This Nigerian Crypto Exchange Valued At $50 Million Is Raising Suspicions, Here’s Why

Nigerian crypto exchange Patricia has raised suspicions following its newly launched Patricia Stablecoin labeled PTK and its unilateral decision to convert users’ funds to its stablecoin without its users’ consent. дальше »

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Binance Set to Wind Down Support for BUSD: A New Stablecoin Ahead?

Binance reveals plans to phase out support for its BUSD, urging users to shift their holdings by February 2024. дальше »

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Binance to halt BUSD support due to legal issues

On Aug. 30, Binance informed users via its in-app notification about its intended discontinuation of the BUSD stablecoin support in early 2024. Binance intends to cease support for the BUSD stablecoin. дальше »

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Circle introduces stablecoin USDC in Chile following a strategic partnership

Circle has announced an innovative cooperation with renowned e-commerce platform Mercado Libre in a strategic deal to transform the digital payments sector. Meanwhile, the collaboration will introduce the well-known stablecoin, USD Coin (USDC), to users of Mercado Libre’s subsidiary Mercado Pago. дальше »

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BlockFi files to be allowed to convert users’ trade-only assets into stablecoins

BlockFi is requesting to convert the assets to Gemini Dollar (GUSD) or another stablecoin The motion has been backed by the court-recognized BlockFi creditors’ committee. BlockFi started the process of returning users’ funds on August 16 after the court allowed the corporation to open withdrawals. дальше »

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Colombian peso-backed stablecoin debuts on Polygon with yield benefits

Num Finance launches nCOP, a Colombian Peso-pegged stablecoin on Polygon, offering users an 8% yield and promising a fresh take on remittances in Latin America. Num Finance, a Latin America-based stablecoins issuer, has introduced its latest stablecoin, nCOP. This new… дальше »

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PayPal’s Trojan Horse: Why PYUSD Poses Risks for Crypto

PayPal’s recent launch of its PYUSD stablecoin has alarmed many in the cryptocurrency community. At first glance, PYUSD may seem like PayPal embracing decentralized finance. But further analysis reveals PYUSD’s design systematically enriches PayPal at the expense of users and the crypto ethos. дальше »

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PayPal Reinvents Itself With A Cryptocurrency Hub On The Wave Of Launching A Dollar-Backed Stablecoin

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RUNE Beyond Swaps: THORChain Introduces New Lending Protocol

In a recent development, THORChain (RUNE), the liquidity network, has unveiled its lending feature, enabling users to leverage their native Layer-1 (L1) assets, such as Bitcoin (BTC) and Ethereum (ETH), to secure loans denominated in TOR, a USD equivalent stablecoin. дальше »

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Curve Finance to reimburse users, another DeFi hack, and ConsenSys launches L2: Finance Redefined

The DeFi ecosystem had another exploit of over $2 million on a stablecoin liquidity pool this past week, just weeks after the Curve Finance exploit. дальше »

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Singapore pushes into crypto regulation with new stablecoin framework

The central bank would label these crypto tokens as MAS-regulated stablecoins. This way users would be able to distinguish these coins from non-regulated stablecoins. Singapore’s central bThe post Singapore pushes into crypto regulation with new stablecoin framework appeared first on AMBCrypto. дальше »

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PayPal Is Rolling Out A Feature To Allow Users Convert PYUSD To Bitcoin And Other Crypto

PayPal, which recently launched its stablecoin, just announced they’re rolling out a new feature that will allow users to seamlessly convert PYUSD and other crypto assets. The payments giant just launched a Cryptocurrency Hub service that will allow for the sale and purchase of crypto and other functionalities through PayPal and PYUSD.  Introducing The Cryptocurrency […] дальше »

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PayPal discreetly launches crypto hub for selected users

PayPal’s introduction of a Crypto Hub and the launch of its stablecoin, PYUSD, mark a significant step in the cryptocurrency space. PayPal, a California-based fintech company, unveiled its new crypto hub on Aug. 7. It allows users to engage in… дальше »

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Huobi to launch PayPal’s stablecoin trading

Huobi will launch a trading pair with PayPal’s stablecoin PYUSD, backed by the US dollar, with a perpetual zero trading fee. Huobi users will be able to trade PYUSD/USDT. The announcement highlights that the exact date of pair launch will depend… дальше »

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PayPal USD Debut: Why Its New Stablecoin Is Triggering Apprehension

PayPal has concluded an extended period of careful consideration, advancement, and setbacks to unveil its newly established stablecoin tied to the US dollar. The stablecoin, called PayPal USD (PYUSD), facilitates users in engaging in activities such as “purchasing, vending, retaining, and transferring” the token using the payment processor’s interface. дальше »

