An audit of TrueUSD funds showed that it has the full amount of U.S. dollar backing for its coins. TrustToken has published the results of an audit of its stablecoin TrueUSD (TUSD) in a blog post on April 8. The audit shows that it has the full amount of United States dollar reserves. Per the […]
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San Francisco-based cryptocurrency lending firm Dharma Labs announced that it has launched its service to the public. San Francisco-based cryptocurrency lending firm Dharma Labs announced that it has launched its service to the public in a Medium post published on April 8. As Cointelegraph reported in February, Dharma Labs has previously raised $7 million from […]
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sponsored A crypto lending platform is expanding its offering to wallets and crypto-fiat conversions, and says suggestions from its community are driving its new features. A fintech company says it has reached several milestones that help crypto enthusiasts capitalize on the current bull market, as it complements its crypto lending service with wallets, blockchain integration […]
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Canadian cryptocurrency exchange Coinsquare announced that it will be launching a Canadian dollar-back stablecoin. Coinsquare, one of Canada’s top crypto exchanges, will be launching a stablecoin backed by the Canadian dollar dubbed eCAD, according to a press release on April 4. The new coin will purportedly be backed at a 1:1 ratio with Canadian dollars. […]
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The Tether stablecoin’s daily transaction volume hit an all-time high. Tether (USDT), the most used fiat-pegged stablecoin, has hit an all-time high by the number of daily transactions, according to blockchain data provider Coin Metrics. On March 31, the amount of Tether transactions hit a high of 38,150, representing a new milestone in the adoption […]
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sponsored A decentralized crypto lending platform says it has unveiled new features designed to make it easier to access liquidity without sacrificing their portfolio. A decentralized peer-to-peer network says it is well placed to cater to the growing demand for crypto lending, and has unveiled new tool that allows users to borrow USD-backed stablecoins against […]
Continue ReadingSome crypto bulls are still holding out for a six-figure Bitcoin price. Let’s consult the charts and see where it’s heading in the short run. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should […]
Continue ReadingChanges to Tether’s website have raised fresh concerns about the companies reserve policy. Controversial stablecoin Tether is in the spotlight again after changes to the details of the way in which it backs up tokens in supply. As reported on March 14, various online users noted and posted disconcerting changes to the Tether website, which […]
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The move follows several fee hikes aiming to improve the dollar peg of Maker’s Dai stablecoin. Decentralized Autonomous Organization (DAO) MakerDAO (Maker) has upped its demands to increase one of its network fees, this time to 7.5 percent, the company confirmed in a blog post on March 18. Maker, which issues USD-pegged stablecoin Dai (DAI), […]
Continue ReadingA rephased description of the stablecoin’s backing appears to suggest it is not entirely backed by USD, undoing previous assurances. Developers behind stablecoin Tether (USDT) have drawn scrutiny today, March 14, after social media users noticed they had removed previous claims that the altcoin was fully backed by United States dollars. Tether, which has faced […]
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