Tag: stablecoin

A Two-Year Ban Is Being Imposed on Terra-Like Coins Under House Stablecoin Bill

A piece of stablecoin regulation legislation being developed in the House would outlaw coins like TerraUSD, the algorithmic stablecoin that crashed earlier this year,...

By mistakenly activating the kill switch on the mainnet, DEX locks 660,000 USDC within

Unknowingly issuing a command that stopped its mainnet software and rendered it unrecoverable, a decentralized cryptocurrency (D options exchange terminated its own life. After trying...

Huobi Clarifies What Went Wrong With HUSD Following Stablecoin’s Comeback

Crypto exchange Huobi gave users assurance that the short-term liquidity issue had been fixed after restoring the dollar peg for the HUSD stablecoin. HUSD began...

Cryptocurrency Is More Of An Asset Class Than A Payment Method, According to Mastercard’s CFO

Sachin Mehra, the chief financial officer (CFO) of Mastercard, discussed cryptocurrencies in an interview with Bloomberg that was published on Tuesday. He was questioned about...

Major Agreement With New York Bank Signed by USDC Parent

The creator of the USD Coin stablecoin, Circle, announced on Tuesday that it had partnered with New York Community Bancorp to provide custody services....