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Stablecoins

Facebook’s Diem Expected to Launch Stablecoin Pilot in 2021

  • While there was no confirmed date for the launch of the pilot, sources have said it will involve a single stablecoin tied to the U.S. dollar.
  • The pilot is expected to be a small-scale one, mainly focusing on payments between individual consumers.

Signature Bank Becomes Circle’s Banking Partner

  • With the partnership, Signature will become one of the leading financial institutions to hold billions of USDC reserve funds.
  • By integrating with Signature's Signet payments platform, Circle is opening the door to future integrations of products and services within the bank.

GMO Trust Selects Zero Hash For Yen-Backed Stablecoin Settlement

  • Zero Hash's settlement network will now support GMO Trust's dollar and yen backed stablecoins, GYEN and ZUSD.
  • The partnership aims to eliminate the typical bottlenecks for cross-border JPY transfers and settlements.

Tether to Launch on Polkadot, Kusama

  • USDT will first become available on the Kusama network, which allows developers to test new apps and blockchains before launching them on Polkadot.
  • Once launched, USDT will become the "first ever" stablecoin to be made available on the Polkadot's multi-chain network.

Circle Enables Seamless International Payments Using USDC

  • Circle builds upon the existing financial system by allowing its users to interact with stablecoins.
  • The platform uses USDC to transfer value, and settles the transactions in fiat currencies.

USDT Stablecoin Launches on Solana

  • Solana claims to be able to offer USDT users "speeds greater than 50,000 transactions per second", with transaction fees lower than $0.00001.
  • The new integration promises to support a wide range of projects in the Defi, blockchain gaming, and Web 3.0 spaces.

European Central Bank Wants Stablecoin Veto Power

  • The European Central Bank also wants stablecoin issuers to meet the same "rigorous liquidity requirements" as banks.
  • The central bank has urged the EU to ensure its ruling be made binding on all national authorities in the Euro Zone.

Bitfinex, Tether to Cease Operations in NY, Pay $18.5M Fine

  • After settling with the Office of the New York Attorney General, Bitfinex and Tether were ordered to introduce transparency measures.
  • Alongside a hefty fine, the companies will have to ensure the OAG that their corporate and client accounts remain segregated.

BadgerDAO Launches CLAWS, a Stablecoin With Expiration Date

  • Users will be able to earn multiple forms of yield by using CLAWS as the base asset.
  • The newly launched yield dollar can be collateralized with bBadger and wBTC/ETH SLP and is set to expire at $1.

Diem Stablecoin Partners With Fireblocks & First

  • The rebranded Libra network partnered with enterprise-grade digital payment platforms ahead of its Q1 launch.
  • First and Fireblocks will provide Diem with a secure wallet and infrastructure to boost institutional adoption.