Cryptocurrency News
HAY, a BNB-Powered Overcollateralized Stablecoin, Is Set to Launch and Disrupt the DeFi ecosystem. British Virgin Islands – Helio has announced the upcoming launch of HAY, a stablecoin over-collateralized by BNB pegged to USD. Because it is powered by the BNB chain, HAY is poised to become one of the market’s […]
Imagine waking up and finding out that you’ve lost over 60% of your supposed savings. Last month, Investors lost more than 99% of their savings in the UST-LUNA collapse, which shook the entire Crypto space. Over $800 million worth of cryptocurrency long positions were liquidated in one day. This is […]
As cryptocurrency markets continue to trade sideways this weekend, quite a few coins are seeing double digits price gains. Today’s biggest gainer is Venus (XVS), rising over 27% in the past 24 hours, ranking it the biggest gainer on Crypto.com. What Is Venus cryptocurrency, and why is the XVS price […]
There are many different opinions on what stablecoins bring to the table in the cryptocurrency industry. Current statistics confirm the popularity of these assets, and they also create a lot of on-chain volume. There are many different stablecoins in the cryptocurrency industry today. Different Stablecoins for Different Purposes Despite the […]
The global economy is facing an unprecedented meltdown. No part of the global economy has been left unscathed by the COVID-19 pandemic. While most financial markets have been facing weeks of a meltdown, some asset classes have grown due to the crisis. One of these asset classes is USD-backed stablecoins. […]
Ever since Facebook announced the Libra, there have been numerous concerns regarding the project. It now appears that some changes may be in order after all. In theory, the Libra is designed to be a digital currency. The Libra Saga Becomes Complex It is pegged to a basket of reserve […]
The decentralized finance segment continues to fire on all cylinders. DAI lending has always been lucrative yet it appears that the deposit rates will only go higher from here on out. It is uncanny how stablecoins can yield extremely high interest rates in DeFi. The DeFi Interest Rates Continue to […]
Stablecoins continue to generate a fair few headlines. Binance has indicated it aims to launch potentially multiple of those currencies in the coming years. Before the company can do so, it needs regulatory approval. Another Stablecoin Enters the Market Regarding its USD-backed stablecoin, that approval is now in the pocket. […]
The year 2019 is slowly becoming the era of stablecoins. It appears a new type of currency will be issued in the Tezos blockchain, called USDTZ. The demand for stablecoins is not slowing down in the cryptocurrency industry. USDTZ is an Interesting Type of Stablecoin So far, not one project […]
Stablecoins have taken over a significant portion of the cryptocurrency landscape. The team behind Dai is looking to shake things up significantly, with a rather unexpected approach. Dai has quickly become a popular stablecoin, primarily due to some investment platforms offering very high interest rates. A new era for the […]
The current trend in the cryptocurrency industry comes in the form of stablecoins. Numerous projects pegging digital assets to fiat currencies have been launched in the past few years. So far, none of them has been able to compete with Tether. PegNet, on the other hand, works somewhat differently, but […]
As the Bitcoin price is seemingly intent on trending lower over the next few hours and days, there will be other markets reaping the benefits. Altcoins need to rise up in value to thwart Bitcoin’s gravitational pull. Most projects fail spectacularly in this regard, but there are always some exceptions […]
In the cryptocurrency industry, there are many different projects worth keeping an eye on. It also appears there may be a lot more stablecoins to be launched in the near future. Whether or not MUSD will be part of that equation, is difficult to predict. While it has an official […]
Every project active in the cryptocurrency and blockchain industry will be scrutinized sooner or later. In the case of Tether, there has been a fair amount of scrutiny at virtually every turn. Especially now that everyone’s favorite – or most-hated – stablecoin is migrating to even more blockchains, significant concerns […]
Given the market share stablecoins have accumulated in the cryptocurrency industry today, it is evident this form of money cannot be overlooked. When it comes to converting these stablecoins to traditional money, there are still plenty of hurdles to overcome. Stellar’s new SEP-6 standard may solve a lot of these […]
Stablecoins have cemented their place in the cryptocurrency industry. Despite some controversy surrounding some of these currencies, it seems there is still a growing demand for interoperable solutions. GoChain may have an interesting solution in this regard, as its GOST protocol proposal can introduce some powerful changes and improvements. Why […]
About a week ago, it became apparent Binance was in the process of issuing its own stablecoin. While not too much was known about the project at that time, it seems a lot of things have changed in a short amount of time. Some of the initial remarks are no […]
Stablecoins have begun playing an increasing role of importance in the cryptocurrrency world. That is only normal, as these digitized forms of fiat currency are easy to trade across the major exchanges. Binance has been working on its own stablecoin project for some time now, primarily because they want to […]