Search results for stablecoin

The governor of the Bank of England admitted that payment innovations like cryptocurrency, stablecoins, central bank digital currencies (CBDC), etc., have been gaining momentum due to the lockdown.

As the world becomes increasingly digital, the financial institutions we are used to having to adjust and turn to innovations. While some of them are exploring the possibility of developing and launching their own digital currency, others are looking to take advantage of the existing technologies such as stablecoins.

As stablecoins gain momentum all over the world, financial regulators and banks insist that a flawless regulatory structure be prepared before approving global stablecoins, alluding to risks and gaps in the existing guidelines. Stablecoins need to prepare for preemptive regulations.

A study has been published showing that issuing stablecoins such as Tether and Circle’s USD Coin (USDC), don’t cause the prices of other digital currencies like Ether, Ripple, etc. to surge. So far, there have been few sentiments in the cryptoasset industry that the connection between stablecoin issuance and digital currency price is large.

Stablecoins climb up in market cap value, while cryptocurrencies still fail to recover from the post-pandemic knockout. This wasn’t left unnoticed by the world governments, and notably, G20, who already sought ways how to cope with a growing demand for stablecoins.

Stablecoins are the future of crypto. They are coins that come with the pledge of maintaining a 1:1 parity. They do this using 3 different methods, however, we will be focusing on the main method; fiat-collateralized.

When Bitcoin first launched in 2009, very few expected it to have such a massive and far-reaching impact on the online gambling industry.

Delta Exchange, one of the fastest growing cryptocurrency derivatives exchange has launched world’s first stablecoin settled Bitcoin Futures. Stablecoin (USDC) futures will allow traders to margin in stablecoin and to earn profit / loss in stablecoin. These futures are available on Bitcoin, Ether and Ripple; all pairs are quoted in USD and settled in USDC.

While the rest of the crypto market has been stagnant for quite some time, market analysts are noticing the growing spread, and the rise in the number of transactions involving stablecoins in blockchain. Experts at ICOBox evaluated the pros and cons of these "stable coins" and came up with their conclusion regarding their chances to replace bitcoin.