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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Stablecoin War: Circle’s USDC and Paxos [PAX] stay ahead, while Winklevoss’ Gemini [GUSD] falls behind

Tether’s rumors have paved way for other stablecoins [pegged 1:1 with real-world assets] like Circle’s USDC, Paxos’ PAX, and Winklevoss twins’ Gemini [GUSD]. A war among stablecoins has started to take over Tether’s throne if and when it falls. Gemini, Paxos, and USD Coin have all received the go-sign from the New York Department of…

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Bitcoin Averts Slaughter, Let the Clubbered Tether Burn. Burn Clubbered Tether… Burn!

A 500 million token Tether burn has been undertaken over the past week by Tether Ltd, as investors flee the besieged stablecoin in the face of mounting concerns over USDT and the emergence of more transparent alternatives. The Stable, the Stable, the Stable’s on Fire… In the past week, Tether Ltd has burned 500 million…

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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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Huobi Unveils New 'All-in-One' Stablecoin for Stablecoins (Except Tether)

Cryptocurrency exchange Huobi announced today that it has launched its very own interchangeable stablecoin dubbed HUSD. “All-In-One Stablecoin” Huobi, which is currently the third largest cryptocurrency exchange by means of traded volume according to data from CoinMarketCap, announced the launch of its own stablecoin HUSD. Notes Livio Weng Vice President at Huobi: It’s our great…

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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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Bitcoin Payment Processor BitPay Introduces USDC and GUSD Stablecoin Settlements

Photo: BitPay / Twitter Stablecoins, or cryptocurrencies pegged to a stable asset, such as gold or fiat currencies, are causing numerous discussions. While crypto markets remain incredibly volatile and unpredictable by nature, stable coins were designed to remain the same. However, they can be prone to failure due to volatility and upkeep required in many cases. Tether(USDT), the largest stablecoin by market capitalization,…

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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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Circle's USDC Stablecoin Enters the Realm

USDC is a stablecoin pegged to the US dollar and is backed by Goldman Sachs. Like other stablecoins, USDC is also ERC20 compliant. The initial capital in May by Bitmain, China cryptocurrency company raised a total of $110 million for the project. The coin, USDC will be available for immediate use on Poloniex exchange. Soon will also…

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