NY stablecoin issuers Gemini, Paxos have to ensure 100% reserves daily under new guidelines

👋 Wish to work with us? CryptoSlate is hiring for a handful of positions! The NY Division of Monetary Providers (DFS), which oversees regulated crypto corporations within the state, on June 8 launched... Read more »

Checkout.com starts offering merchants 24/7 settlements via USDC

👋 Wish to work with us? CryptoSlate is hiring for a handful of positions! Checkout.com, an internet cost service supplier, has rolled out a stablecoin settlement answer utilizing Fireblocks’ new crypto cost... Read more »

TRON DeFi Surges on Terra-Inspired Stablecoin Launch

Key Takeaways TRON’s DeFi ecosystem is hovering. It is now the third-largest blockchain in whole worth locked phrases, trailing solely Ethereum and BNB Chain. The surge can doubtless be attributed to its... Read more »

Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside

There are early indicators of the “mud settling” within the crypto market now that traders imagine that the worst of the Terra (LUNA) collapse appears to be like to be over. Viewing... Read more »

Tether’s USDT Stablecoin Loses Peg Amid UST Disaster

Key Takeaways Tether’s USDT has misplaced its peg to the greenback. USDT briefly traded as little as $0.95 earlier than recovering to $0.99. A number of different stablecoins are buying and selling... Read more »

Another algorithmic stablecoin, DEI, loses peg

One other algorithmic stablecoin from Deus Finance, DEI, fell to as little as 54 cents on Monday, persevering with what has been a tumultuous week for stablecoins. The stableocoin first misplaced its... Read more »

The meaningful shift from Bitcoin maximalism to Bitcoin realism

There was a time when all cryptocurrencies traded in opposition to Bitcoin (BTC). Speculators ventured into different cash once they noticed assuring tokenomics or promising hype, however Bitcoin was their settlement coin... Read more »

Avalanche founder claims only one algorithmic stablecoin can succeed – defends Terra’s UST

The founding father of Ava Labs, Emin Gün Sirer, has provided his opinions on the crash of Terra’s algorithmic stablecoin, UST.  In accordance with Gün Sirer, there’s a want for decentralized algorithmic stablecoins... Read more »