Tag Archives: stablecoin

Another gold-backed cryptocurrency is making its way onto the trading market. This time, the issuing company is Aurus, a digital currency startup that says it’s looking to “bridge the gap” between gold and crypto owners.Aurus: The Latest Gold Stablecoin MasterGold is widely considered a stable asset. Much like USD or other forms of fiat, gold is not known to go down in price or value during times of financial or economic strife. Thus, this new token – being that it’s backed by gold – would be...

CryptoFranc (XCHF) a stablecoin issued by Swiss Crypto Tokens AG The relative market volatility of crypto asset markets can sometimes be a reason for stress. Meanwhile, there are assets which do not exhibit such volatility; they are called stablecoins. Because the value of stablecoins is pegged to another currency or asset (such as the US dollar or gold), they are generally...

Xfers, a fin-tech company from Singapore, is set to launch a stablecoin called StraitsX by partnering with blockchain platform Zilliqa. The token will be pegged to the Singaporean Dollar, and it would be available in December 2019.StraitsX: A New Stablecoin on Its WayXfers is a Singapore-based company focusing on online financial services like payment transactions. It provides a transparent and secure infrastructure for all sorts of businesses.By partnering with the popular blockchain...

CU, the largest convenience store chain in South Korea with over 13,000 locations, will soon accept crypto. According to local reports and the statement of Terra’s co-founder Do Kwon, CU will integrate a payment system called Chai, which enables consumers to utilize a Korean won-backed stablecoin called Terra to transact. The stablecoin CU plans to accept is a major KRW stablecoin invested by Binance, OKEx, Huobi, Polychain, Dunamu (company invested by Kakao that runs UPbit), Arrington XRP...

Considering there is so much hype surrounding bitcoin and other mainstream altcoins, is it possible we’ve forgotten about stable currencies? According to Jeff Garzik, that’s certainly the case.Jeff Garzik: Stable Coins Have a Lot to OfferGarzik is a former bitcoin core code contributor. While he’s confident bitcoin has a lot going for it, he believes the real staples of the crypto industry are stable coins, which he says are more valuable in a lot of ways in that they heavily mimic the...

Photo: The Coinbase BlogPremier cryptocurrency exchange Coinbase has announced that it will offer interest on deposits in stablecoin USD Coin (USDC) for 1.25% APY. This indicates its willingness to encourage more of its large database of users to deposit their holdings in the cryptocurrency token. Transferring the value of the US Dollar which in itself is a significant advantage, the move is aimed at bringing respite to crypto users who always face the volatility which occurs on most of the...