Stablecoin TrueUSD To Be Fully Controlled By Asian Owner
Featured Image From Kraken, Chart From Tradingview. In today’s news, the prominent stablecoin TrueUSD – with the ticker TUSD – is now undergoing a management change. According to a thread this morning by the project’s official Twitter handle, Archblock Inc., the current TUSD operator, has begun the transfer of total control of Token to its Asian-based owners, Techteryx Ltd. Techteryx Finally Assumes Control Of TrueUSD Back in December 2020, Techteryx acquired ownership of TUSD but hired Archblock to keep maintaining the stablecoin’s operations. And for the last two....
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PRESS RELEASE. Singapore, Singapore / April 4th / – TrueUSD (TUSD) and Balancer (BAL) Automated Market Maker (AMM) partnered up with Polygon to offer liquidity providers with TUSD and BAL rewards from a stablecoin pool incentive program last November. The program incentivizes liquidity providers to add TUSD-DAI-USDC-USDT liquidity to the Polygon ecosystem. In return for adding liquidity, providers will receive BAL, TUSD, and MATIC, an outstanding opportunity for liquidity providers to gain exposure to three different assets while providing liquidity to the ecosystem. The program is....
The E-Stablecoin would require several scientific advancements that are already in the works, and would allegedly make it possible to transmit electricity almost for free. Researchers at the federally-funded Lawrence Livermore National Laboratory in California have combined statistical mechanics and information theory to design a stablecoin they call Electricity Stablecoin (E-Stablecoin) that would transmit energy as a form of information. Livermore’s Maxwell Murialdo and Jonathan L. Belof say their innovation would make it possible to transmit electricity without physical wires or a grid....
The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins.
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.” Circle’s Jeremy Allaire Thinks Binance’s Forced Stablecoin Conversions Will Likely Lead to More USDC Flowing to the Exchange Circle’s CEO Jeremy Allaire spoke about Binance’s recent move to....