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Stablecoins Under Scrutiny

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Time Stamp: July 1, 2023 9:36 AM - Modified On: July 1, 2023 - Published By:
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Republished By Plato

Amidst the market’s recovery from the recent onslaught of SEC crackdowns, rumors swirl over the potential targeting of stablecoins in their crosshairs. Such a move could have profound implications for cryptocurrency prices, making it crucial to gauge the likelihood of this scenario and the approach regulators might adopt. The largest stablecoins by market cap are Tether’s USDT and Circle’s USDC. Both are pegged to the US dollar and backed by various assets, typically highly liquid instruments like US Treasury bills. In theory, when someone wants to buy stablecoins from an

xBacked Launches xUSD, a 110% Over-Collateralised Stablecoin for Algorand Positioned to Transform the DeFi Realm

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Time Stamp: January 17, 2023 4:29 AM - Modified On: January 17, 2023 - Published By:
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MEDIA RELEASE xBacked is a permissionless over-collateralized stablecoin protocol built on Algorand that allows anyone to use cryptocurrency without the volatility xBacked's decentralised stablecoin xUSD is available now to be minted on the platform, and aims to maintain a stable value of $1 USD backed by assets in the basket Stability pool, on-chain governance and TGE (token generation event) will be available in the coming months 17 JANUARY 2023: Launching today, xBacked is set to raise the bar with its over-collateralized stablecoin, xUSD. Built on Algorand and backed by multiple

Learn & Earn, A New Way For Crypto Investment, Created by MoonWealth, Affiliated To Moonstake

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Time Stamp: November 1, 2022 11:07 AM - Modified On: November 1, 2022 - Published By:
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SINGAPORE, Nov 1, 2022 - (ACN Newswire) - Today, Moonstake is pleased to announce we are launching a crypto investment platform targeting the needs and demands of beginners called MoonWealth. It is a simple yet secure platform that allows anyone to get started with crypto investing with a peace of mind. MoonWealth was created with the mission to educate new investors about the advantages and risks of crypto investing, giving them the chance to make conscious financial decisions that grow their wealth. The crypto market has been and is continuing