Browsing: stablecoin

Stable has announced the launch of its public testnet for its stablecoin public blockchain. This development aims to enhance the testing and validation processes for the blockchain. The testnet allows developers and users to interact…

Stablecoin payment company Zynk has successfully closed a $5 million seed funding round, with Hivemind Capital leading the investment. This funding marks a significant milestone for Zynk as it aims to enhance its operations and… (via Bpaynews real-time desk)

Balancer hack A recent hack involving Balancer has led to significant repercussions, causing the stablecoin XUSD to lose its peg. The incident highlights vulnerabilities in decentralized finance systems. Following the hack, users and investors expressed…

The stablecoin XUSD has significantly deviated from its peg, experiencing a notable decrease of 22.6% within a 24-hour period. This sharp decline raises concerns about its stability and the underlying factors contributing to this shift.…

Stablecoin developer Standard Money has successfully completed an $8 million funding round, with Yzi Labs serving as the lead investor. This recent funding aims to bolster Standard Money’s operations and enhance its stablecoin offerings. The… (via Bpaynews real-time desk)

Stablecoin developer Standard Money has secured $8 million to facilitate the rollout of its mainnet. This funding aims to enhance the company’s operational capabilities and support its growth strategy. Standard Money is focused on creating…

Hong Kong stablecoin Standard Chartered’s CEO considers Hong Kong’s stablecoin crucial for international trade settlement, highlighting its potential impact on global commerce. The CEO emphasized that stablecoins can enhance efficiency and reduce costs in cross-border…

Hong Kong stablecoin Standard Chartered’s CEO believes that Hong Kong’s stablecoin is crucial for enhancing international trade settlement processes. The CEO noted the potential of such digital currencies in improving efficiency and reducing transaction costs…

ZEROBASE Stablecoin APY The ZEROBASE stablecoin has achieved an annual percentage yield (APY) of 12%, while the Syrup USDC pool has recorded an APY of 7.07%. These developments indicate growing interest in on-chain yield opportunities.…

Eddie Yue stated that licenses for stablecoin issuers will not be granted for speculative or investment purposes. Instead, approvals will be reserved for applicants demonstrating a strong, legitimate use case. Yue emphasized the need for… (via Bpaynews real-time desk)