2019-12-13 22:02 |
Christine Lagarde says financial institutions should foresee the demand for stablecoins
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The first and foremost point we learn about the money is that it belongs to the government institutions. They print the money and we spend as the payments and use it as a store of value. This phenomenon was there for more than a decade or two, but things started moving resentfully when someone promulgated The post Stablecoins : Killer application of blockchain appeared first on ItsBlockchain.
2019-10-10 12:23 | |
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Cryptocurrency adoption has seen a significant boost in 2019, where major financial institutions like Wells Fargo, JP Morgan, and ING have either tested their stablecoin or are pondering over launching one.
2019-10-6 00:16 | |
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The commotion around Libra and other stablecoins has caught the attention of a lot of regulators from across the world. The idea of a virtual asset backed by a fiat currency to facilitate payments has taken flight among several mainstream financial institutions, including the likes of JPMorgan.
2019-10-5 23:30 | |
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Tether [USDT] has established itself as the most widely used stablecoin across the cryptosphere. However, several institutions in the recent past have made their entry into the world of cryptocurrencies through stablecoins, hoping to displace USDT.
2019-10-2 09:30 | |
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Many regulators and heads of financial institutions have expressed concern over cryptocurrencies and their use. Crypto assets come with many challenges that place financial institutions in an awkward position as far as dealing with digital assets goes.
2019-9-7 19:21 | |
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Last summer, Stronghold went live with its Stellar-based stablecoin. Like most stablecoins, Stronghold USD is backed by real assets and tied to the value of the U. S. Dollar. However, unlike its competitors, Stronghold isn’t targeted at the general public.
2019-7-21 18:12 | |
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As Bitcoin rises and falls without warning over the past six months, investors, institutions, and crypto-enthusiasts are turning to less volatile digital coin alternatives. The digital currency shifting how we view cryptocurrency and the utility of blockchain are called stablecoins.
2019-7-10 11:46 | |
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BabelFinance, a bank offering service to crypto-investors, crypto-miners and institutions related to crypto, is in the news after it announced that it had issued crypto-backed loans worth $110 million, out of which $88 million were outstanding loans.
2019-6-13 14:30 | |
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Since the start of 2019, stablecoins have found a new level of importance following the involvement of major financial and non-financial institutions such as JP Morgan Chase and Facebook. Justin Sun, CEO of TRON Foundation, had also spoken highly about the significance of stablecoins on various occasions and despite the Tether-Bitfinex fiasco, the popularity of […] The post DAI stablecoin recorded growth rate of approximately 20% per month in 2019, claims Maker Dao report appeared first on AMBCrypto.
2019-6-10 15:30 | |
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Another Look at Stablecoins When cryptocurrencies like Bitcoin were first hitting the digital world from their respective white papers, we were residing in a time of financial turmoil. With the financial crash of 2008/9 destroying (for many) the trust of the people in major banking institutions.
2019-6-3 09:15 | |
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By CCN: USAA and State Farm have reportedly closed a deal that will see them using the blockchain to pay each other. So when two people get in an accident, and they’re represented by either of the companies, the company that has to pay will eventually be using a blockchain solution to settle the inter-company payment.
2019-6-1 15:40 | |
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David Gokhshtein, the founder of Gokhshtein Magazine and vocal XRP supporter, thinks Ripple is placing themselves in the perfect position to infiltrate the global financial system. Banks around the world are toying with the idea of creating their own cryptocurrencies.
2019-5-21 09:59 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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Blockstream's Liquid Network has expanded to include 14 new members. With these additions, Liquid’s client base now boasts 35 institutions. The company also announced that Liquid is now available on Bitfinex and RenrenBit, a crypto finance app.
2019-5-8 18:47 | |
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IBM’s Jesse Lund has hinted that bank-targeted stablecoins will be a major development for the tech giant’s blockchain cross-border payments solution
2019-3-15 14:20 | |
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Blockchain analysis firm Chainalysis has completed a $30 million Series B round led by American VC firm Accel and Benchmark, who led the startup's Series A funding in April 2018.
2019-2-15 19:41 | |
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CoinSpeaker BitGo Banks on Stablecoins in a Bid to Win Over More Institutions BitGo recently added the Gemini Dollar (GUSD) to its list of stablecoin offering citing huge demand from institutional players.
2018-11-16 10:41 | |
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BitGo now supports over 100 assets, including new stablecoin offerings, as it works to offer a wide spectrum of services for institutional investors.
2018-11-15 16:59 | |
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In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets.
2018-10-31 16:50 | |
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Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.
2018-10-25 20:58 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.
2018-9-16 18:41 | |
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BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.
2018-9-14 20:01 | |
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University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.
2018-9-13 18:07 | |
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Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
2018-7-18 22:00 | |
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In June, Christine Lagarde said a potential MiCA II framework “should regulate the activities of crypto-asset staking and lending, which are definitely increasing.”
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.”
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency.
Facebook could leverage its social media platform to block out competitors, according to Christine Lagarde.
Christine Lagarde, head of the IMF, encouraged the exploration of central bank digital currencies in a speech on Wednesday.