A stablecoin is a token in a blockchain whose value closely tracks the value of a well-trusted currency (money), like US dollars.
BIS takes the ongoing bear market, as well as the collapse of stablecoin as an affirmation that crypto and DeFi cannot be the foundation of monetary systems.
Justin Sun, Tron CEO, explained that the firm is “actively buying crypto” to manage the stablecoin.
Not all stablecoins are the same. It’s time to learn what makes algorithmic stablecoins unique and concerns about their “stability”.
DEI, which is a hybrid algorithmic stablecoin from DEUS FDinance, lost its 1 = 1 peg to the US dollar on Sunday.
The initiative is part of its aim to promote the stability of the country’s payment system.
Plus Axie Infinity account got suspended, community rallies support.
PayPal creates a crypto business unit, while Visa will launch crypto-related APIs.
Rafael proposes that bitcoin, a new asset class, should be considered as a strategic reserve asset that can function as systemic hedge that will help maintain financial stability amid the economic havoc that is COVID-19 Pandemic, and to insulate the domestic financial system from the vulnerabilities of the current U.S. dollar-centric international monetary system.
A little over two weeks left and we bid this year goodbye.