Stablecoins, Explained
They have been touted as the silver bullet for eliminating crypto price volatility. But what are stablecoins, how do they work, and what are their downsides? Go to Source Powered by WPeMatico
Stablecoin
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Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers
Tether does not have the fiat reserves to back its tokens, lawyers say Go to Source Powered by WPeMatico
MakerDAO CTO Departs, Points to Internal Conflicts
The company behind the decentralized algorithmic Ethereum-based stablecoin DAI has recently seen the departure of its CTO, Andy Milenius Go to Source Powered by WPeMatico
Ontology to Launch Regulated USD-Backed Stablecoin PAX on its Blockchain
A new version of the USD-backed stablecoin Paxos Standard will be launched on the enterprise blockchain platform Ontology Go to Source Powered by WPeMatico
Mutual Owners, Mutual Funds: What We Know About the Bitfinex/Tether Scandal
Both Bitfinex and Tether are in deep trouble due to allegedly misusing funds — learn more about one of the biggest crypto scandals of 2019 Go to Source Powered by WPeMatico
NYAG Accusations ‘Filled With Inaccuracies,’ Says Bitfinex Letter to Users
The allegations made by the New York Attorney General about Bitfinex are “filled with inaccuracies and false assertions,” the exchange claimed in a recent letter to users Go to Source Powered by WPeMatico
Samsung Joins Corporate Giants Reportedly Eyeing Bespoke Crypto
Unconfirmed reports indicate that Samsung might be preparing to roll out its own blockchain mainnet as well as a “Samsung Coin” cryptocurrency token Go to Source Powered by WPeMatico
Two Bitfinex Shareholders Say They’re Unconcerned by Insolvency Allegations
Two shareholders of the exchange said they are not concerned by the recent allegations of Bifinex’s insolvency Go to Source Powered by WPeMatico
4 Stablecoins Worth Checking out as the Tether Drama Unfolds
With all of the alleged Bitfinex – Tether controversy making the rounds once again, the dire need for alternative stablecoins is highlighted. Luckily for traders, numerous of those currencies exist already, albeit none of them seem capable of even rivaling USDT in terms of market cap. Depending on how the Tether situation plays out – … Read more
DAI Has Been Struggling to Maintain Its $1 Peg, but the MakerDAO Community Believes It Will Soon Be Crypto’s ‘Default’ Stablecoin
Ether and instability: What MakerDAO needs to do before DAI can become crypto’s “default” stablecoin. Go to Source Powered by WPeMatico
