Latest stablecoin News

Venezuela wants OPEC to accept the Petro as a unit of measurement for oil
Business 13 November 2018

Venezuela pushes for Petro as unit of measurement for oil

Despite not having a stable economy upon which to build its national cryptocurrency, it is working diligently to have Petro seen as a viable cryptocurrency – although most indications are that it will never truly get off the ground.

Russia Duma said to be considering launching stablecoin
Business 5 November 2018

Russia Duma said to be considering launching stablecoin

According to Russian media outlet, the state Duma’s Committee on Financial Markets announced that it is discussing creating a ruble-backed stablecoin in response to an increase in household debt.

Stablecoins are not cryptocurrencies, Japan’s FSA confirms
Business 31 October 2018

Stablecoins are not cryptocurrencies, Japan’s FSA confirms

The Financial Services Agency (FSA) has said that stablecoins are not virtual currencies under the definition provided in the Payment Services Act, in a statement that could have profound effects on how stablecoins are regulated in Japan.

Bitfinex denies insolvency allegations
Business 8 October 2018

Bitfinex denies insolvency allegations

Crypto exchange Bitfinex responds to rumors about its financial situation, showing it still has billions in cryptocurrency reserves.

Tether bank
Business 2 October 2018

Tether bank ‘desperate for cash’: report

The financial institution backing the stablecoin Tether is in dire need of funds, according to reports. And if it doesn’t get cash soon, Tether might be in unstable position.

Gemini custodian can reverse, alter transactions
Business 17 September 2018

Gemini custodian can reverse, alter transactions

A study on the Gemini dollar (GUSD) reviewed the stablecoin’s smart contract code in an effort to demonstrate that a GUSD implementation can become frozen or non-transferable without notice.

Gemini launches Ethereum-backed stablecoin
Business 11 September 2018

Gemini launches Ethereum-backed stablecoin

The Gemini cryptocurrency exchange announced yesterday that it plans on establishing a stablecoin built on the Ethereum blockchain and backed by the U.S. dollar.

Euro-backed ‘stablecoin’ EURS launched in Malta
Business 13 July 2018

Euro-backed ‘stablecoin’ EURS launched in Malta

Malta-based startup Stasis has announced the launch of a new stablecoin, backed pound for pound by the Euro, in one of the first cryptocurrencies of its kind to be pinned to a major global currency.

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