Binance is trying its hand at decentralized stablecoin governance. The exchange joined the distributed oversight team that approves contracts and code changes on Equilibrium, a DeFi outfit behind the EOSDT stablecoin. EOSDT contracts hold nearly $10 million in collateral according to the Equilibrium website. Announced Friday, Binance now has oversight […]
Stablecoin
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Top Chinese political advisers have proposed a regional digital currency that would be backed by four major Asian currencies including the Japanese yen, Korean won, Hong Kong dollar and the yuan. The proposal unveiled Thursday describes the currency as a “stablecoin,” a term for cryptocurrencies designed to hold their value […]
The crypto loan startup Ledn, which primarily serves users in Latin America, is now offering USDC stablecoin savings accounts through a partnership with the lending and trading conglomerate Genesis. (Disclosure: Genesis is owned by CoinDesk’s parent company, Digital Currency Group.) Genesis VP of Originations Matt Ballensweig said in a statement […]
The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin. Most of the stablecoin […]
VT’s overall poor relationship with the Trump presidency has moved up a notch. The report Trump is referencing went, not unnoticed, but rather totally censored in the Western press, as has so much else until VT sought out the facts and published them. Now, for the second time, Trump has […]
It’s Star Wars Day! May the Fourth (Be With You) is a cheeky holiday to celebrate all things Star Wars, whether that’s by watching the movies again, playing trivia, or even just wearing your favorite T-shirt. We’ve got news of new content and Baby Yoda toys are finally here (remember […]