4 Million Dai Stablecoins Minted with wBTC; DeFi Gains A Boost from Bitcoin’s Liquidity

MakerDao, Ethereum's largest DeFi, has facilitated the minting of over 4 million Dai stablecoins based on its newly added synthetic Bitcoin, wBTC. This transaction was initiated by Nexo, a crypto lending platform, on May 20.

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Tron’s New DeFi Initiative JUST

TRON has just launched a new DeFi platform known simply as JUST, which operates similarly to the MakerDAO in that stablecoins are issued when a user locks up native tokens in the smart contract—in this case, TRX coins.

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MakerDAO founder: Govts need not be ultimate judge on regulating stablecoins

The cryptocurrency industry has immensely grown in terms of popularity over the years, along with which the regulations surrounding the same have also witnessed a change. Regulators from all around thThe post MakerDAO founder: Govts need not be ultimate judge on regulating stablecoins appeared first on AMBCrypto.

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Binance upgrades first stablecoin thanks to Quantstamp audit

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceQuantstamp, a Y Combinator-backed blockchain security company, recently completed the audit of cryptocurrency exchange Binance’s GBP-backed stablecoin, Binance GBP (BGBP).

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Two Percent Of All Ether Now Locked In Maker Contracts

The amount of Ether (ETH) stored in Maker contracts has reached unprecedented levels, with nearly 2% of the entire ETH supply now locked into the ecosystem. Rising demand for DAI stablecoins has seen MakerDAO’s collateral quintuple in the past seven months.

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Ethereum Crash Drives Growth of MakerDAO and DAI

MakerDAO, a crypto collateral platform, has revealed that its blockchain network and stablecoin have directly benefited from Ethereum’s extended price crash, which has been ongoing for the past several months and shows little sign of letting up.

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How MakerDAO’s Decentralized DAI Stablecoin Token Looks to Oust the Controversial Tether (USDT)

The previous year has been marked by a lot of things, including high-profile crypto exchange hacks, two market crashes, a year-long bear market, and of course — stablecoins. 2018 has been quite an eventful year for fiat pegged coins, which started emerging due to high volatility of regular cryptocurrencies. The most popular stablecoin, Tether (USTD) […]

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MakerDAO Founder Says Stablecoins Are “The True Key to Unlocking the Great Potential of Blockchain”

The price of digital assets can swing wildly in either direction – no questions about it. However, this year has mostly seen a bear market with the majority of coins down by more than 70 percent from their peak value.

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Bitfinex Gives Tether Competition, Adds Four of Market’s Top Stablecoins

Cryptocurrency exchanges Bitfinex and Ethfinex now support trading for all six of the market’s major stablecoins. Adding to its support for MakerDao’s Dai and Tether’s USDT, the sister platforms recently listed USD Coin (USDC), TrueUSD (TUSD), Paxos Standard Token (PAX) and Gemini USD (GUSD).

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Stablecoin overview: A condensed version

MakerDAO explains the meaning and mechanisms behind stablecoins on the CoinMarketCap blog.

The post Stablecoin overview: A condensed version appeared first on CoinMarketCap.

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Crypto Exchange Cobinhood Announced Support for Four New Stablecoins

Cryptocurrency exchange Cobinhood recently announced that it had added four new stablecoins to its platform. These coins include Gemini Dollar (GUSD), Paxos Standard Token (PAX), TrueUSD (TUSD) and MakerDao (DAI).

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MakerDAO Introduces New Collateral Interface

MakerDAO has introduced a new CDP Portal, which serves as a simplified and streamlined interface that allows users to generate their own collateralized Dai stablecoins. The news was announced in a recent Medium post that details the portal’s many features.

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With New Exchange Listings and Demand, New Stablecoins See Pegs Broken

Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs.

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As Tether’s Peg Slips, Bitcoin Price Is Distorted Across Market

Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.

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Circle’s USDC Stablecoin Begins Trading

Boston-based cryptocurrency finance firm Circle has just joined the multitudes of other crypto exchange platforms now issuing and trading their own stablecoins. As of September 26, 2018, dollar-pegged USDC is now trading on Poloniex, the crypto-to-crypto exchange Circle acquired in February 2018, and on Circle Trade, the company’s over-the-counter (OTC) platform.

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Andressen Horowitz Invests $15 Million into Stablecoin Company MakerDAO

As established venture capital funds look with intent at the lucrative cryptocurrency space, stablecoin startups are seemingly catching their attention as the investment avenue of choice after crypto-exchanges and wallets services.

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Investment Firm a16z crypto Purchases $15 Million In MKR Tokens

MakerDAO ain’t like all the other stablecoins out there, apparently.

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Crypto Fund a16z Buys Up $15 Million Worth of MakerDAO’s MKR Stablecoins

Andreessen Horowitz’s specialized cryptocurrency and blockchain fund a16z crypto has purchased six percent of MakerDAO’s total MKR token supply for $15 million, the company announced in a September 24 press release.

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Wyre Adds MakerDAO Stablecoin Pairing for Global Money Transfers

Blockchain money transfer company Wyre has announced a partnership with MakerDAO, creator of the Dai stablecoin, to offer Dai as part of a fiat-crypto trading pair in more than 30 countries across the world including the U.

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What Is MakerDAO? An Interview with Rune Christensen

MakerDAO is a stability platform comprised of a stablecoin, a governance coin, and a decentralized governance model. Stablecoins are a potential solution to the volatility of cryptocurrencies, allowing for wider adoption.

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