Stablecoin news

A cryptocurrency with a fixed price, usually pegged to a stable non-volatile asset, such as the US dollar.

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Coinbase lists MakerDAO stablecoin Dai on its retail platform

Coinbase listed Maker’s stablecoin Dai on its retail trading platform. The move comes is part of a larger strategy to list more trading pairs to keep up with the leading cryptocurrency exchange Binance. Coinbase attempting to regain market share Coinbase has continued to aggressively list new crypto assets. Once considered the “conservative” crypto exchange stemming from the measured pace at which it added new coins, likely to adhere to more restrictive U.S. regulations, starting late last year the exchange changed its strategy to list a greater number of coins. The change in strategy is possibly a response to Coinbase’s weakening market position. In terms of percentage of total volume, U.S. exchanges including Coinbase are losing market share to the now dominant Binance. Details on Dai Dai is the product of Maker, a decentralized autonomous organization (DAO) that provides collateralized loans through a series of smart contracts and oracles, giving users access to credit without a centralized point of control. Users obtain these loans by locking their Ethereum in a smart contract. In return, users receive Dai, a stablecoin which represents a pool of all ether locked in the platform. Dai is soft-pegged to $1.00 based on the locked-up ETH. Users can then sell Dai for fiat or use it as leverage by trading it for more cryptocurrency. Unlike fiat-backed stablecoins, Dai maintains its peg through monetary policy conducted through the MakerDAO. The “stability fee,” or the annual APR of a loan is adjusted up or down to encourage borrowers to repay or take out loans. These actions increase or decrease the demand for Dai, allowing the DAO to theoretically maintain its $1 peg. The post Coinbase lists MakerDAO stablecoin Dai on its retail platform appeared first on CryptoSlate.
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SIX Stock Exchange Set to Introduce a Swiss Franc-Pegged Stablecoin

Coinspeaker SIX Stock Exchange Set to Introduce a Swiss Franc-Pegged StablecoinJust recently, it has been revealed that SIX, the Swiss national stock exchange group, is planning to introduce its own stablecoin. It will be pegged to the Swiss franc and will be used in transactions on the SIX Digital Exchange (SDX).Last year, we could observe an enormous interest in stablecoins which can be partially explained by negative trends on the crypto market. Though the situation has changed for the better, the interest in stablecoins still exists.The news about the exchange’s work on creating its Swiss franc-pegged stable coin has been confirmed by a SIX spokesman, however, any further details haven’t been provided. For example, it is still unclear whether this coin would be publicly accessible and be traded on exchanges or it would be intended for private use only, just like JPM Coin offered by JPMorgan Chase.SIX Digital ExchangeFrom the company they announced that SIX Digital Exchange would be launched in the second half of 2019 and it would offer services including tokenizing stocks and bonds. Nevertheless, it is expected that later it will explore the potential of digital versions of other physical assets including fine art.Security token offerings (STOs) are also in the center of SDX’s attention. There were even some talks about a possibility that SIX itself would raise some funds via an STO.While it doesn’t seem that SIX and SDX will stop on their road of crypto innovations, they are also inspiring other platforms to explore this space pushing the development of blockchain industry in the country. Deutsche Börse, that is the parent company of the Frankfurt Stock Exchange, is now cooperating with Swiss government-backed Swisscom examining the potential of tokenization in Switzerland.In addition, Russia’s National Settlement Depository (NSD) has chosen Switzerland to launch its D3 blockchain and crypto ledger.Why Stablecoins?Experts have a clear explanation of why more and more financial structures are turning to stabelcoins. For example, head of innovation and a director at Russia’s NSD, Artem Duvanov noted that their decentralized digital depository, D3, will be purchasing a stablecoin that will be suitable to be added to the platform. In this context, he mentioned Gemini’s GUSD.“Stablecoins backed by central bank (preferably) or bank money will drive adoption of D3Ledger and other financial DLT platforms,” Duvanov said.He explained that having a stablecoin inside of your blockchain, you have a possibility to streamline many processes via making them automated. In addition, it is possible to offer more value with smart contracts.SIX Stock Exchange Set to Introduce a Swiss Franc-Pegged Stablecoin
Coinspeaker

Stablecoin Usage Soars in 2019

Stablecoins, led by Tether (USDT), have already made a lasting impression on 2019 with volumes beating that of 2018 in a mere five and a half months. According to a report by Diar, May 21, 2019, Tether has seen nearly $1.3 trillion in trading volume in 2019 so far, leading the stablecoin pack by a considerableRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Stablecoin news by Finrazor

