MakerDAO votes to decrease GUSD held in DAI stablecoin reserve
MakerDAO could soon remove $390M of Gemini’s GUSD stablecoin from its reserves. The DAO is currently voting to decrease the maximum amount of GUSD held in Maker’s DAI stablecoin reserve…
Hong Kong-based First Digital launches new USD-backed stablecoin
First Digital’s stablecoin FDUSD will be pegged on the US dollar and regulated in Asia, the Hong Kong-based company said. All reserves will be held in segregated accounts at regulated…
Societe Generale’s Euro-pegged stablecoin launches on Ethereum
Key takeaways Society General has launched its Euro-pegged stablecoin on the Ethereum network. The stablecoin, EURCV, is available to investors onboarded by Societe Generale. The stablecoin is designed to bridge…
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…