Tag: Stablecoins

Binance Set To Release Own Stablecoins Soon
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Binance Set To Release Own Stablecoins Soon

Bloomberg has reported that Binance will be releasing its own stablecoins in the next two months. The report was made on the 5th of June. Binance Will Not Be Releasing A USD-Pegged Stablecoin According to the Bloomberg report, the exchange’s CFO (Chief Financial Officer) Wei Zhou said that the exchange will begin issuing the stablecoins…

Trusttoken Releases Four More Fiat Pegged Stablecoins
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Trusttoken Releases Four More Fiat Pegged Stablecoins

TrustToken has announced the release of four new stablecoins which will be joining its current lineup. The firm, which also launched the TUSD (TrueUSD), has announced that it will be launching tokenized versions of the Euro (TrueEUR), Hong Kong Dollar (TrueHKD), Australian Dollar (TrueAUD) and the Canadian Dollar (TrueCAD). TrustToken Releases Four More Fiat Pegged…

eToro Launches eToroX And Eight Other Stablecoins
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eToro Launches eToroX And Eight Other Stablecoins

eToro’s Blockchain division has officially announced the the launch of a new Crypto exchange for pro trading through a press release published on the 16th of April. eToro Launches eToroX eToro, a social trading platform, has announced the launch of eToroX which purports to be a fully regulated trading that is highly secure. The platform…

Binance Creates Combined Stablecoin Market
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Binance Creates Combined Stablecoin Market

It seems as though the Stablecoin sector is on the way to experiencing major changes. Crypto trading giant Binance, which is currently the largest Crypto exchange in the world by trading volumes, has announced the creation of a combined stablecoin market. Binance currently sees daily trading that is double that of its closest competitor. Binance’s…

Circle Hires Third Party Accounting Firm To Perform Assessments
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Circle Hires Third Party Accounting Firm To Perform Assessments

Circle has announced that it has sought out the services of Grant Thornton LLP, an independent accounting company, to ascertain that there are enough fiat reserves to back USDC. This verification the firm has said will be done through attestation reports that will be carried out on a monthly basis. The Extent Of The Assessment…

BitGo Unveils New Services To Support Additional Stablecoins
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BitGo Unveils New Services To Support Additional Stablecoins

With an aim of wooing more users to its network, BitGo has added one more Stablecoin to its list if offers. This is an attempt to widen the number of BitGo clients and also encourage more Crypto investors particularly institutions to acquire Stablecoins. In a press release to CoinDesk, the Crypto custodial service provider revealed…