Tagged: usd

July 4, 2021 @ 6:49 pm By Omar Faridi  |  

The dramatic growth of stablecoin issuance may eventually have implications for the overall functioning of short-term credit markets, according to Fitch Ratings. The statement by Fitch follows comments late last month by Boston Federal Reserve President Eric Rosengren stating that Tether is a looming risk for… Read More

May 8, 2021 @ 2:01 pm By Omar Faridi  |  

The team at Blockchain.com, a leading digital currency wallet provider, trading platform, and block explorer service, notes that as the crypto-asset space exceeds the $2 trillion market value level, many people might be wondering just how much longer and higher will these prices go in… Read More

April 18, 2021 @ 5:51 pm By Omar Faridi  |  

A senior Bank of Japan (BoJ) official has stated that China’s digital renminbi will not be able to pose a threat to the US dollar’s dominant position as the global reserve currency. As reported by Bloomberg, Kazushige Kamiyama, who heads the BoJ’s payment systems division… Read More

February 2, 2021 @ 12:28 pm By Omar Faridi  |  

Banks in Venezuela are reportedly issuing debit cards for US dollar-denominated accounts, according to a report from Reuters which cited sources familiar with the matter. There’s now a group of Venezuelan banking institutions that have been providing debit cards to customers who maintain accounts in… Read More

October 10, 2020 @ 2:00 pm By Omar Faridi  |  

  Binance, the world’s largest digital asset exchange, notes that cryptocurrency markets took a major hit in September 2020 as Bitcoin (BTC) and Ethereum (ETH) recorded their first down month since June of this year. Binance also mentioned in its monthly report that despite the… Read More

May 30, 2020 @ 5:20 pm By Omar Faridi  |  

The developers of the Digital Dollar project have published a detailed whitepaper that outlines the steps required for the US to issue its own virtual currency. As confirmed in the paper, the Digital Dollar Project is being developed with the assistance of the Digital Dollar… Read More

May 20, 2020 @ 10:44 am By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it is offering borrowers USD and stablecoin loans against their cryptocurrency assets at just 1% APR as part of its COVID-19 relief efforts. The platform also revealed that it has surpassed 100,000 active users…. Read More

March 20, 2020 @ 3:54 pm By Samantha Hurst  |  

The Universal Protocol Alliance, a group of leading blockchain companies including Bittrex Global, Brave, Blockchain at Berkeley, Uphold, Cred and CertiK, announced on Thursday the listing of three tokens on Bittrex Global: the Universal Dollar (UPUSD), The Universal Euro (UPEUR), and the Universal Protocol Token… Read More

December 26, 2018 @ 11:30 am By Samantha Hurst  |  

Bitfinex, a digital asset trading platform, announced last week it has opened margin trading for USDT/USD pair to improve its stablecoin offering in line with market evolution and consumer demand. The platform revealed in a blog post: “At Bitfinex we work tirelessly to ensure our platform… Read More

September 26, 2018 @ 1:12 pm By Samantha Hurst  |  

Boston-based Circle announced on Wednesday the launch of its USD coin. Circle reported that it and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet, which is USD//Coin, also known as USDC. Circle previously announced plans… Read More