The Stablecoin Wars Just Got A New Contender — And This One Has 500,000 Retai...
MoneyGram, one of the world’s largest cross-border payments networks, announced on June 2 the launch of MGUSD — a native US dollar stablecoin bearing the company’s own brand and designed to serve as the foundational layer for a growing suite of financial services across its global remittance network, per the company’s official press release. Related […]
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Ethereum (ETH) stands poised to reign supreme in what analysts are calling the “upcoming stablecoin wars.” Bloomberg Intelligence crypto market analyst, Jamie Coutts, has confidently predicted the cryptocurrency’s victory, citing its expansive ecosystem and notable performance across crucial network-adoption metrics. Coutts, an authoritative voice in the crypto landscape, conveyed his insights on the matter through […]
The United States is embarking on a campaign toward the introduction of a CBDC, or central bank digital currency. As part of the White House’s first-ever comprehensive framework, the Treasury Department is now suggesting the creation of a national stablecoin or CBDC. To counter China’s advancements on the CBDC, five panelists at a hearing for the […]
The STABLE Act would force all stablecoin issuers to have bank licenses, a shot across the bow that portends an emerging legal challenge for the industry.
As the blockchain sector gradually goes worldwide, the Ethereum Network is turning up as the top contender for blockchain infrastructure across the sector. Currently, the ETH network is the settlement layer for many stablecoins and real-world applications in the crypto space. Euro Stablecoin Plans Eye Ethereum A new chapter in blockchain adoption may be unfolding, […]
Founder of TRON Justin Sun announced the launch of an algorithm stablecoin on this network. Called USDD, the digital asset will be deployed on May 5, 2022, and will offer users a basic “risk-free” interest rate of 30% annual percentage yield (APY). Related Reading | TA: Bitcoin Technicals Suggest Bulls Aim Sharp Move Above $42K The stablecoin will be available on TRON, but users can access it from Ethereum and the Binance Smart Chain. According to the open letter, the digital asset will be launched in partnership with “major blockchain players” and will be “the most decentralized....