Trump Advisor and Former Fed Nominee Launches Fractional Reserve Stablecoin

Trump Advisor and Former Fed Nominee Launches Fractional Reserve Stablecoin
фото показано с : btcmanager.com

2019-10-22 13:37

Stephen Moore, Trump’s initial nominee for the post of Federal Reserve Chairman and close campaign advisor, has announced his latest venture – Frax – that runs a U. S. dollar stablecoin.

Unlike USDC, DAI, and Paxos, which are all fully backed by dollar reserves, Frax aims to maintain its peg by loaning out a portion ofRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\.

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reserve stablecoin trump nominee advisor frax dollar

Источник: btcmanager.com

reserve stablecoin → Результатов: 54


Facebook’s Libra could give birth to a ‘shadow banking’ system, claims United States’ Federal Advisory Council

At this month’s Federal Advisory Council meeting, the United States’ biggest banks (including CEOs Rene Jones of M&T Bank Corp. , Beth Mooney of KeyCorp, and Brian Moynihan of Bank of America Corp) were asked by the Federal Reserve about their thoughts on Libra, the stablecoin proposed by social media giant Facebook.

2019-10-2 18:45


Фото:

Op Ed: A Summary of

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.

2019-5-18 22:14


Huobi Partners With Reserve For New Token Sale: A Stablecoin For Venezuela

Huobi Prime has unveiled the third project on its premium token sale platform, a stablecoin project with ambitions to become a universal store of value and “the future of money”. Reserve, an algorithmic stablecoin initiative and payments network for emerging markets, will launch its protocol token, known as Reserve Rights (RSR) on Huobi Prime by […] The post Huobi Partners With Reserve For New Token Sale: A Stablecoin For Venezuela appeared first on Crypto Briefing.

2019-5-13 19:59


Фото:

Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30


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