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OTC & Media Activity

Finrazor together with ICORating conducted researches and checked the correlation between OTC and mentions of certain words and the originality of the news

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Warren Buffett invests $600M, Coinbase is worth $8B, StarkWare acquires $30M, USD issues over $125M in investments, NXMH obtains Bitstamp, Algorand receives $62M, Thailand alerts against investments in ICOs, Ripple confirms the institutional investments growing, Kevin O’Leary invests $100M, Nouvive provides an investment observation, OK Blockchain Capital conducts an Investment Sentiment Survey, Steve Wozniak discusses his BTC investment

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DIGEST

Tether destroyed 500 million USDT, Swissquote allows ICO participation, Coinbase added its first stablecoin, IDEX to block NY users, Vertex Ventures invests in Binance, the biggest crypto theft in Australia, Sony creates contactless hardware wallet, Japanese crypto exchanges got a self-regulatory status, Bitcoin Futures still lack volume — in this weekly news

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DIGEST

Bitfinex introduces a new system, BTCC launches in South Korea, the Bitcoin Unlimited upgrades features, the Maldives denies giving permits, IAMAI attracts big players, Huobi lists stablecoins, Binance opens in Uganda

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US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay

US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay United States telecom and media giant AT&T now accepting cryptocurrency for paying phone bills online, according to an official press release on May 23. AT&T will process bills paid in cryptocurrency using crypto payments platform BitPay. BitPay is a platform that converts cryptocurrencies to fiat […] Cet article US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay est apparu en premier sur Bitcoin Central.
Bitcoin Central

Now Is Not The Time’ Rabobit Cryptocurrency Wallet Project Canceled By Dutch Bank Rabobank

Rabobank Goes Back On Its Rabobit Crypto Wallet Project Netherland-based bank Rabobank has pressed the pause button on its quest to build a cryptocurrency wallet according to TNW. The project which started since early last year is reportedly being abandoned by the bank which sought to bridge the gap between bank accounts and cryptocurrency. A […]
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AT&T Will Now Accept Bitcoin For Your Phone Bill

US-based mobile users can now use bitcoin and cryptocurrency to pay their bill thanks to a new partnership between AT&T and BitPay. AT&T Will Take Your Bitcoin Bitcoin’s path to mass adoption continues forward as major US telecom giant AT&T has announced that customers now have the option to pay their bills in cryptocurrency. The addition of crypto payments makes AT&T the first major U.S. mobile carrier to offer this option and Kevin McDorman, AT&T’s vice president of Communications Finance Business Operations said: We’re always looking for ways to improve and expand our services [and] we have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer. Currently, the crypto payments are limited to bill payment only and AT&T did not specify whether customers would be able to purchase smartphones and other accessories online or in AT&T’s brick and mortar stores. Customers interested in making crypto payments can simply select BitPay as the payment option when they login to their accounts online or through the myAT&T app. Will Corporations FOMO into Cryptocurrency? AT&T is not the first major US-based corporation to accept cryptocurrency payments as Overstock, Expedia, Subway, Shopify, and Microsoft are just a few of the major multinational corporations accepting crypto payments. Just recently, Whole Foods and a slew of other big-name retailer have also started accepting bitcoin via another third-party payment partnership. But considering AT&T’s name recognition and dominance in the telecom sector the announcement is sure to make waves and is extremely positive news for the cryptocurrency sector. Are you going to spend your bitcoin on a cell phone bill? — Mr.Hodl (@MrHodl) May 23, 2019 As one would expect, not everyone is over-the-moon about the telecom’s new found love for cryptocurrency. Morgan Creek Digital co-founder Anthony Pompliano excitedly tweeted the news and is currently being bombarded by an array of semi-skeptical replies to AT&T’s announcement. Would you use your Bitcoins to pay your phone bill? Share your thoughts in the comments below!  Images via TradingView.com, Twitter, Shutterstock The post AT&T Will Now Accept Bitcoin For Your Phone Bill appeared first on Bitcoinist.com.
Bitcoinist

AT&T now accepts Bitcoin as payment for its 150+ million subscribers

AT&T, the world’s largest telecommunications company, became the first major U.S. mobile carrier to accept Bitcoin for payment. AT&T customers will now be able to select BitPay as a payment option, allowing for bill payment in Bitcoin and Bitcoin Cash. The telecom company had over 150 million subscribers as of Q4 2018. “We’re always looking for ways to improve and expand our services,” said Kevin McDorman, vice president, AT&T Communications Finance Business Operations. “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.” This story is in progress. The post AT&T now accepts Bitcoin as payment for its 150+ million subscribers appeared first on CryptoSlate.
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