Circle announces new US dollar-pegged crypto, the USD Coin
Circle has created a new cryptocurrency—the USD Coin (USDC)—which is pegged to the US dollar and backed up by physical reserves of fiat held by company.
Latest stablecoins News
$1 billion fund founders to launch Japanese yen-pegged stablecoin
The founders of a $1 billion blockchain fund backed by the government of Hangzhou in China have announced plans for a new project that will launch a stablecoin backed by Japanese yen.
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
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
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.
Basis touts ‘stablecoin’—but on what basis?
Basis, a startup positioning their token as a stablecoin, has reportedly raised over $133 million from investors, and some are having none of it.