USD Coin (USDC) issuer Circle has announced it will be launching a new stablecoin product, Euro Coin (EUROC). As the name suggests, ERUOC will be pegged to the value of EUR and redeemable at a 1:1 ratio at all times. The stablecoin will be fully backed by euro cash reserves.
TRON DAO Reserve is doing everything in its power to ensure the survival of its USDD stablecoin amid the bearish market conditions. Recall that USDD lost its $1 peg on Monday and slipped further away from its intended value in the following days. At its lowest point on Wednesday, USDD was changing hands at $0.958. The stablecoin has since recovered some of its value and is trading at $0.975 at press time.
Tether Limited, the issuer and operator of the world’s largest stablecoin Tether (USDT), has announced the expansion of its flagship stable digital currency to Tezos, a rapidly growing Proof-of-Stake (PoS) blockchain. With the launch on Tezos (XTZ), USDT will provide liquidity on 13 crypto networks, including Ethereum, Avalanche, and Bitcoin’s Omni layer, to name a few.
Circle – the operator and issuer of the world’s second largest stablecoin USD Coin – announced on Tuesday that the fintech company’s array of products and services, including Circle Account and Circle APIs, now support USDC on Polygon.
Geneva, Switzerland, 5th June, 2022 — TRON-based USDD has joined the league of global crypto titans, surpassing several significant milestones in less than one month since its May 5 launch. The blockchain industry’s most distinctive trait is constantly evolving and transforming traditional sectors rapidly, bringing revolutionary technologies to the world and financial markets worldwide. USDD…
Tether Operations Limited (“Tether”), the operator of the industry’s largest stablecoin by market cap, USDT, has announced the launch of their stable digital currency on Polygon, the leading Layer-2 Ethereum scaling solution.
One of the most interesting and potentially lucrative features of the Binance Futures platform–the so-called Multi-Assets mode–allows traders to share margin across USDT- and BUSD-margined contracts to lower their risk exposure and take advantage of trading fee discounts.
On Thursday, Tether Operations Limited, the company behind the leading stablecoin Tether (USDT), announced the launch of Tether MXNt (MXNT). According to the company’s press release, the new fiat-pegged stable digital currency was launched in response to a growing cryptocurrency usage across Latin America.
The European Commission, the leading executive branch of the European Union (EU), is considering putting severe restrictions on large market cap stablecoins. According to CoinDesk, which first reported the news, the EU officials are in favor of regulating the sector with strict measures.