Stablecoin

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities.

Source: en.wikipedia.org

How a Stablecoin’s $48B Collapse Rippled Across Crypto
How a Stablecoin’s $48B Collapse Rippled Across Crypto
July 22, 2022  |  Cryptocurrency

A Citi analyst said on July 21 that the contagion from a depegged stablecoin spreading eight- and nine-figure losses through the crypto lending and exchange...

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Bitcoin’s Rebound — Dead Cat Bounce or Sign of 9 Lives?
Bitcoin’s Rebound — Dead Cat Bounce or Sign of 9 Lives?
July 22, 2022  |  Bitcoin

For the first time since mid-June, bitcoin is on track to close out a week without dipping below the psychologically vital $20,000 mark, and spent...

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Stablecoin Collapse Sent Voyager Digital and Celsius on Different Paths to Bankruptcy
Stablecoin Collapse Sent Voyager Digital and Celsius on Different Paths to Bankruptcy
July 14, 2022  |  Cryptocurrency

When Celsius Network became the second crypto lender to enter bankruptcy Wednesday (July 13) it looked from the surface like the last of the big...

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Crypto Regulation Weekly: BIS Says Crypto Must Fit Into Existing Regulatory Infrastructure
Crypto Regulation Weekly: BIS Says Crypto Must Fit Into Existing Regulatory Infrastructure
July 13, 2022  |  Cryptocurrency

A pair of international regulatory organizations have formally recommended that stablecoins be required to follow all existing international payment, clearing and settlement standards. Get the...

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Crypto-Themed Twinkies — the Only Sweet Spot in the Market Right Now?
Crypto-Themed Twinkies — the Only Sweet Spot in the Market Right Now?
July 13, 2022  |  Cryptocurrency

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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UK Treasury to Introduce Stablecoin Regulation Within Weeks
UK Treasury to Introduce Stablecoin Regulation Within Weeks
July 06, 2022  |  Cryptocurrency

The U.K. Treasury is planning legislation to establish a regulatory system for stablecoins, to come as early as August, Coindesk reported Wednesday (July 6). Get...

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CryptoRefills Adds EUROC Stablecoin Support
CryptoRefills Adds EUROC Stablecoin Support
June 30, 2022  |  Cryptocurrency

CryptoRefills announced Thursday (June 30) that it is adding Circle’s new euro-backed digital currency, EUROC, to its list of supported cryptocurrencies.  Get the Full Story...

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NY Community Bancorp to Be Custodian of Circle’s USDC Reserves
NY Community Bancorp to Be Custodian of Circle’s USDC Reserves
June 28, 2022  |  Cryptocurrency

Circle Internet Financial, which issues the stablecoin USD Coin, or USDC, Tuesday (June 28) announced a custody agreement under which New York Community Bancorp will...

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EU Reportedly Proposing Ban on Stablecoin Deposit Interest
EU Reportedly Proposing Ban on Stablecoin Deposit Interest
June 27, 2022  |  Cryptocurrency

The European Union will look into banning crypto platforms from charging interest on stablecoin deposits, said tweets from Patrick Hansen, head of strategy at Unstoppable...

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