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We previously covered the announcement of Centre and its first product USD Coin by Circle. Today, they have announced some news that will likely put USD Coin into the second stablecoin spot, behind the much maligned Tether. Coinbase has been announced as a co-founder of Centre and USD Coin alongside...
The sky is falling in Crypto today because its biggest stable coin has lost its peg to the dollar. Tether USDT, long claimed to be backed up by millions in fiat reserves, is no longer trading at a dollar, currently sitting at $0.966. A mere three and a half cents...
Speculations surrounding the supposed influence of Tether in inflating the price of Bitcoin might have been put to rest by a recent academic study. Dr. Wang Chun Wei, an academician at the business school of the University of Queensland, Australia carried out the study and suggested that tether, the stablecoin...
A University of Berkeley professor has called out the flaws in stablecoins, in an op-ed published in The Guardian. In the critique, Prof. Barry Eichengreen claims stablecoins are not automatically "viable" just because they are pegged to a fiat currency. Taking a swipe at Bitcoin, the professor of economics said...
(A previous version of this article stated that eGold was forced to shut down due to bankruptcy. In truth, the company behind G&SR was allowed to continue operations but were denied the permits required to act as a money transmitter and had to cease P2P  transactions because of that.) eGold...

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