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A very peculiar trend has become a lot more apparent in the world of cryptocurrency as of late. The rise of stablecoins has been well-documented, yet it seems a lot more of these currencies are on the horizon. Reserve aims to be pegged to the US dollar and will offer some stiff competition to USDT … Read more
Tether has released a surprise “Transparency Update” that purports to show it has enough funds in the bank to cover the $2.6 billion of USDT in circulation. The company has stopped short of a full audit, however, leaving critics bemoaning Tether’s inability to settle the solvency debate once and for all. Also read: Major Korean Crypto … Read more
John McAfee’s decision to stop shilling ICOs as a regulatory day of reckoning draws near is the top item in today’s edition of Bitcoin in Brief. Additional stories include Bittorrent trying to reassure users it wont cryptojack them to mine tron, Binance’s latest venture in Malta, a tether replacement getting VC backing, and Paris Hilton’s dad … Read more
Tether is back in the news thanks to a new report alleging it played a pivotal role in bitcoin’s mega-bull run last year. This isn’t the first time the dollar-pegged stablecoin has been blamed for market manipulation, but is the most compelling evidence to date that 2017’s record highs may not have been entirely organic. … Read more
There is a fair amount of competition in the world of digital stablecoins right now. On the one hand, there’s Tether, with a somewhat dubious reputation in the eyes of most people. There’s also TrueUSD, which recently started gaining traction. It now seems Alchemint is preparing to issue a stablecoin based on NEO’s technology. Stablecoins … Read more
Bittrex has finally introduced fiat currency support. The US exchange, which was established in 2013, subsisted with tether as its USD surrogate until recently, before adding another stablecoin, TrueUSD, a couple of months ago. Around the same time, its CEO Bill Shihara revealed that the platform would be adding USD pairs and today they went … Read more
On Wednesday Trueusd, a stablecoin designed to be pegged to the US dollar, experienced a sudden bump in price after Binance announced support. The news caused Trueusd (TUSD) to rise by an unprecedented 40% before eventually subsiding. Trust Token, the coin’s developers, have now explained to news.Bitcoin.com how this sequence of events came to be. … Read more
As cryptocurrency works its way toward mass adoption, one of its biggest obstacles is volatility. Markets change overnight, and we’re so desensitized to it that we don’t even blink at dips that would bring national economies to their knees. Stablecoins – cryptocurrencies that are tied to existing currencies or commodities like the US dollar or gold – are fungible, easily … Read more
Stablecoins are an interesting addition to the world of digital currencies. These coins usually have their values pegged to tangible assets, such as natural reserves or fiat currencies. STASIS is now in the process of creating EURS, which is a stablecoin pegged to the euro. It’s an interesting idea, assuming there is a market for it … Read more
Circle has always been an intriguing company in the world of cryptocurrency. The firm makes it easier for consumers to invest in Bitcoin and altcoins through traditional payment methods. It now seems the company is looking to create its very own stablecoin, which is pegged to the US dollar. This currency will be known as … Read more
