stablecoin

Coinbase announced the launch of USDC Rewards program, under which eligible US customers will be able to earn 1.25% APY rewards on every USD Coin they hold on the exchange.

Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra.

Mark Zuckerberg has made it clear that Facebook will not launch its Libra crypto until all the regulators have been brought on board and every regulatory issue resolved satisfactorily.

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.