Tag: Stablecoin

New data show how dominant Tether has become as a trading pair on crypto exchanges

New data show how dominant Tether has become as a trading pair on crypto exchanges

Bitcoin used to be far and away the most popular trading pair at crypto exchanges. These days, the distinction belongs to Tether. Around 70% of the trading volume at exchanges is now denominated in Tether, while 15% is denominated in bitcoin and another 4% is in other stablecoins.   In the first quarter of 2017, bitcoin […]

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Stellar blockchain will support USDC stablecoin starting next year

Stellar blockchain will support USDC stablecoin starting next year

USDC, the stablecoin developed by Centre, will launch on the Stellar blockchain in the first quarter of 2021, according to the firm. Today, USDC is supported by Ethereum and Algorand, the latter, in September, became the second blockchain to support the stablecoin.  “We value the increased interoperability and wide range of developers that the Stellar […]

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Report: G7 financial leaders say they will oppose Libra until it is ‘adequately’ regulated

Report: G7 financial leaders say they will oppose Libra until it is ‘adequately’ regulated

Financial leaders from the world’s seven largest economies (G7) will oppose the launch of Facebook’s Libra stablecoin until it is “adequately” regulated, according to a Reuters report published Monday.  Reuters reviewed a draft statement that had been prepared for a meeting of finance ministers and central bankers from the U.S., Canada, Japan, Germany, France, Italy […]

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DeFi Digest: Alpha Homora and Shell Protocol

DeFi Digest: Alpha Homora and Shell Protocol

Quick Take Disclaimer: The Block Research team has, is, and will be experimenting with the various protocols, projects, and applications mentioned in this series. The projects mentioned in our reports are not recommendations from our team and should not be misconstrued as investment advice. Many projects that appear in this series are highly experimental and, […]

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Cloudbet Launches Second Major Stablecoin With USDC

Cloudbet Launches Second Major Stablecoin With USDC

Cloudbet, the pioneering crypto sportsbook and casino, has added USD Coin to the portfolio of coins available to customers, marking the operator’s second major stablecoin integration after launching USD Tether in May.With the integration of USDC and USDT, Cloudbet now supports the biggest coins in the stablecoin universe, with a combined market value of US$18 […]

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Zilliqa Enters the DeFi Market, Launches Decentralized Exchange Zilswap

On Monday, October 5, Switcheo announced the launch of its new decentralized exchange Zilswap, powered by the Zilliqa blockchain network. The fully on-chain Zilswap DEX will help Zilliqa to set its footing is the rapidly growing decentralized finance (DeFi) market. Similar to Uniswap, the Zilswap DEX also uses an automated market maker (AMM) built atop […]

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Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B

Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B

2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top ten crypto coins. USDC is also the […]

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