tether is set to launch a stablecoin pegged to the British Pound Sterling in early July, using Ethereum as the first suppo...
UST Contagion Continues as ‘Magic Internet Money’ Stablecoin Depegs
Last month’s Terra’s UST collapse has caused a domino effect on several stablecoins in the market. This time, Abracadabra’...
Tron to Deploy $2 Billion to Stabilise Broken USDD Stablecoin Peg
Tron blockchain founder Justin Sun has declared that US$2 billion will be deployed to “fight” investors shorting Tron’s native cur...
Australian Giant Novatti Set to Launch AUD Stablecoin with Stellar and Ripple
Leading Australian digital payments company Novatti has announced that it will be partnering with Ripple to bring its Australian dollar stab...
Tron Stablecoin Over-Collaterises 200% to Prevent UST-like Collapse
TRON has announced that its recently launched algorithmic stablecoin, Decentralised USD (USDD), will be over-collateralised by a ratio of at...
Japan to Regulate Stablecoins to Protect Citizens Following UST Implosion
The Japanese government has agreed to pass a law that will regulate stablecoins, defining them as digital money and protecting Japanese citi...
ANZ Bank Pushes Forward With Stablecoin A$DC, But Isn’t That Bullish On Crypto Yet
The Australian and New Zealand Banking Group (ANZ) wants to extend the usage of its cash-backed stablecoin, A$DC, amid demand for access to ...
Bank of England Agrees to Rescue Collapsed Stablecoins, Protecting Holders
In the wake of the Terra ecosystem collapse, the UK’s financial and economic ministry, HM Treasury, has released a consultation paper ...