DJED Stablecoin Attracts 27M ADA as Reserve
The Cardano-backed stablecoin, DJED, was recently launched in the market. Within a short time period, it accumulated a backing ratio of 600% from ADA. DJED...
Tag : stablecoin
Cardano Stablecoin (Djed) Will Be Released Next Week
The COTI network announced on January 25th the long-awaited launch date of the “Djed” overcollateralized Cardano stablecoin....
Everything to Know About Cardano’s Algorithmic Stablecoin DJED
According to COTI, an issuer of stablecoin, Cardano’s (ADA) first very own algorithmic stablecoin, known as DJED, will be released on the mainnet of the...
Media Attacks Tether of Rising Loan Risk; Tether Hits Back
The Wall Street Journal (WSJ) released an article on December 1 accusing the tether stablecoin’s developer company of increasingly leasing its coins to clients rather...
Tether USDT To Be Available Across 24,000 ATMs in Brazil
The issuing company of the world’s largest stablecoin by market cap, Tether, announced that it would make USDT accessible across 24,000 ATMs in Brazil, starting...
Polkadot-based aUSD Stablecoin fell by 99% After Hackers Issued 1.2 Billion Tokens
Acala has become the most recent Defi protocol to come under attack, as hackers issued 1.2 billion aUSD on August 14 and saw a 99%...
Stablecoin Rules must be Implemented With Urgency, According to the European Central Bank
In light of the rapid expansion of the stablecoin market, the European Central Bank recently indicated that additional regulatory supervision of stablecoins must be put...
Checkout.com Becomes the First PSP to Offer 24/7 Stablecoin Settlement
Checkout.com, a global payment processor, has introduced a new stablecoin settlement system that will allow merchants to receive crypto payments from their customers in real-time,...
Japan Passes Bill Clarifying Legal Status of Stablecoins
Japan has enacted a significant bill defining the legal status of stablecoins, leapfrogging other nations in the rush to establish safety nets around the tokens...
Stablecoins Fail to Meet Requirements for Massive Use, Bank of England Says
As a result of the recent TerraUSD crash, which dropped to zero over the course of many days, sliding below parity, a Bank of England...