stablecoin

Auctioneer with Large Crowd of Buyers (Getty Images)
DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source
“We've been working for four weeks actively trying to pursue a M&A route,” protocol’s strategy lead says.
Auctioneer with Large Crowd of Buyers (Getty Images)

BitMEX co-founder Arthur Hayes has proposed NakaDollar (NUSD), a stablecoin backed by bitcoin and bitcoin derivatives.
Arthur Hayes Proposes Bitcoin-Backed Stablecoin Called NakaDollar
The currency would rely on exchanges to maintain a peg to $1, the BitMEX co-founder said.
BitMEX co-founder Arthur Hayes has proposed NakaDollar (NUSD), a stablecoin backed by bitcoin and bitcoin derivatives.

MakerDAO founder Rune Christensen (CoinDesk TV)
Stablecoin Issuer MakerDAO Proposes Additional $750M U.S. Treasury Purchase
The decentralized autonomous organization behind the DAI token previously purchased $500 million worth of government notes and bonds.
MakerDAO founder Rune Christensen (CoinDesk TV)

Judgement Day
Silvergate’s Struggles Will Likely Boost Stablecoins’ Role in Crypto Trading: Kaiko
Ailing crypto-friendly bank Silvergate closed its instant settlement SEN platform, which has been a key on-ramp for institutional crypto investors to transfer U.S. dollars to exchanges.
Judgement Day

Tether logo (Nikhilesh De/CoinDesk)
Tether's USDT Stablecoin Market Share Rises to Highest Level in 15 Months
USDT’s market share among stablecoins surpassed 54% on Monday, its highest level since November 2021.
Tether logo (Nikhilesh De/CoinDesk)

CDCROP: Sunrise over Victoria Harbor in Hong Kong China cityscape (Unsplash)
Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report
The firm's sole director is hoping to roll out a DeFi platform to begin paying back creditors.
CDCROP: Sunrise over Victoria Harbor in Hong Kong China cityscape (Unsplash)

CDCROP: Binance Logo (Danny Nelson/CoinDesk)
Binance USD Stablecoin Market Cap Falls Below $10B After Coinbase Delisting
Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin.
CDCROP: Binance Logo (Danny Nelson/CoinDesk)

CDCROP: Cityscape Tokyo, Japan (Ryo Yoshitake/Unsplash)
Three Japanese Banks Start Stablecoin Experiment
The institutions involved are Tokyo Kiraboshi Financial Group, Minna no Bank and The Shikoku Bank.
CDCROP: Cityscape Tokyo, Japan (Ryo Yoshitake/Unsplash)

CDCROP: Founder and CEO of Binance Changpeng Zhao, commonly known as "CZ", attends the "CZ meets Italy" at Palazzo Brancaccio on May 10, 2022 in Rome, Italy. (Antonio Masiello/Getty Images)
Binance Can’t Keep Its Story Straight on Misplaced $1.8B USDC
The FUD is coming from inside the building, says David Z. Morris, CoinDesk's chief insights columnist.
CDCROP: Founder and CEO of Binance Changpeng Zhao, commonly known as "CZ", attends the "CZ meets Italy" at Palazzo Brancaccio on May 10, 2022 in Rome, Italy. (Antonio Masiello/Getty Images)

LQTY rises by 35% (Cryptowatch)
Stablecoin Lender Liquity's Token Rises 35% on Binance Listing
LQTY hit a 10-month high of $1.82 as trading volume surged by 382%.
LQTY rises by 35% (Cryptowatch)