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
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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....