Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’

Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months, Bloomberg reported on June 5. Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two,” with the goal to make stablecoins available for more of the world’s currencies. The exchange’s […]

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MakerDAO: Proposal to Lower DAI Stability Fee by 2% Executed

The decision to lower the so-called stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin DAI by 2% has been executed on May 28. The original vote for Maker (MKR) token holders was announced on the organization’s blog on May 17, with a proposal to decrease the stability fee by 2% to 17.5% per year. According to the announcement, the need to decrease the […]

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Why Facebook’s Foray into Crypto Could be Fruitless

Mainstream media was abuzz last week with the news that Facebook has plans to launch its own digital token, ‘GlobalCoin’. This highlights the ignorance that big news outlets have, as Facebook really is ill-suited to have anything close to what we consider cryptocurrency. Cryptocurrency by nature is a mathematically secure, disruptive peer to peer technology designed to act as a […]

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Coinbase Now Supports Another Stablecoin, MakerDAO’s Dai

Major cryptocurrency platform Coinbase now supports stablecoin Dai (DAI), according to an official press release on May 23. Coinbase says that the token can be purchased and sold, sent and received, and converted or stored in most jurisdictions on its platform, with the exception of New York, for now. DAI is designed to maintain a 1:1 value with the U.S. […]

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Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). The company reported the update in a blog post published on May 17. USD Coin is an Ethereum-based token compliant with the ERC20 standard that was first announced in May last year and released in September. Per this week’s announcement, the audit of the coin’s […]

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European Central Bank: Crypto Does Not Have Tangible Impact on Real Economy

The European Central Bank (ECB) stated that cryptocurrencies do not have implications on monetary policy or factor into the real economy in a May report. In the report dubbed “Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures,” ECB looks into the potential impact of digital currencies on economic developments and monetary policy. The bank specifically states […]

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Binance may be developing a stablecoin behind closed doors

Binance’s CEO, Changpeng Zhao, might have hinted at a stablecoin being under development, on Twitter. A Twitter user, @CryptosBatman, tweeted, “If #Binance decides to issue their own stable coin, it will become one of the biggest tokens on the Binance Chain and increase the network usage and the utility for $BNB a lot. Major projects have already launched their own […]

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Inside the StableCoin Focused Blockchain Laboratory – Brought to you by: Platinum, Q DAO Engineering

What is USDQ? What is Q DAO? I-Chan Huang is a highly experienced consultant for blockchain technologies and decentralized ecosystems. He currently acts as an advisor in Q DAO project. Products of the project are unique fully decentralized stablecoins (USDQ, CNYQ, JPYQ, KRWQ) backed by Bitcoin. I-Chan has two prestigious degrees – MA of Economics, SOAS University of London, and […]

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