BitGo Banks on Stablecoins in a Bid to Win Over More Institutions

Photo: BitGo / Medium Blockchain security firm and cryptocurrency wallet BitGo is expanding its suite of stablecoins custody offerings. The latest stablecoin coming to BitGo is the Gemini Dollar (GUSD). Besides this, BitGo already offers custody services for many other stablecoins like Circle’s USD Coin (USDC), MakerDAO’s DAI, TrustToken’s TrueUSD (TUSD), and Paxos Standard (PAX). This is…

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Stablecoins Demand More Trust than Fiat Currency

This article about the problem with stablecoins was written by Kevin Murcko, the CEO at cryptocurrency exchange, CoinMetro, and forex broker, FXPIG. Stablecoins — digital coins which peg their value rigidly to the dollar, the euro, or a collage of national currencies — are all the rage right now. Tether, in particular, is on everyone’s…

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Can Token X Rival Other Stablecoins With Its Dual-Blockchain Approach?

It would appear the stablecoin industry is far from done as far as expansion is concerned. In the case of Token X coin, it appears to be yet another stablecoin which will be coming to market fairly soon. Although this industry seems to be firing on all cylinders as of late, one has to wonder…

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The Race Of The Stablecoins

Stablecoins, though rare, are now starting to appear more regularly across the market. The most-traded stablecoins at present, include Tether, TrueUSD and USD Coin, all of whom are currently relishing in high market capitalisation. In first place is Tether with a market cap of over 1,915,000,000, in second is TrueUSD with a market cap of…

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What's The Deal With All The New Stablecoins?

In the current state of things, there are over 100 stablecoins in existence. If we look back to this time last month there was around half of that month according to a recent analysis by Edan Yago, an entrepreneur on the blockchain. Backed by traditional stable assets such as gold or the USD, stablecoins are…

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Bitfinex Is Publishing Data for a Tether Market That Doesn't Exist

Pop over to CoinMarketCap and check Bitfinex’s page. You’ll see that the trading pair with the second-highest volume on the exchange over the past 24 hours – nearly $48 million at the time of writing – is USDT/USD: the tether stablecoin, which aims for parity with the U.S. dollar, and the U.S. dollar itself. From…

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Paxos Standard Approaches Tether in the Stablecoin Race with the Market Cap Making over $41M

Photo: PaxosGlobal / Twitter With the development of digital technologies, investors have more and more opportunities to pump money into various projects. Currently, the crypto market sees the growing interest in stablecoins — cryptocurrencies pegged to a stable asset, such as gold or fiat currencies. While not any exchange is ready to trade this kind of currency, some…

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Tether Floods Into Kraken Exchange, Where Crypto Traders Can Get Dollars

Tether (USDT) tokens are flooding into a wallet address controlled by the Kraken exchange, one of the few places where the troubled stablecoin can be converted into U.S. dollars. The exchange’s wallet balance stands at nearly 47.8 million USDT at the time of writing, making it the eighth-most valuable wallet holding this asset, according to the…

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Circle Stablecoin USD Coin (USDC) Marketcap Shows 85% Growth

The stablecoin from Goldman Sachs-backed cryptocurrency firm Circle has clocked some impressive growth numbers since its launch three weeks ago. Growth Metrics Circle, the Goldman Sachs backed blockchain company, launched its stablecoin USD Coin (USDC) almost three weeks back. USDC is pegged to the US dollar one-to-one. In an update published earlier on Monday on its…

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Gemini Stablecoin Volume Doubles on Top 10 Exchange Amid Tether Turmoil

When the Tether (USDT) stablecoin’s $1 peg broke down on Monday, traders looking for another dollar equivalent they could easily move between cryptocurrency exchanges had few other places to turn. One of those places was Bibox, the ninth-largest exchange by 24-hour adjusted volume, according to CoinMarketCap, which accounts for basically all trading – 96 percent…

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London Block Exchange Launching Crypto Pound-Backed Stablecoin

The London Block Exchange said they have permission to launch a new virtual currency, the LBXPeg. The stablecoin would be backed by UK Pound Sterling reserves. The London Block Exchange (LBX) is planning to release a new virtual currency pegged to the Pound Sterling. The startup’s CEO Benjamin Dives told Business Insider the first “cryptopound” would…

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More Stablecoins: Goldman-Backed Circle Launches USDC

This week, the Goldman Sachs-backed company Circle launched a new stablecoin—joining a growing trend in the crypto space. The new virtual currency will be known as USD Coin (USDC) and will start to be traded at the Poloniex exchange. Its value will be linked to the US dollar.  Circle Launches Dollar Coin There is a…

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What Are Stablecoins?

Every day, the cryptocurrency space sees new and exciting developments and progress. One particular area that has seen heightened exposure of late is the stablecoin. Stablecoins play an interesting role in decoupling blockchain utility from market volatility, and it’s likely that the niche will serve a vital role in the public adoption of cryptocurrency. Stablecoins, as the name suggests,…

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Circle Raises $110Mn With Plans to Launch USD-Backed Coin

The cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Circle Raises…

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