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Huobi's Stablecoin Reserves Down 30% Amid Reports of Executive Arrests

Data from Nansen.ai shows that users have withdrawn $44.8 million in stablecoins during the last week. дальше »

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‘Historic week’ as stablecoin, self-custody bills advance to House floor

The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets. дальше »

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Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly

Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD. дальше »

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Cardano stablecoin DJED de-pegs after failure to maintain reserve ratio

Cardano-based stablecoin Djed (launched in January 2023) is causing issues associated with de-pegging. Moreover, users are encountering token un-minting challenges. Djed has de-pegged on all Cardano decentralized exchanges (DEXs) as its reserve ratio plunges beneath desired levels. дальше »

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Coinbase raises USDC rewards to 4% amid SEC regulatory scrutiny

San Francisco-based crypto exchange Coinbase has raised its reward rates for USD Coin (USDC), a stablecoin tied to the US dollar. Users can now earn a 4% annual percentage yield (APY) on their USDC holdings. дальше »

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TrueUSD pauses minting of TUSD via Prime Trust, stablecoin briefly depegs

In a June 10 post on its verified Twitter account, TrueUSD informed its users that the minting of TUSD tokens via Prime Trust has been temporarily paused until further notice дальше »

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ERD team unveils innovative decentralized lending platform and USDE stablecoin at EDCON 2023

Stablecoins are cryptocurrencies that afford users the low-fee transactions of cryptocurrencies while enjoying the stability that characterizes fiat currencies such as the US Dollar. However, the challenge has been maintaining price stability and decentralization. дальше »

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ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023

At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. дальше »

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Circle And Arbitrum Launch Native USDC: What You Need To Know

Circle, a leading digital currency company, has launched a new version of its USDC stablecoin on the Arbitrum network. The new native version of USDC is set to replace the Ethereum-bridged version of USDC that has been circulating until now and is expected to provide a range of benefits for users and ecosystem partners. The […] дальше »

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Euro coin (EUROC) now live on the Avalanche blockchain

Stablecoin issuer Circle has introduced euro coin (EUROC) on the Avalanche network, marking the second blockchain to support the asset. EUROC, backed by the euro at a 1-1 ratio, offers developers another avenue to serve users through integration into decentralized applications (dApps).. дальше »

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Tether Stablecoin Added to Strike Payment App as Regulators’ Vendetta Grinds On

Tether and the payment app Strike are working in conjunction. With Strike's addition of Tether to its app, users in a growing number of jurisdictions will be able to use the USDT stablecoin as a method of payment. дальше »

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Strike integrates Tether’s USDT for payments

Digital payments platform Strike has integrated dollar-pegged stablecoin Tether’s USDT into its platform. According to a May 22 press statement shared with CryptoSlate, the integration aims to enable fast, safe, and efficient payments for Strike users and further increase the use and adoption of USDT. дальше »

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Stablecoin survival: Navigating the future amid global de-dollarization

The stablecoins with the largest market cap are pegged to the U.S. dollar, so what risk does de-dollarization pose to stablecoin users? дальше »

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XT.COM Adds Ougon Zakura FT (OZFT) to its Main Zone, Pioneering Gold-Backed Stablecoin Trading

Singapore-based trading platform, XT.COM, has revealed via an official announcement the listing of Ougon Zakura FT (OZFT), a gold-pegged stablecoin, in its Main zone. The OZFT/USDT trading pair was made available for trading on May 16, 2023, opening up new opportunities for users seeking a blend of stability and convenience. Following the listing of Ougon […] дальше »

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Federal Reserve's FedNow will integrate with Metal Blockchain

The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.

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Binance USD losing ground: Users shift away as key metrics decline

BUSD's usage and interaction have declined, as seen by Glassnode's data and CryptoQuant's metrics. Despite its decline, BUSD remains the third-largest stablecoin by market cap. The decline oThe post Binance USD losing ground: Users shift away as key metrics decline appeared first on AMBCrypto. дальше »

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AAVE remains unaffected amid exploit FUD but bears could be around the corner

Aave and Yearn Finance exploit leads to losses as glitch facilitated excess stablecoin minting. AAVE bulls prevail but their dominance might be short-lived as whales sell. Aave users were hiThe post AAVE remains unaffected amid exploit FUD but bears could be around the corner appeared first on AMBCrypto. дальше »

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Research: TRON and gold-backed stablecoins poised for growth as Ethereum activity shrinks

As stablecoin activity on Ethereum takes a hit, a new player emerges to change the game. In this exclusive Alpha article, we dive into the current state of the stablecoin market and reveal the unexpected winner that's gaining traction among users. дальше »

