Category: Stablecoin

Confirmed: Basis CEO Says Project Will Shut Down due to Regulatory Concerns

The United States-based stablecoin project Basis has officially confirmed that it will close operations and refund investors in comments to…

PAX Stablecoin Exceeds $5 Billion in Transactions in First 3 Months

U.S. dollar-backed stablecoin Paxos Standard (PAX) has exceeded $5 billion worth of transaction volumes, according to a press release shared…

The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts Down

In Thursday’s installment of The Daily, we report on a highly anticipated stablecoin project that’s failed before it’s even launched,…

Major Stablecoin Basis to Close, Return Funds to Investors: Sources

Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news…

Russian Deputy Prime Minister: Draft Crypto Legislation Won’t Be ‘Significantly’ Edited

Maxim Akimov, the deputy prime minister of Russia, announced that the authors of Russia’s draft cryptocurrency legislation were not planning…

Report: Stablecoins See Significant Growth in Adoption Over Recent Months

According to analysis by research firm Diar published Dec. 10, the adoption of stablecoins is growing based on the increasing…

USDT Volume Up Despite Tether’s Stablecoin Dominance Dropping

The ongoing drama surrounding the opaque operations of Tether throughout 2018 has driven the proliferation of similar pegged currencies, leading…

Bitfinex, Ethfinex Add Four More USD-Backed Stablecoins

Cryptocurrency exchange Bitfinex and its spin-off Ethfinex have added support for four new major USD-backed stablecoins, according to an blog…

Bitfinex Adds Four Stablecoins Including GUSD and USDC

Bitfinex, together with its sister exchange Ethfinex, has announced the introduction of four new stablecoins. The additions take the platforms’…

Chinese Government-Backed Company to Launch Stablecoin by February

Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($1.5 billion) fund backed by the government…

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