Stablecoins News
NEAR Protocol Launches Decentralised Stablecoin ‘USN’ to Compete with UST
The highly anticipated decentralised stablecoin USN has launched on the Near protocol with Decentral Bank, an independent team, taking the l...
Tron to Launch an Algorithmic Stablecoin Backed by $10 Billion in Crypto
Tron CEO Justin Sun has announced his plan to launch a decentralised algorithmic stablecoin known as Decentralised USD (USDD) on the Tron bl...
Terra UST Flips Binance USD to Become Third-Largest Stablecoin
Decentralised algorithmic stablecoin TerraUSD (UST) seemingly can’t help but make headlines these days. Most recently, it surpass...
Beanstalk Stablecoin Loses $182 Million in Flash Loan Exploit
An attacker has drained US$182 million from Beanstalk stablecoin protocol in a flash loan attack, the second nine-figure DeFi exploit in jus...
Meta (Facebook) Turns to ‘Zuck Bucks’ in Latest Virtual Currency Move
Since offloading its failed Diem stablecoin intellectual property and rebranding to Meta, Facebook is looking to introduce non-blockchain-ba...
Neutrino Dollar Stablecoin Loses Peg, Drops 15% Amid Manipulation Speculation
Neutrino Dollar (USDN), a dollar-pegged stablecoin backed by the Waves protocol, has lost over 15 percent of its value due to accusations of...
Crypto Twitter Baffled by UK Government’s Move to Mint an NFT
The British Treasury is to create an NFT. Minted by the Royal Mint, the digital asset will stand as a sign of the UK government’s R...
MetaMask iOS Update Allows Users to Buy Crypto Using a Credit Card
MetaMask now allows iPhone and Apple Pay users to buy crypto using a debit or credit card through its mobile application, eliminating the ne...
Crypto.com Slashes Interest Rates Suddenly on Crypto Staking Services
In what is a worrying precedent for investors across the board, leading exchange Crypto.com has again slashed the rate of returns it offers ...
Terra’s Stablecoin UST Market Cap Rises 700% in Past 6 Months
The market capitalisation of the algorithmic stablecoin Terra (UST) has soared in comparison to its longer-running counterpart DAI. Year-to-...
ANZ Becomes First Bank to Mint Aussie Dollar Stablecoin A$DC
Australia and New Zealand Banking Group Limited (ANZ) has concluded a historic transaction in which its newly created stablecoin pegged to t...
$4 Billion Hedge Fund Makes a ‘Big Short’ Bet Against Tether
Fir Tree Capital Management has its sights firmly set on shorting the stablecoin Tether amid regulatory scrutiny and fears regarding ties wi...