stable currency
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Understanding the Latest Trends in Stable Currency Supply
According to reports, according to the latest data from blockchain analysis company Glassnode, the supply of USDT has continued to rise since the FTX crash (reaching over $80 billi
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The Future of Finance: Understanding Redacted’s DINERO Stable Currency
On April 7th, Web3 infrastructure provider Redacted released a white paper on the excess collateral stable currency DINERO supported by ETH. Dinero is a currency experiment that in
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ANZ Bank Completes CBDC Trial Project in Australia with A $DC Stable Currency
According to reports, as part of the CBDC trial in Australia, ANZ Bank has confirmed that it has completed one of the projects. This use case involves using ANZ A $DC stable curren
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ANZ Bank Completes CBDC Trial in Australia: Using Stable Currency for Token-Based Carbon Credit Transactions
According to reports, as part of the CBDC trial in Australia, ANZ Bank has confirmed that it has completed one of the projects. This use case involves using ANZ A $DC stable curren
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Aave CEO Releases Update on Stable Currency GHO
On April 6th, it was announced that Stani Kulechov, founder and CEO of Aave, released an update on the progress of stable currency GHO: the code has been made public and the audit
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Japan approves Web3 white paper to promote industry development
According to reports, the Web3 project team of the ruling Liberal Democratic Party of Japan has approved a white paper outlining suggestions for developing Japan\’s internet industr
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After adjusting in March, the trading volume on the stable currency chain reached $823.2 billion, up 47.5%
According to reports, according to The Block Pro data, the stable currency on chain trading volume after adjustment in March increased to $823.2 billion, an increase of 47.5%; Howe
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BTG Pactual Launches Stable Currency BTG Dol on Mynt Platform
On April 4th, Brazilian investment bank BTG Pactual announced on Tuesday that it will launch a 1:1 anchored stable currency called \”BTG Dol\”. BTG Dol will launch the bank\’s encrypt
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Flex Yang Launches HOPE, a Distributed Stable Currency with Native Encrypted Assets as Reserves
On April 3rd, it was reported that former founder of Babel Finance, Flex Yang, launched a distributed stable currency HOPE with native encrypted assets as reserves. The Sepolia tes
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Aave V3 Exceeds $1 Billion Market Size Milestone on Ethereum Network
On April 1st, it was announced that the total market size of Aave V3 on Ethereum has now exceeded $1 billion. It was previously reported that on January 27, Aave V3 had been deploy
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The Fall of USDC: Understanding the Recent Large-Scale Redemptions
It is reported that as the market value of the stable currency USDC has fallen to about $32.5 billion, and has fallen by about $10 billion in the past two weeks, USDC continues to
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The Rise and Fall of USDC: Understanding Stable Currencies and the Current Market Situation
It is reported that as the market value of the stable currency USDC has fallen to about $32.5 billion, and has fallen by about $10 billion in the past two weeks, USDC continues to
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The Digital Assets Act of 2023: Protecting Consumers and Promoting Investments
According to reports, Australian Senator Andrew Bragg has submitted a private senator bill called the Digital Assets Act of 2023 to protect consumers and promote investors, includi
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Solana Stable Currency Project “Cashio App” Transferred 3000 ETHs to Tornado Cash
According to reports, according to PeckShield monitoring, the Solana ecological algorithm stable currency project Cashio App has transferred about 3000 ETHs (approximately $5.1 mil
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Centi Launches Stable Currency Linked to Swiss Franc with 1:1 Ratio
According to reports, Swiss payment startup Centi announced the launch of its stable currency linked to the Swiss franc, supported by a Swiss bank with a 1:1 ratio. Centi has devel
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An Overview of HOPE Stable Currency and Its Reserve Assets Requirements
On March 22nd, Flex Yang, the former founder of Babel Finance, stated in the AMA live broadcast that for reasons of trust, the stable reserve assets of stable currency HOPE will be
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Circle has destroyed approximately $12.2 billion of USDCs this month
On March 22, it was reported that even though Circle, the issuer of stable currency issued by USDC, withdrew its deposits trapped in a bank in Silicon Valley, customers continued t
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“Circle Applies for French Crypto Asset License: What It Means for Their European Growth Strategy”
It is reported that the stable currency issuer Circle has applied for a French crypto asset license as part of its European growth strategy. \”The Boston based company has applied t
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Mastercard Launches Stable Currency Digital Wallet in Partnership with Stables
According to reports, payment giant Mastercard is launching a stable currency digital wallet integrated with Australia\’s stable currency platform Stables. The two sides announced a
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Sovryn Launches 100% Bitcoin Supported Stable Currency
On March 17th, the Bitcoin based DeFi protocol, Sovryn, launched a 100% Bitcoin supported stable currency, Sovryn Dollar (DLLR), which is aggregated from other Bitcoin supported stable currencies and linked to the US dollar. DeFi Protocol Sovryn Launches Bitcoin Supported DLLR Analysis based on this information:The decentralized finance (DeFi) realm experienced a new development on March 17th with Sovryn launching its 100% Bitcoin supported stable currency, Sovryn Dollar (DLLR). This new stable currency is made possible through the aggregation of various other Bitcoin supported stable currencies and is pegged to the US dollar. This has various implications for Bitcoin and the broader DeFi space. Firstly, the creation of a stable currency that is entirely based on Bitcoin is an exciting development. Bitcoin has gained a reputation as a volatile asset, and this has limited its use in various financial applications. However, through embracing the DeFi space, Bitcoin has expanded its potential uses, and the creation of a stable currency based…