stable currencies
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The Future of Stable Currency: The Case for Digitizing the US Dollar
According to reports, Jeremy Allaire, the CEO of Circle, stated that the United States must implement stable currency legislation and digitize the US dollar (USD) to alleviate the
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Blockchain Interoperability: Datachain’s Successful Experiment with Cross-Chain Settlement
On April 27, it was reported that Datachain, a blockchain interoperability start-up, had completed the commercialization experiment of cross chain settlement of digital securities
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Stable Currencies Continue to Gain Popularity in the Market
According to reports, Patrick Hansen, the EU policy leader of Circle, tweeted that even in the current market environment, the trading volume of stable currencies looks incredibly
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Overview of the House Financial Services Committee Hearing on Stable Currency
On April 20th, it was reported that during the hearing of the House Financial Services Committee on the stable currency held on Wednesday, there were disagreements between Democrat
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The US House Subcommittee will hold a hearing on stable currency on April 19th
According to reports, the House Subcommittee on Digital Assets, Financial Technology, Inclusion, and Capital Markets has arranged hearings to discuss stable currencies. This subcom
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Regulating Stable Currencies: What Bank of England Governor Bailey’s Remarks Mean
According to reports, Bank of England Governor Bailey stated that stable currencies need to be regulated like internal currencies.
Bank of England Governor: Stable currencies need -
Euro Tether and Tether Gold now available on StealthEX
According to reports, on April 11th, Tether announced that Euro Tether (EUR T) and Tether Gold (XAUT) had been launched on the trading platform StealthEX, allowing users to purchas
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How CBDCs Can Coexist with Bitcoin and Asset-Backed Stable Currencies
According to reports, when asked how CBDCs issued by potential countries will coexist with Bitcoin or asset backed stable currencies, Katie Fortune, head of CBDC at the Bank of Eng
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Future of Stable Currencies: Predictions for 2030
According to reports, at the World of Networks (WOW) Summit held in Hong Kong, digital regulatory professionals predicted that stable currencies would be widely used worldwide by 2
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USDT’s market share rose to 57.5%, hitting a new high since June 2021
On March 29, according to a stable currency report released by CryptoCompare, as of March 20, 2023, the total market value of stable currencies fell 1.34% to $133 billion, the lowe
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Creating Stable Currencies: Why Coinbase’s Focus on Resisting Inflation is Vital
According to reports, Coinbase, the US cryptocurrency exchange, encourages developers working on its new blockchain to focus on creating stable currencies that resist inflation. Co
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Nimiq Integrates Gas Abstract USDC Transactions for Polygon Users
According to reports, Nimiq, a self hosted wallet, is integrating Gas Abstract USDC transactions into its native wallet for Polygon users, making it easier for users to process sta
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Metatime raises $11 million in seed funds for its upcoming Türkiye cryptocurrency exchange: A new player enters the market
It is reported that Metatime, Türkiye\’s cryptocurrency exchange that has not yet started, has raised $11 million in seed funds. Türkiye investment company Yildiz Tekno GSYO and sev
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Steady Decline in USDC Balance in Smart Money Wallets
It is reported that according to Nansen’s data, the total balance of USDC in the address of “smart money” wallet is about 485 million dollars in 1396 wallets, down from 700 million dollars in 1455 wallets a month ago and 1.02 billion dollars in 1478 wallets a year ago. At the same time, the proportion of smart money in all stable currencies has dropped to 21%. At the beginning of this year, this proportion was close to 30%, and reached a record high of 38% at the end of August 2022. Data: The total position of USDC with smart money and active wallet addresses has reached a low point in several months Analysis based on this information:The message reports a steady decline in the total balance of USDC in smart money wallets. Nansen’s data reveals that the balance has dropped to about $485 million in 1396 wallets, a decrease from $700 million in 1455 wallets a month earlier and a…
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The Importance of User Demand in Cryptocurrency Trading
It is reported that the community user @ IvanonTech asked Coin Security to delete all stable currencies and use ETH/BTC for cryptocurrency transactions. CZ, the CEO of Coin Security, responded that Coin Security is a market that provides transactions for users. If there is no transaction volume, the transaction pairs will be deleted, but other methods will not be used to delete the transaction pairs, such as not deleting the transaction pairs because the transaction volume is reduced, In fact, transaction pair deletion is determined by the user. CZ responded to the community’s request to delete all stable currencies: the user decides Analysis based on this information:The recent request made by community user @IvanonTech to delete all stable currencies and use ETH/BTC for cryptocurrency transactions has sparked a debate about the role of user demand in the world of cryptocurrency trading. In response to this request, CZ, the CEO of Coin Security, stated that the platform is a market that…
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Binance Considers Other Stable Currencies Apart from BUSD
On March 8, CZ, the founder of Binance, said in the AMA that Binance had not obtained any additional benefits from BUSD, and was currently considering stable c…
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Aave Community Votes for BUSD Exit Plan
On March 8, the Aave community\’s ARFC proposal on \”BUSD Off-shelf Plan\” has been voted (ARFC proposal is usually considered as \”temperature check\”), and has re…
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Binance Boosts TUSD Growth with $130 Million Injection
On March 1, CZ said in its response to the data analysis on its social platform that \”in the past seven days, Binance has minted TUSD with a value of 130 milli…
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SEC’s Lawsuit Against Terraform Labs Could Set a Precedent to Ban Stable Currencies, Says Delphi Labs General Counsel
It is reported that Gabriel Shapiro, the general counsel of Delphi Labs, said on Twitter that the lawsuit of the United States Securities and Exchange Commissi…
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The Significance of Stable Currencies in Crypto Markets
On February 14, CZ said in a speech on Binance\’s official Twitter Space that the stable currency is still very important at this stage, and most people still n…