2023-11-11 21:29 |
The proposed stablecoin, which tokenizes ownership of Treasuries, mentions BlackRock, Circle, Fireblocks and Coinfirm as "institutional partners."
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
Quick Take With the aggregate valuation of the top five stablecoins – USDT, USDC, BUSD, DAI, and Tron – currently amounting to approximately $120 billion, stablecoins have become major holders of US Treasuries.
2023-10-18 17:05 | |
|
|
PayPal has announced the launch of its stablecoin PYUSD, backed by the US dollar and short-term treasuries, in partnership with Paxos. The post PayPal Announce Launch of Its Stablecoin PYUSD in Partnership With Paxos appeared first on BeInCrypto.
2023-8-7 17:55 | |
|
|
According to a press release, payment company PayPal launched a U.S.-backed stablecoin called PayPal USD (PYUSD). The digital asset is supported by short-term US treasuries and their cash equivalents, and other assets in the nascent sector, such as Tether (USDT) and USD Coin (USDC), are redeemable on a 1:1 parity for its underlying. Related Reading: […]
2023-8-7 16:52 | |
|
|
Tether's operational profits soared past $1 billion in Q2 2023. The report also revealed treasuries worth $72.5 billion backing the USDT stablecoin. Tether, the issuer of the USDT stablecoinThe post Tether reports profit worth $850 million in Q2 2023 appeared first on AMBCrypto.
2023-8-1 16:30 | |
|
|
Circle CEO Jeremy Allaire said in a statement to Politico on May 10 that his stablecoin firm no longer holds long-term U. S. Treasuries. Specifically, Circle does not hold Treasuries that mature later than June 2023.
2023-5-11 01:37 | |
|
|
Maple’s new lending pool offers accredited investors, crypto firms and DAO treasuries a way to earn yield on their idle stablecoin holdings by investing in one-month U.S. Treasury bills.
2023-4-20 23:05 | |
|
|
Decentralized investment platform, Ondo Finance, announced the launch of a tokenized fund, that will allow stablecoin holders to invest in US Treasuries and bonds.
2023-1-11 18:15 | |
|
|
MakerDAO has initiated an investment, where $500 million of the funds that are collateralizing the Dai (DAI/USD) stablecoin will be relocated to US Treasuries and corporate bonds, with the main goal of providing the protocol with an additional yield at low risk.
2022-10-8 12:48 | |
|
|
DeFi pioneer MakerDAO will be converting as much as $500 million worth of its DAI stablecoin to use for investing in treasuries and bonds. The post MakerDAO DeFi Platform Dips Into TradFi With $500M Investment in Bonds and Treasuries appeared first on BeInCrypto.
2022-10-7 07:50 | |
|
|
$500 million of the funds currently collateralizing the Dai stablecoin will be reallocated to U.S. Treasurys and corporate bonds in an effort to provide the protocol low-risk additional yield.
2022-10-8 04:56 | |
|
|
From September this year, USDC stablecoin will be 100% backed by cash and short-term US government treasuries. This is according to the Centre Consortium, the organization that manages the cryptocurrency, which is backed by Circle Financial And Coinbase.
2021-8-24 19:17 | |
|
|
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 | |
|
|
| Analogue Notcoin - TapSwap |
Private credit has been at the forefront of crypto's asset tokenization trend with over $600 million outstanding on-chain assets.
BlackRock's first tokenized offering, created with Securitize, has captured almost 30% of the $1.3 billion tokenized Treasury market in just six weeks.
On-chain real-world assets and the integration of wallet infrastructure will replace intermediaries and become standard in the modern asset management lifecycle, says Mehdi Brahimi, head of institutional business at L1.
Investors will be able to take out crypto loans by pledging TrueFi's U.S. Treasury bill tokens, with plans to expand collateral to other types of tokenized RWAs, according to the proposal.
"This is the latest progression of our digital assets strategy," said Robert Mitchnick, BlackRock’s Head of Digital Assets.
Meld, which is in partnership with the layer-1 blockchain of the same name, signed an initial agreement with DeFi platform Swarm Markets, which started a real-world asset platform in December.
The fund was seeded with $100 million in USDC stablecoin using the Ethereum network, blockchain data shows.