Browsing: stablecoin

USDJ operations JUST DAO has announced the cessation of operations for USDJ, its original stablecoin. The organization has upgraded its stablecoin system to the $TRX Fixed Rate Model. This change reflects a significant shift in… (via Bpaynews real-time desk)

Ride-hailing company Grab has announced a partnership with StraitsX to explore the development of a Web3 wallet and a stablecoin-based settlement layer. This initiative aims to enhance Grab’s payment capabilities within the digital economy. The… (via Bpaynews real-time desk)

Hourglass has announced the initiation of an overfunding refund for its stablecoin pre-purchase phase 2. This decision comes as part of their ongoing efforts to manage the funding process effectively. The company aims to ensure…

Figment, OpenTrade, and Crypto.com have introduced a stablecoin yield product that offers a 15% return specifically designed for institutional investors. This new offering aims to attract institutions looking for stable and high-yield investment opportunities in…

stablecoin run The President of the Dutch Central Bank has stated that a significant run on stablecoins could compel the European Central Bank to modify its interest rates. This statement highlights the potential risks associated…

An official from the European Central Bank has indicated that a run on stablecoins could necessitate adjustments to the ECB’s monetary policy rate path. The warning highlights potential risks associated with the growing popularity of…

stablecoin’s true intent A recent analysis identifies six key indicators that can clarify the true intent behind stablecoins amidst significant market hype. The cryptocurrency market has seen a surge in interest surrounding stablecoins, yet skepticism… (via Bpaynews real-time desk)

Takadao has successfully completed a $1.5 million seed funding round and introduced LifeCard, a product designed for stablecoin users. The funding will support the development and expansion of LifeCard, which aims to enhance the user… (via Bpaynews real-time desk)

Yala’s stablecoin, YU, has depegged from its intended value and has dropped to $0.47. This significant decline raises concerns among investors and users of the cryptocurrency. Stablecoins are typically designed to maintain a stable value,…

Yala has acknowledged the community’s concerns regarding the stablecoin YU and is currently conducting an investigation. The company has taken note of the issues raised by stakeholders. In response to these concerns, Yala is actively…