Many stablecoins fall short of coming regulatory recommendations, says FSB chair

The BIS-affiliated advisory body will release its final recommendations on global crypto asset regulation and supervision in July.

wjb news   Mar 03, 2023

Terra co-founder in S.Korean crosshairs following Do Kwon arrest

Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse.

Arijit Sarkar   Jun 20, 2023

MakerDAO proposal seeks to hike DAI savings rate to 3.33%

The DAI savings rate was increased to 1% in December 2022, leading to 35 million DAI being deposited in a month, according to MakerDAO.

Brian Quarmby   Nov 17, 2023

Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD

The stablecoin pool ideally has a weightage comprising 33.3% of USDT, USDC and DAI; however, on June 15, the USDT weightage rose above 70%.

Prashant Jha   Nov 30, 2023

Paxos is engaged in ‘constructive discussions’ with SEC: Report

The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security.

wjb news   Mar 06, 2023

BUSD Market Cap Plunge Of 80% Raises Concerns Of Impending Collapse

The fate of Binance USD (BUSD), the stablecoin introduced by Binance, hangs in the balance as its market capitalization has experienced a significant decline of

Olowoporoku Adeniyi   Jun 25, 2023

Frax Finance to retire algorithmic backing amid stablecoin crackdown

The vote was passed to fully collateralize Frax Finance’s native stablecoin, phasing out its algorithmic backing.

wjb news   Mar 08, 2023

Curve DAO Notches 17% Climb As Native Stablecoin Gains Traction

So far, Curve DAO has been seeing enormous gains at the start of the month as CRVUSD, Curve’s native stablecoin, gains significant traction in users. According

Christian Encila   Jul 05, 2023

Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO

The Reserve team said the investment could allow for new features such as collateralized loans and wallet products.

Tom Blackstone   Dec 31, 2023

Crypto Shaken as SVB Risk Depegs Second-Largest Stablecoin

(Bloomberg) -- The fallout from the failure of Silicon Valley Bank reached further into crypto, unhinging a key cog in the market that’s meant to be among the safest digital assets in the space.Most Read from BloombergStartup Bank Had a Startup Bank RunSV

wjb news   Mar 12, 2023

Breaking: Tether Reports $700 Mn Profit In Q4, Eliminates Commercial Paper Exposure

Tether reports a $700 million profit in Q4 2022 and eliminates commercial paper exposure, says CTO Paolo Ardoino.

wjb news   Feb 10, 2023