Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
? Genuine Labs announces Terra Luna Classic v3.0.1 upgrade, boosting efficiency and security. LUNC price jumps 3%, now at $0.000111. Key improvements: SDK v0.47, wasmd v0.45, ibc-go v7. #CryptoNews #TerraLunaClassic
Terra Luna Classic’s community approved re-enabling IBC with Osmosis, leading to an 8% LUNC and 5% USTC price surge, and a 200% trading volume increase, signaling robust market optimism and enhanced cross-chain liquidity.
Tether minted $1 billion USDT on the Ethereum blockchain, signaling optimism for a potential spot Ethereum ETF approval by the SEC. This strategic move, reflecting a similar instance in January, underlines Tether’s significant influence on cryptocurrency market dynamics, especially in potentially boosting Ethereum’s liquidity and value.
Bitcoin.com’s Verse DEX has unveiled a new wZANO-USDT farm, boasting an impressive APY of up to 150%. This initiative not only highlights the integration of ZANO into its ecosystem but also emphasizes the increasing value of privacy in cryptocurrency investments.
Tether has minted $1 billion USDT on the Ethereum blockchain in anticipation of a market rally, marking a significant move as the company commands a 70% share of the stablecoin market, with a market cap surpassing $110 billion. This strategic action aims to enhance liquidity in anticipation of a spot ETH ETF approval by the SEC.
On May 18, a Kraken executive clarified that the exchange will not delist Tether’s USDT in Europe, countering speculation and emphasizing Kraken’s commitment to compliance with the new European MiCA regulations. This move showcases Kraken’s dedication to maintaining a broad range of services for European clients amidst evolving regulatory demands.
The Terra Luna Classic community approves Proposal 12103, designating Allnodes as the new provider for LUNC’s circulating supply data, a strategic move to enhance transparency and market data reliability.
The Terra Luna Classic community is voting on Proposal 12104 to re-enable IBC with Osmosis, aiming to enhance blockchain interoperability. Over 96% support the move, potentially boosting LUNC’s price and showcasing the network’s growth commitment.
Kraken is considering halting USDT stablecoin support in the EU due to new MiCA regulations, signaling a major shift in the region’s crypto exchange landscape and highlighting the industry’s efforts to comply with evolving legal frameworks. This strategic move underscores the balance between adhering to regulations and serving European clients effectively.
Tether, renowned for its stablecoin issuance, has ventured into diverse sectors including Data, Finance, Power, and Education, aiming to pioneer in digital innovation and sustainable Bitcoin mining, thus redefining its role beyond financial services.
Coin Center opposes the Lummis-Gillibrand Payment Stablecoin Act, arguing it infringes on First Amendment rights by banning algorithmic stablecoins, amid efforts to regulate stablecoins following the TerraUSD collapse.
On May 17, Oobit announced a partnership with the TON Foundation to integrate Toncoin into its payment platform, enabling Toncoin holders to Tap & Pay at over 100 million retailers worldwide, significantly advancing cryptocurrency use in daily transactions.
The BRICS nations are developing a stablecoin for trade settlements, aiming to diminish reliance on the US dollar and revolutionize international trade, marking a significant move towards financial autonomy and innovation.
Paulo Ardoino, CEO of Tether, unveiled a beta for a digital asset tokenization platform, capable of supporting assets over $110 billion in USDT, heralding a significant innovation in the digital asset space.
