Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Solana ($SOL) jumps 33.78% in 30 days to $180.76, but analysts warn of a potential downturn. Rollblock ($RBLK) draws investors with its DeFi casino model, offering 30% weekly profits and predicting 800% surge. Currently priced at $0.017. #Update
State Street Corporation is planning to launch a stablecoin and deposit token to boost blockchain payment settlements, enhancing cross-border payment speed and efficiency. #Blockchain #Finance
The Terra Luna Classic community passed a major upgrade proposal v3.1.3 with 99.99% support. Key changes include adjusting Oracle Split logic, preventing memory leaks, and setting a 0.5% burn tax. Validators must update post-chain halt. $LUNC saw a 42% rally, reflecting increased trader interest. #Update
Tether CEO Paolo Ardoino calls for more investment in decentralized tech after a global IT outage on July 19. The disruption, caused by a technical issue with CrowdStrike’s software, highlights the need for resilient technologies. $USDT @Tether_to #Decentralization
Criminals are increasingly using Tether ($USDT), with over $11B in illicit funds flowing through cybercrime platforms like Huione Guarantee. The blockchain’s transparency helps monitor illegal USDT flows. Addressing this is crucial for crypto market integrity. #Update
Terra Luna Classic developers, including StrathCole and Genuine Labs, have finalized the tax distribution upgrade. Set for a chain halt at block height 19108180 on July 29, it aims to slow Oracle Pool depletion. $LUNC surged 27%, $USTC up 28%. #Update #CryptoNews
Tether CEO Paolo Ardoino urges investments in decentralized tech after a global IT outage highlights vulnerabilities in centralized systems. Resilient systems are crucial for stability. #Crypto #Updates
Bybit reports a 17.8% increase in USDT holdings, a 400% surge in USDC deposits, and a decrease in DAI by 33%. Meanwhile, $BTC and $ETH show modest gains of 5.62% and 0.46%. #Update #CryptoNews
Hong Kong’s ZA Bank now offers reserve banking services to stablecoin issuers under HKMA’s stablecoin sandbox. This includes notable participants like JD.com’s JINGDONG Coinlink and a consortium with Standard Chartered and Animoca Brands. #Update #Stablecoins
Hong Kong’s Monetary Authority unveils stablecoin sandbox participants, including Standard Chartered and Animoca Brands, to foster responsible stablecoin development. The sandbox, launched in March 2024, ensures a risk-controllable framework without handling public funds initially. This aligns with international standards for financial stability. #Update #stablecoin #HKMA
State Street Corporation is planning to launch a stablecoin and deposit token to boost global payment efficiency using blockchain technology. They aim to integrate digital assets into services and require regulatory approval amidst evolving US stablecoin laws. This move highlights their innovative approach in digital finance. #Update
State Street is developing a stablecoin pegged to the dollar and a deposit token for blockchain payments, similar to @PayPal’s PYUSD. This move highlights its commitment to digital assets despite uncertain U.S. regulations. #Blockchain #Update
Hong Kong to introduce stablecoin regulations by 2025 after receiving 100+ submissions. The framework will require issuers to obtain licenses, fostering a sustainable stablecoin ecosystem. This step coincides with China’s digital yuan pilot. #CryptoRegulation #Update
Plaintiffs renew lawsuit against @Tether_to and @bitfinex, alleging market manipulation of Bitcoin and other cryptos with unbacked USDT tokens. Despite previous accusations and a $18.5M settlement, Tether’s market cap hits $113B. #Update #CryptoNews
