Crypto exchange Bitfinex has introduced margin trading for stablecoin Tether, and plans to add support for other stablecoin pairings. Hong Kong-based cryptocurrency exchange Bitfinex has introduced margin trading for stablecoin Tether (USDT), according to a blog post published Dec. 21. Bitfinex has launched margin trading for the USDT/USD pair, which would purportedly lead to more… Continue reading Bitfinex Crypto Exchange Launches Margin Trading for Stablecoin Tether
Category: Stablecoin
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Major Stablecoin Basis to Close, Return Funds to Investors: Sources
Major algorithmic stablecoin Basis, which raised $133 million in April, is shutting down and returning funds, say anonymous sources. Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news outlet The Block reports today, Dec. 12. Citing “multiple people with direct knowledge of the situation,”… Continue reading Major Stablecoin Basis to Close, Return Funds to Investors: Sources
Binance Renames Its USDT Market to Combined Stablecoin Market
Binance has announced it is renaming and expanding its USDT market to USDⓈ, which will support more stablecoins. Major cryptocurrency exchange Binance has renamed its Tether (USDT) Market to be a combined Stablecoin Market (USDⓈ), according to an announcement published Nov. 26. This will purportedly allow the exchange to support more trading pairs of stablecoins.… Continue reading Binance Renames Its USDT Market to Combined Stablecoin Market
Coinbase and Circle Launch USDC Stablecoin With Purported Full Backing in US Dollars
Crypto exchange Coinbase has launched the USDC stablecoin, which is fully collateralized by U.S. dollars and available for trading. Major U.S. cryptocurrency exchange Coinbase has launched the USD Coin stablecoin (USDC), making it the first stablecoin for trade on the platform, Cointelegraph learned at the Money 20/20 conference Oct. 23. The underlying technology behind USDC… Continue reading Coinbase and Circle Launch USDC Stablecoin With Purported Full Backing in US Dollars
Swiss-Based Asset Management Firm to Introduce Metals-Backed Cryptocurrency
Swiss commodities management company Tiberius Group AG is going to introduce a digital currency backed by metals. Switzerland-based asset management company Tiberius Group AG is going to introduce a cryptocurrency backed by metals, Bloomberg reported September 27. Founded in 2005 as a commodities asset management firm, Tiberius Group manages around $350 million in assets. The… Continue reading Swiss-Based Asset Management Firm to Introduce Metals-Backed Cryptocurrency
Andreessen Horowitz Invests $15 Million in Stablecoin Firm MakerDAO
Andreessen Horowitz via its investment fund a16z has acquired 6 percent of the total MakerDAO token supply. American venture capital fund Andreessen Horowitz has invested $15 million into blockchain startup MakerDAO (MKR), according to an announcement published September 24. MakerDAO is the firm which stands behind Ethereum-based stablecoin Dai (DAI) and its accompanying decentralized credit… Continue reading Andreessen Horowitz Invests $15 Million in Stablecoin Firm MakerDAO