Stablecoins

European Central Bank Warns Facebook's Libra has a Deceiving Image

European Central Bank Warns Facebook’s Libra has a Deceiving Image

  • Yves Mersch warned that the new stablecoin could affect the banks' ability to set monetary policies.
  • He also warned that the stablecoin is highly centralized and accountable to shareholders.
Binance Reveals All New Stablecoin Initiative

Binance Reveals All New Stablecoin Initiative

  • The exchange will provide technical support, compliance risk control system and multi-dimensional cooperation network to build Venus.
  • Binance Co-Founder commented on the project, cementing the importance of stablecoins.
Philippines-Based UnionBank has Launched a New Stablecoin

Philippines-Based UnionBank has Launched a New Stablecoin

  • The new PHX stablecoin is pegged to the Philippine peso, backed by reserves from UnionBank, and implemented on the bank's i2i platform.
  • Three rural banks have already successfully used PHX for transactions, such as buy, transfer, redemption transactions and domestic remittances, on the i2i network.
Huobi's Stablecoin Sees a Successful Launch and 30 Million USD in Trading Volume

Huobi’s Stablecoin Sees a Successful Launch and 30 Million USD in Trading Volume

  • Starting today, HUSD is a separate token, rather than a virtual encapsulation of stablecoins on Huobi.
  • The trading volume of the token is already impressive, and likely to grow as Huobi has introduced 0-fee trading for it.
The White Paper of Facebook's Libra Cryptocurrency has been Released

The White Paper of Facebook’s Libra Cryptocurrency has been Released

  • The new cryptocurrency will run on its own native and scalable Libra Blockchain, and will be backed by a basket of fiat currencies and government securities.
  • An independent consortium, dubbed Libra Association, which is backed by some of the biggest names in the tech industry, has also been announced.
A Regulated, Bitcoin Cash-Based, USD-Backed Stablecoin Has Been Released

A Regulated, Bitcoin Cash-Based, USD-Backed Stablecoin Has Been Released

  • A new regulated stablecoin has been created, this time it uses the Bitcoin Cash blockchain as its host.
  • The backing technology is the Simple Ledger Protocol, also chosen by Alliance Cargo Direct and Liberland for their own respective tokens.
A one dollar bill

Tether Announces USDT on the EOS Blockchain

  • Tether is going to issue USDT tokens on the EOS blockchain.
  • Thanks to the high-speed nature of EOS, this new version of the stablecoin could become the most convenient one for traders.
Federal reserve of Cleveland Building

Tether May Not Be 100% Backed by Fiat as Suggested by its New Terms

Tether Limited has all but admitted that its dollar-pegged stablecoin is not always backed 100% by fiat...