ConsenSys, a major software technology firm based on blockchain technology has been constantly expanding its services and technology. Ultimately, ConsenSys wants to bring as much expansion to blockchain interoperability as possible. ConsenSys has made the same attempt by launching a new tool but this time, it has taken things to the next level. ConsenSys Announces … Read more
Tether, the issuer of the largest stablecoin ‘USDT’ has just proceeded with freezing a large number of USDTs. The reports confirm that the USDTs frozen by Tether are all on the Ethereum blockchain. Over $8 Million USDT Frozen Whale Alert, a major cryptocurrency monitoring resource has shared details surrounding Tether’s recent activity. According to the … Read more
There has been a decline of 10.66% in the market capitalization of the top stablecoins from $171.37 billion to $153.09 billion, after the fiasco of the Terra stablecoin back in May. The last two months have recorded very little growth in the market capitalization of the leading stablecoins, as they have stayed close to the … Read more
In the quest to encourage more bank users to embrace cryptocurrency transactions, an Australia-based financial institution, ANZ bank, has successfully launched a stablecoin linked to the Australian dollar (AUD). The move is the first of its kind by an Australian bank to issue an AUD tethered stablecoin. It may be the first time a major … Read more
Many individuals have resorted to digital assets as a shield against inflation from fiat currencies. Thus, they can hold a significant advantage when the fiat currency becomes weakened in a bad economy. Fear Of Uncertainty Is The Primary Motive Russia’s ongoing assault against Ukraine has caused many more people to convert their fiat to cryptos … Read more
Latin America-based stablecoin provider, Anclap, has launched another stablecoin in Peru to increase its list of stablecoins on its network. The Digital Sol Per the announcement from Anclap, the new stablecoin is pegged on a 1:1 ratio to the Peruvian dollar. Users can complete their transactions across the network instantly, even if it involves cash-crypto … Read more
