e-Money Is Aiming to Bring More Value to Stablecoins
As more people look for safer alternatives to store and transfer their wealth, stablecoins have emerged as a viable option with practically no restrictions. These fiat-pegged crypto assets allow users to store value reliably, but do nothing to account for inflation of the fiat backing the asset. e-Money has developed a new stablecoin, one more […]
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Blockchain payment platform e-Money is bringing its fiat-pegged European stablecoins to the Ethereum-rivalling Avalanche network. Next week, at the annual Avalanche Summit in Barcelona, the Danish fintech firm will introduce its suite of fully collateralized interest-bearing stablecoins to the blockchain, giving Avalanche users the opportunity to trade e-Money’s stablecoins, Euros (EEUR), Swiss francs (ECHF), Norwegian […]
Are algorithmic stablecoins trying to clone the intrinsic qualities of fiat money or dollar; like security? The recent craze over algorithmic stablecoins has stirred mixed reactions from the crypto community. For crying out loud, it has been an emotional contagion for crypto enthusiasts everywhere. So, is it overkill? Are algorithmic stablecoins too ambitious? Suggested Reading […]
Will CBDCs disrupt stablecoins, or will they help each other? The public and private sectors should work closely together to bring about the future of money, according to a former leader of the Commodity Futures Trading Commission.Chris Giancarlo, a former CFTC chairman and initiator of a blockchain-based digital dollar project, joined the Singapore Fintech Festival 2020 to discuss the future of stablecoins and central bank digital currencies, or CBDCs.At a Tuesday panel called “Will CBDCs disrupt stablecoins?,” Giancarlo declared that the future of money depends on close government....
Composable Finance, a decentralized finance (DeFi) infrastructure project aiming to improve financial applications on the blockchain, has announced its acceptance of stablecoins into its crowdloan. This is a major development in the space, as it marks the first time that users can contribute stablecoins into a crowdloan for a parachain, instead of having to purchase […]
Boston Federal Reserve president Eric Rosengren discussed stablecoins in a recent presentation on June 25. Rosengren stressed that stablecoins could be a “disruptor” to prime money market funds and the Boston Fed president remarked that the exponential growth of stablecoins is concerning. Rosengren: ‘We Should Be a Bit Concerned About Stablecoin Markets Growing Very Rapidly’ Members of the Federal Reserve are quite aware of stablecoins and the massive market these pegged-assets have created. Today statistics show there’s $111 billion in stablecoin....