In this article we take a look at TiedCoin – a stablecoin fully collateralized by Euro and Yen coming from Japan with the promise of instant liquidity.
Following the 2016 cyber attack on top cryptocurrency exchange – Bitfinex, that brought about its loss of $700 million Customer funds. The number one Asian crypto trading platform claims to have relinquished part of its loan from Tether.
Per the report, Facebook and dozens of its partners will unveil the Libra Association, which will be based out of Geneva, as the entity that will oversee the company’s Libra cryptocurrency project. During the event, the company is also expected to launch the testnet of its blockchain.
SIX is going to create its own Swiss franc-pegged stablecoin that will help to facilitate transactions on the SIX Digital Exchange (SDX).
Basis, a stablecoin project, that raised $133 million this April, is shutting down its operation and returning money to investors.
Today Freewallet is listing a group of new stablecoins, joining them with USDT and DAI on Multiwallet.
Japanese IT firm GMO has confirmed that it plans to launch a stablecoin pegged to the Japanese Yen. This comes at a strategic time, where the stablecoin craze has never been bigger.
PwC said that its partnership will provide for more transparency and value substantiation, and enhance investors’ trust in the cryptocurrency stablecoin market.
Swiss crypto startup Eidoo will tie cryptocurrency to the price of actual gold, seeking to create a trustful and more stable ecosystem.
The prominent future behind the blockchain technology has encourage the government of the Chinese city of Hangzhou to finance a yen-backed stablecoin project.