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The Standard - A Decentralized Stablecoin Protocol

Joshua Scigala is founder of The Standard - a decentralized stablecoin protocol that enables users to lock up crypto and or physical gold to generate fiat pegged stablecoins. дальше »

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How Davos Protocol Will Offer Users An Innovative Liquid Staking Solution

Davos Protocol is a low-risk, yield-generating, stable asset-driven DeFi ecosystem that addresses the issues of transparency, capital inefficiencies and increasing centralization currently prevalent in the stablecoin space. дальше »

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XRP Gains New TUSD Trading Pair on Binance as Platform Replaces BUSD

Binance is set to launch six new TUSD trading pairs on March 29 with zero maker fees to entice users, following the replacement of its BUSD stablecoin дальше »

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New USDT Integration Allows Telegram Users To Send Crypto In Chat

The messaging app Telegram has added support for the stablecoin giant USDT on its wallet bot, according to a CoinDesk report. With this integration, users can now buy and sell USDT directly within the app, expanding the app’s cryptocurrency capabilities. дальше »

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DAI-stressed MakerDAO struggles as users look toward other stablecoins

MakerDAO has seen a decline in TVL, DAI's supply, and annualized fee income in the last week.  MKR shed 25% of its value during the same period. While its DAI stablecoin regained its parityThe post DAI-stressed MakerDAO struggles as users look toward other stablecoins appeared first on AMBCrypto. дальше »

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MakerDAO: How RWA holdings contributed to profits amidst stablecoin saga

MakerDAO's RWA holdings led to profits amid stablecoin market issues. Protocol maintains stability but faces a decline in unique users. The stablecoin market faced a significant challenge asThe post MakerDAO: How RWA holdings contributed to profits amidst stablecoin saga appeared first on AMBCrypto. дальше »

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USDC Is In Trouble, But It Won’t Go To Zero Like UST Did – Here’s Why

USDC, the stablecoin tracing the USD, is under immense pressure as users rush to convert to other assets, including BUSD by Paxos and USDT by Tether Holdings. USDC Has De-pegged As USDC’s market cap rapidly shrinks, primarily because of mass exits, there has been a de-peg. дальше »

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Giddy Wallet Announces First-Ever Autogas Feature for Polygon

Giddy is introducing the ability to pay for gas with USDC stablecoin or the GIDDY token on Polygon for wallet users. Gas can also still be paid with MATIC. дальше »

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TRON [TRX] overtakes ETH in this metric, but troubles manifest

Stablecoin adoption in retail payment has been increasing in the TRON network. Monthly active users increased, but TVL registered a decline. On 26 February, TRON [TRX] overtook Ethereum [ETHThe post TRON [TRX] overtakes ETH in this metric, but troubles manifest appeared first on AMBCrypto. дальше »

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Binance denies users were affected by alleged $1.8B stablecoin collateral transfer

Binance denied on February 27 that its alleged decision to transfer $1. 8 billion of stablecoin collateral to hedge funds had any impact on user holdings. The post Binance denies users were affected by alleged $1. дальше »

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Scammer steals $2m user funds from Hope Finance

Arbitrum-based stablecoin was compromised by a well-orchestrated smart contract scam leading to users losing about $2 million from their accounts. дальше »

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USDC outperforms USDT? Key insights on Stablecoin market domination

USDC captures 44% of the stablecoin market share, outperforming USDT. Coinbase users convert large amounts of USDC into fiat. Stablecoins have been gaining popularity in recent years, as theThe post USDC outperforms USDT? Key insights on Stablecoin market domination appeared first on AMBCrypto. дальше »

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MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault

In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle’s USD Coin (USDC) in a Yearn Finance yield-generating account called a “vault. дальше »

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Cardano Djed Builder Unveils Launch Date for Highly Anticipated Stablecoin

Shahaf Bar-Geffen, COTI's network CEO, told users to get ready for Djed launch дальше »

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Cardano DEX, Djed Stablecoin Builder Hint at Major Announcement

Users took turns trying to guess what big announcement it is дальше »

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Polygon: The flow of stablecoins into the network could impact MATIC in this way

The Polygon network observed a surge in stablecoin flow, impacting DeFi positively. The upcoming hardfork could reduce gas fees for users. The flow of stablecoins surged onThe post Polygon: The flow of stablecoins into the network could impact MATIC in this way appeared first on AMBCrypto. дальше »

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Crypto.com Delists Tether’s USDT Stablecoin for Canadian Users

The move comes after the Canadian Securities Administrators committed to stronger oversight over crypto exchanges following FTX’s collapse. дальше »

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