Stablecoin Archives

Another Megabank Moves Forward With its Stablecoin, Alipay Joins Race

February 18, 2019 0 0

Japan’s stablecoin race has begun to hot up – with one of the biggest banks in the country and the world announcing it has struck a deal with Alipay, the financial arm of Chinese business giant Alibaba. The Mizuho Financial Group, operator of Japan’s second largest (and one of the top 20 largest banks in […]

Stablecoin Basis to Close, Return Funds to Investors: Sources

December 13, 2018 0 0

Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news outlet The Block reports today, Dec. 12. Citing “multiple people with direct knowledge of the situation,” the reports states that the algorithmic stablecoin project is set to return the majority of the $133 million in […]

Stablecoin Wars: Bitfinex Adopts ‘Neutral’ Stance & Lists Major Tether Compeitors

December 5, 2018 0 0

Users of crypto exchange Bitfinex and its associated token-trading platform Ethfinex now have a total of six stablecoin options for trading on either platform. Bitfinex Opens Platform to Tether Competitors As Bitfinex writes, for years the only major option in stablecoins was Tether (USDT), and for quite a while Bitfinex was the only way to cash […]