TrueUSD the first USD-backed stablecoin to use Chainlink ‘Proof of Reserve’ to mint
TrueUSD will use Chainlink Proof of Reserve (PoR) in minting the TUSD stablecoin. It is the first stablecoin to use Chainlink PoR in controlling the minting process. The PoR will…
Binance CEO says the stablecoin landscape is shifting
The market cap of Binance USD (USD) stablecoin has declined by $2.45 billion. Over $2.37 billion has moved from BUSD to Tether (USDT). USD Coin (USDC) has also seen its…
Aave deploys GHO stablecoin on Ethereum’s Goerli testnet
Aave has joined the space of DeFi protocols that have released their own native stablecoins. The GHO stablecoin is not live on Ethereum’s testnet. The GHO mainnet is however yet…
Fantom to release version 2 of fUSD stablecoin
fUSD v2 will allow for an on-chain fee system and help unlock Fantom to further institutional adoption. The migration to fUSD v2 will allow for a predictable, budget-friendly on-chain fee…
Stablecoin legislation may come this year, Bitwise exec says
Bitwise Chief Compliance Officer Kathrine Dowling is optimistic on stablecoin regulation in the US in 2023. According to Dowling, stablecoins will the first to be regulatory as what needs to…
National Australia Bank creates stablecoin backed by Australian dollar
The Australian stablecoin will be called AUDN. It will be backed one-for-one by the Australian dollar. Users will be able to settle transactions using blockchain technology using the stablecoin. Despite…
Iran and Russia are working on gold-backed stablecoin: report
Iran and Russia are reportedly eyeing a new stablecoin for cross-border trade, including in the Astrakhan special economic zone. The stablecoin will be backed by gold, according to local Russian…
Waves planning to launch new stablecoin amid USDN crisis
Waves-backed stablecoin Neutrino USD (USDN) lost its dollar peg and is currently trading at $0.5411. The new stablecoin will be undepeggable. A USDN situation resolution plan will be set in…
TrueUSD Launches TCNH, a TRON-Based Stablecoin Pegged to Offshore Chinese Yuan
San Francisco, United States, 15th December, 2022, Chainwire We are thrilled to announce that the TrueUSD team is launching a new product called TCNH, which is a stablecoin pegged to…
Circle plan to go public is cancelled. What does it mean for stablecoin market?
Key Takeaways Circle, issuer of USDC, has cancelled a plan to go public in a $9 billion deal Public listing could have presented USDC as the anti-Tether, pushing a fully…