Do algorithmic stablecoins have a future as centralized coins are under scrutiny? By Cointelegraph
[ad_1] Binance’s native stablecoin — Binance USD (BUSD) — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the...
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment By Cointelegraph
[ad_1] The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and...
Frax Finance to retire algorithmic backing amid stablecoin crackdown By Cointelegraph
[ad_1] The community of decentralized finance stablecoin protocol Frax Finance has voted to fully collateralize its native stablecoin Frax (FRAX), marking an end to the...
Hong Kong will not tolerate algorithmic stablecoins in new regulation By Cointelegraph
[ad_1] In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didn’t find a place for algorithmic stablecoins. Instead, the...
Japan recommends against algorithmic backing in stablecoins By Cointelegraph
[ad_1] After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention...
Cardano’s Algorithmic Stablecoin Djed Relaunched on Testnet with Vasil Compatibility By DailyCoin
[ad_1] Cardano’s Algorithmic Stablecoin Djed Relaunched on Testnet with Vasil Compatibility Djed, the much-anticipated algorithmic stablecoin of the ecosystem, has been successfully reactivated on the...
New Cardano algorithmic stablecoin evokes old fears for the community By Cointelegraph
[ad_1] With the new announcement that is on its way to release an algorithmic stablecoin in 2023, various community members expressed concerns, comparing the project...
Cardano to launch new algorithmic stablecoin in 2023 By Cointelegraph
[ad_1] Cardano to launch new algorithmic stablecoin in 2023 Proof-of-stake blockchain platform, , has partnered with COTI, a DAG-based Layer 1 protocol, to launch what...
Upcoming US Bill Could Place Ban on Algorithmic Stablecoin By CoinEdition
[ad_1] Upcoming US Bill Could Place Ban on Algorithmic Stablecoin The US legislation could place a two-year ban on the algorithmic stablecoin. Bloomberg had obtained...
What can other algorithmic stablecoins learn from Terra’s crash? By Cointelegraph
[ad_1] What can other algorithmic stablecoins learn from Terra’s crash? The spectacular implosion of the ecosystem in mid-May left the crypto industry scarred. Though there...