How stable are stablecoins in the FTX crypto market contagion?
The collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins?
MakerDAO community votes against CoinShares’ 500M investment proposal
About 72.43% of the community votes went against CoinShares’ proposal to invest MakerDAO’s funds into various traditional assets
Tokenized government bonds free up liquidity in traditional financial systems
There are a number of benefits associated with tokenized government bonds, yet adoption may take time.
Tether vs. USD Coin on-chain data reveals two very different stablecoins
The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.
Crypto and fiat savers are making a fatal error — and DeFi can come to the rescue
Across crypto and fiat, many consumers are making a fatal error: they’re letting their assets sit idle in accounts without earning interest.
Hong Kong believes stablecoin volatility can spillover to traditional finance
According to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks.
Cardano to launch new algorithmic stablecoin in 2023
‘Djed’ is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests
Binance, OKX and Bybit suspend USDT and USDC deposits on Solana
The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins.
Tether says it has no exposure to Genesis Global or Gemini Earn
The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds
The audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds.
