Terra Classic Community Pursues USTC Stablecoin Restoration
Since the unfortunate Terra collapse in May 2022, members of the Terra Classic community have been steadfast in their quest to reclaim their investments and revive the project’s standing in the cryptocurrency sphere. Recent initiatives on the Terra Classic governance forum underscore their ongoing efforts. Proposal #11785: Seeking Binance’s Contribution One of the prominent proposals, […]
Ripple’s Retail Digital Wallet: A Potential Game-Changer for the Palau Stablecoin Project
Recently, US Air Force veteran Mark Phillips shared his enthusiasm about the stablecoin project in Palau on Twitter, spotlighting Ripple’s retail digital wallet as a potentially transformative innovation. During the testing phase of Palau’s stablecoin (PSC) venture, Ripple’s wallet was highlighted for its potential to bring significant changes to the financial industry, should traditional institutions […]
XRP Ledger (XRPL) Welcomes Inaugural Mortgage-Backed Stablecoin
The XRP Ledger (XRPL) has recently witnessed the introduction of HOME, an unprecedented stablecoin collateralized by mortgages and brought forth by the RWA protocol. This remarkable event heralds a new era in the mortgage industry, offering transformative possibilities for market participants and homeowners alike. With the advent of HOME on the XRPL, a significant milestone […]
ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023
Podgorica, Montenegro, June 9th, 2023, Chainwire At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi […]
Stably Launches #USD as the First BRC20 Stablecoin on the Bitcoin Network
Renton, United States, May 25th, 2023, Chainwire Stably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its US Dollar (USD)-backed stablecoin, Stably USD, as a natively-issued BRC20 token under the symbol #USD. This groundbreaking development marks a critical milestone in […]
Stablecoins Excluded, Shiba Inu Now in Top 10 Cryptos Worldwide
Shiba Inu (SHIB) has impressively broken into the top 10 cryptocurrencies in the world by market valuation, excluding stablecoins. The well-known charting tool Tradingview recently released a list of the top cryptocurrencies by market cap in 2023, excluding stablecoins. Shiba Inu is ranked tenth on the list, with a market valuation of $6.8 billion. With […]
TCNH, a Stablecoin Pegged to Offshore Chinese Yuan, listed on Huobi
Singapore, Singapore, 21st February, 2023, Chainwire TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH) with a pilot program allowing organizations to mint TCNH, announced that it is now available on Huobi, where users can trade it through the TCNH/USDT pair. Huobi is the first exchange to support TCNH after its launch. Apart from minting […]
More Than 1.85M Cardano-backed Djed Stablecoin Minted and 40K Burned in Under Two Days
Cardano’s Djed stablecoin’s official issuer, COTI Network, has provided information about DJED’s development. It was reported by COTI that ADA-backed stablecoin has sparked a significant amount of interest and participation since it launched on the mainnet . In a recent blog post, COTI stated that while 40K DJED units were burnt, a staggering 1.85M DJED […]
Cardano Stablecoin Djed is Now Live on Mainnet
After more than a year of development, Djed, a decentralized stablecoin linked to the US dollar, emerged on the Cardano blockchain. Input Output, a core developer for Cardano, and Coti, a blockchain company, jointly created Djed. The value of Djed is intended to stay close to the dollar and is supported by an excess of […]
Reap Rewards For ADA Deposits by Holding Cardano’s Stablecoin Reserve Coin
Rewards for ADA stored in Djed’s smart contract at launch will be given to holders of the reserve currency of Djed, SHEN. This information was disclosed by COTI, the company behind the Cardano stablecoin Djed, in a yesterday Twitter-shared Medium blog article. The story claims that it is a short-term measure. According to COTI, Djed […]