Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates dirham-denominated alternative.…
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Algorithmic
- BitcoinCryptocurrencyNews
Sonic unveils high-yield algorithmic stablecoin, reigniting Terra-Luna ‘PTSD’
by adminby adminThe Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the…
- BitcoinCryptocurrencyNews
FTX investor Temasek pours $10M into algorithmic currency system Array
by adminby adminSingapore’s government-owned investment firm Temasek continues investing in cryptocurrency projects even after losing hundreds of millions of dollars to the collapsed FTX…
- BitcoinCryptocurrencyNews
Do algorithmic stablecoins have a future as centralized coins are under scrutiny?
by adminby adminBinance’s native stablecoin — Binance USD (BUSD) — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure…
- BitcoinCryptocurrencyNews
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
by adminby adminThe Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially…
- AltcoinCryptocurrencyNews
Frax Finance to retire algorithmic backing amid stablecoin crackdown
by adminby adminThe community of decentralized finance stablecoin protocol Frax Finance has voted to fully collateralize its native stablecoin Frax (FRAX), marking an end…
- AltcoinCryptocurrencyNews
ADA-backed algorithmic stablecoin Djed launched on Cardano
by adminby adminSince the fall of the Terra (LUNA) algorithmic-stablecoin in mid-2022, many users in the crypto space have developed a weariness towards that…
- BitcoinCryptocurrencyNews
Hong Kong will not tolerate algorithmic stablecoins in new regulation
by adminby adminIn the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKMA) didn’t find a place for algorithmic stablecoins.…
- BitcoinCryptocurrencyNews
Algorithmic stablecoin market share dropped by 10x from ATH: Report
by adminby adminThe notorious failure of the Terra USD (UST) affected the crypto market in general, but it’s the algorithmic stablecoins alike that took…
- AltcoinCryptocurrencyNews
Algorithmic stabilization is the key to effective crypto-finance
by adminby adminAfter the collapse of Terraform Labs’ cryptocurrency, Terra (LUNA), and its stablecoin, Terra (UST), the notion of “algorithmic stabilization” has fallen to a…
- BitcoinCryptocurrencyNews
New Cardano algorithmic stablecoin evokes old fears for the community
by adminby adminWith the new announcement that Cardano is on its way to release an algorithmic stablecoin in 2023, various community members expressed concerns,…
Proof-of-stake blockchain platform, Cardano, has partnered with COTI, a DAG-based Layer 1 protocol, to launch what it refers to as an over-collateralized…
- CryptocurrencyICONews
Algorithmic Stablecoin USDN Falls From Dollar Peg as Liquidity Slumps
by adminby adminAlgorithmic stablecoin USDN, which is designed to mimic the value of the U.S. Dollar, has fallen to $0.91. Source Link
- AltcoinCryptocurrencyNews
Pain ahead for algorithmic and non-cash backed stablecoins: IMF director
by adminby adminThe International Monetary Fund (IMF)’s director of capital markets believes there could be further failures of “coin offerings,” including algorithmic stablecoins amid…
- CryptocurrencyICONews
Justin Sun Still Thinks Algorithmic Stablecoins Are a Good Idea
by adminby adminDEK Source Link
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