Societe Generale’s crypto arm to launch Euro-pegged stablecoin

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Tether USDT supply reaches $80B for 1st time in almost a year

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BitMEX co-founder Arthur Hayes proposes Bitcoin-backed stablecoin ‘NakaDollar’

Ad BitMEX co-founder Arthur Hayes has proposed a Bitcoin-backed dollar-pegged stablecoin NakaDollar (NUSD) which would be backed by $1 Bitcoin and one inverse perpetual swap of BTC against USD. In a March 8 blog post, Hayes said the stablecoin would not rely on USD reserves or centralized entities like banks. Instead, the NUSD will be…

Traders turn to USDT as BUSD dominates heavily imbalanced Curve liquidity pool

Ad Curve pool’s Binance USD (BUSD) V2 pool is heavily imbalanced, with crypto traders showing preferences for Tether’s USDT. The BUSD V2 dashboard shows that the embattled stablecoin accounted for roughly 81% of the pool’s $12.85 million reserve, while USDT made up 4%. The other stablecoins in the pool — USD Coin (USDC) and DAI…

Tether reports $700M profit for Q4’22

Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 5 days ago

Coinbase asks users to convert their USDT to USDC for free

Coinbase is incentivizing its users to convert their Tether (USDT) holdings for USD Coin (USDC), according to a Dec. 8 blog post. Switch to a trusted stablecoin: USD Coin (USDC). Now convert Tether (USDT) to USDC with zero fees.https://t.co/OObSqNWdpj — Coinbase (@coinbase) December 8, 2022 According to the US-based exchange, recent events have shown that…

Tether launches CNH₮, a stablecoin pegged to Chinese Yuan

Tether, a leading provider of blockchain-based financial services, has launched an offshore Chinese Yuan-backed stablecoin. The new stablecoin, CNH₮, combines two of the world’s largest economies and makes it easier for users to transact with the Chinese Yuan (CNH) in a secure, digital form. With the launch of CNH₮, Tether continues to expand its suite…

Stablecoin usage remain high despite crypto winter

Reflexity Research cofounder Will Clemente tweeted on Dec. 5 that stablecoins were one of the few crypto use cases that have found product market fit despite the current market condition. Stablecoin aggregate volume reaches ATH Citing Glassnode data, Clemente said stablecoin’s growth was evident in several areas. This included the aggregate volume reaching an all-time…