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Tag Archives: Stablecoin

Top Crypto Exchange Binance Adds Circle’s USD Coin in Latest Stablecoin Support Move

Major cryptocurrency exchange Binance announced it would list Circle’s USD-pegged stablecoin USD Coin (USDC) in a blog post Nov. 15, with deposits opening immediately. USDC, which the financial services company announced in May this year and released in September, is one of an increasing number of cryptocurrencies notionally tied 1:1 with a major fiat currency. Binance is not the first ...

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Mobile Messaging Giant Kakao and Stablecoin Project Terra Have Partnered in Blockchain Payment System

Kakao Corp, the major internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter’s blockchain-based payment system, local news outlet The Korea Times reported Nov. 14. The new partnership agreement is to apply the former’s blockchain platform technology Klaytn, the brainchild of ...

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Swiss Crypto Firm Gets Islamic Finance Certification for Sharia-Compliant Stablecoin

Switzerland-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin, Reuters U.K. reports Nov. 12. SRB is a leading Sharia consultancy and audit firm licensed by the central bank of Bahrain. It reportedly has a presence in twelve countries, and holds the market share of over 13 percent of Saudi Investment ...

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Russia’s Stablecoin to Replicate Ruble in the Digital World

The Chairman of Russia’s Duma Committee has revealed the country’s plans to launch a stablecoin. Read more Markets pieces here.  Chairman Anatoly Aksakov of Russia’s Duma Committee on Financial Markets has revealed the country’s plans to launch a state-backed stablecoin that will see it have a one-to-one exchange of the Russian Ruble. Dubbed the “crypto ruble” Chairman Aksakov revealed to state-operated ...

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Havven Launching First Decentralised Multicurrency Stablecoin

Twitter Facebook LinkedIn This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. This month, Havven will launch the first decentralised stablecoin system in a variety of currencies all backed by a single cryptoasset collateral pool. The first batch of currencies released includes ...

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Russian Stablecoin Would Be Equivalent to Fiat Ruble in ‘Digital Space’

The chairman of Russia’s State Duma Committee on Financial Markets has said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble in a digital space, state-operated Russian news agency RIA Novosti reported Nov. 7. Chairman Anatoly Aksakov said that the “crypto ruble,” which may appear after the adoption of laws regulating the cryptocurrency industry in ...

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More Crypto Exchanges Now Support Circle’s Stablecoin USD Coin

Twitter Facebook LinkedIn USD Coin has been in the spotlight of late and the reasons should not be far-fetched for anyone who has been following proceedings in the crypto ecosystem of late. In less than a month, the company rose in value and notched the 58th position of top cryptocurrencies, according to data on CoinMarketCap. More overwhelming is the circulating ...

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Stablecoin? USD-Backed Crypto Token Tether Falls 5% [Again]

Twitter Facebook LinkedIn Tether, or USDT, is supposed to remain “tethered” to the US Dollar, as its name implies. That’s its whole purpose as a token: it exists on exchanges as a way for traders get their profits to safety, in a sense, so they have some idea of the real fiat value of their portfolio. It was originally created ...

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Russian State Duma Committee Considers Launch of Central Bank-Issued Stablecoin

The chairman of Russia’s State Duma Committee on Financial Markets has claimed that the entity is considering the launch of state-backed cryptocurrency pegged to the Russian ruble, Russian radio news station Govorit Moskva reported Friday, Nov. 2. Speaking at a press conference on the increase of the household debt load, Chairman Anatoly Aksakov expressed his confidence that the government will ...

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Controversial Stablecoin Tether Confirms New Banking Partner Deltec After Weeks of Rumors

The issuer of cryptographic stablecoin Tether (USDT) announced it had found a new banking partner in a statement Nov. 1, confirming rumors it would use Bahamas-based Deltec Bank & Trust. Tether, which had suffered from mixed publicity after allegations it had parted ways with previous financial institution Noble Bank, also noted in the statement that its full money supply was ...

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