Why Ethereum Will Win The ‘Stablecoin Wars,’ According To This Analyst
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 […]
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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....
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.
The growth of USDC in 2021 is more tremendous than that of Tether. The Ethereum-based USDC stablecoin is gaining immense traction as the experts deem it as the most dominant asset. In coming weeks it is very likely USDT’s share of the stablecoin supply on Ethereum will fall below 50% for the first time. USDC […]
The top two cryptocurrencies have remained strict competitors for each other. Bitcoin and Ethereum have always been at the neck of each other through narrative wars from their respective proponents. Several issues have been highlighted in the battle, ranging from the mode of operation to prices and past performance. With the just concluded Ethereum Merge, […]