Stablecoins News
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 ...
MoneyGram Partners With Stellar for Stablecoin Remittances, El Salvador Targeted
International cross-border remittances company MoneyGram is partnering with the Stellar blockchain to allow Stellar wallet users to transfer...
Tron DeFi Soars to $6 Billion Amid Release of New Stablecoin
Tron has become DeFi’s third-largest blockchain, with the launch of its new Terra-like algorithmic stablecoin promising yearly returns of ...
LUNA Investor Arrested for Knocking on Founder’s Door After Losing $2.4 Million
A South Korean investor who claims to have lost US$2.4 million in the Terra ecosystem collapse earlier this month has been arrested after kn...
Crypto Updates from the World Economic Forum Conference
Despite previous displays of disdain for the sector, cryptocurrencies have featured prominently in this year’s edition of the World Ec...
Fantom Stablecoin ‘DEI’ Loses Dollar Peg, Sinking 35%
Following on from the collapse of TerraUSD (UST), the Fantom-based algorithmic stablecoin DEI has also lost its dollar peg, plummeting 35 pe...
Terra Founder Claimed to be Mastermind of Failed Earlier Stablecoin Project, Basis Cash
Do Kwon, founder of the Terra blockchain and the company behind its protocol, Terraform Labs, was allegedly the brains trust of another fail...