Soteria To Launch Bitcoin-Backed, USD-Pegged Stablecoin
Soteria has announced the forthcoming launch of USDS, a USD-pegged stablecoin that is 100 percent backed by bitcoin, meaning that users can issue or redeem it in exchange for BTC. Testing of the product has concluded and Soteria expects to launch it in the near future. Stablecoins are digital currencies built to retain stable value, usually be pegging them to a fiat currency, collatorizing them with other cryptocurrencies or algorithmically balancing their circulating supplies. Soteria envisions USDS as solving inherent problems with each of these approaches. “Fiat-backed stablecoins....
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A New collateral-Backed Stablecoin Crafted by Aave Companies Is Due to Launch After the Aave DAO Votes on Genesis Parameters
Aave explained on Sunday that the Aave decentralized autonomous organization (DAO) approved a proposal to create a stablecoin token called....
Tether Operations, the issuer of the world’s biggest dollar-pegged stablecoin, will launch a new token backed by the British Pound Sterling this coming July, The development follows Tether’s recent roll-out of MXNT, a crypto asset pegged to the Mexican peso. According to a corporate statement released on Thursday, the stablecoin (GBPT) would first be supported on the […]
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Tether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news follows Tether’s most recent launch of a Mexican peso-pegged crypto asset called MXNT.
Tether Launches the Company’s 4th Fiat-Pegged Crypto Asset
On June 22, 2022, Tether announced the launch of GBPT, a stablecoin that will be initially issued by the Ethereum blockchain. GBPT is pegged to the value of the British pound sterling, the oldest fiat currency in....
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