Stablecoin Archives - TheCryptoUpdates

New Crypto Oversight Program by Fed Includes Guidelines for Stablecoin

Mridul Srivastava10/08/202310/08/2023

by Mridul Srivastava10/08/202310/08/20230

The US Federal Reserve introduces a supervisory program to closely oversee cryptocurrency activities within its jurisdiction, aiming to ensure financial stability and curb risks. Highlighting...

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The Evolution of Stablecoins: MUFG to Launch Blockchain-Based Progmat Coins

Mridul Srivastava03/06/2023

by Mridul Srivastava03/06/20230

In a bid to streamline digital transactions, Mitsubishi UFJ Financial Group (MUFG), Japan’s premier bank, has announced an ambitious plan to deploy Progmat Coins, its...

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Circle’s USD Coin Redemption Outpacing Purchases Despite Recovery

Mridul Srivastava21/03/202321/03/2023

by Mridul Srivastava21/03/202321/03/20230

Stablecoin issuer Circle is experiencing a significant redemption of its USD Coin (USDC). Customers redeemed $738.6 million on March 20, while the firm issued less...

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SEC takes Legal Action against Paxos over Binance Stablecoin

Mridul Srivastava13/02/202313/02/2023

by Mridul Srivastava13/02/202313/02/20230

The Securities and Exchange Commission (SEC) is reportedly planning to file a lawsuit against Paxos Trust Company, a New York-based crypto asset trust firm, over...

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Tether USD in 24,000 Brazilian ATMs from the 3rd of November

Mridul Srivastava22/10/2022

by Mridul Srivastava22/10/20220

Tether, the largest stablecoin by market value, announced on Thursday that it would make its USDT cryptocurrency accessible at more than 24,000 ATMs in Brazil....

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In the Wake of Bitcoin’s Drop Below $19,000, the Crypto Market Cap Surpasses $1 Trillion for the First Time

Mridul Srivastava07/09/2022

by Mridul Srivastava07/09/20220

In continuation of a downward trend in cryptocurrencies, Bitcoin fell below $19,000 on Saturday. During the last 24 hours, bitcoin has declined more than 9%...

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Peter Schiff Took A Dig at Terra Luna

Mridul Srivastava11/05/2022

by Mridul Srivastava11/05/20220

Renowned Bitcoin critic Peter Schiff took a dig at Terra and tweeted that Terra USD is supposed to be a stablecoin that trades at parity...

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USDC Issuer Circle to Raise $400 million

Mridul Srivastava13/04/2022

by Mridul Srivastava13/04/20220

Circle Internet Financial announced on Tuesday that it had entered into a $400 million funding agreement with a number of asset managers, including BlackRock Inc.,...

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Stablecoin USDC and BUSD Are Eating Into The Portion Of The Overall Industry Of Tether

Kshitij Chitransh01/08/2021

by Kshitij Chitransh01/08/20210

As the general cryptographic money market keeps on extending with more client interest, stablecoin suppliers have been contending to acquire a significant piece of the...

Stablecoin

Beginners Guide to TrueUSD Stablecoin

Jack17/09/202005/04/2023

by Jack17/09/202005/04/20230

The digital currencies or cryptocurrencies have continued gaining popularity over the years. However, their adoption has not been widespread due to their volatility. The unpredictable...