On-chain stablecoin volume surpasses $360 billion for February
Tether held most of February's record stablecoin volume, with USDC and DAI coming next.
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Decentralized foreign exchange DFX Finance raised $5 million in seed round
DFX Finance, a decentralized foreign exchange startup for stablecoins, announced a $5 million seed round on Tuesday.
A look at price risk-free yield strategies
Bitcoin’s price has continuously risen for the past six months. On October 1st, BTC was at ~$10,600 to over $51,000 today — a 380% increase. As a product of this run, the demand for stablecoin-denominated debt for leverage has increased appreciably. For stablecoins (or constructions of synthetic USD positions), the yields are extraordinarily high compared […]
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Israeli startup First has built a solution for merchants to accept Diem stablecoin when it goes live
Israeli payments startup First DAG has built a solution for merchants to accept Diem stablecoin when it goes live sometime later this year.
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Digital currencies and the future of the monetary system
On January 27th, 2021, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), delivered a speech for Stanford’s Hoover Institution policy seminar. His speech was titled ‘Digital currencies and the future of the monetary system,’ and it covered the digitization of money. Bitcoin, stablecoins, and central bank digital currencies (CBDCs) were discussed in […]
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Dissecting the third annual BIS survey on CBDC
In January 2019, the Bank for International Settlements (BIS) started releasing a yearly central bank digital currency (CBDC) paper based on results from its global survey of central banks. The third paper, ‘Ready, steady, go? – Results of the third BIS survey on central bank digital currency,’ was recently published on January 27th. Central banks […]
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How Mastercard's crypto strategy is distinct from its new stablecoin plans
Mastercard is positioning itself to gain a stronger foothold in the digital currency ecosystem, encompassing cryptocurrencies, stablecoins and, in the long-term, central bank digital currencies.
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