Sentences with phrase «pegged stablecoin»
New research suggests that cryptocurrency startup Tether — creator of dollar - pegged stablecoin USDT — has a banking relationship with Puerto Rican financial institution Noble Bank.
https://cryptotimes.news/
New research suggests that cryptocurrency startup Tether — creator of dollar - pegged stablecoin USDT — has a banking relationship with...
The company plans to launch its first USD - pegged Stablecoin, / USDY, on the public blockchain next year.
Not exact matches
See, Basis is a cryptocurrency that will be pegged to the U.S. dollar, or a so - called stablecoin.
Basis does not plan to «peg» its price to the dollar like other successful stablecoins such as Tether (USDT) have done.
Stablecoins, cryptocurrencies pegged to external values outside of the cryptocurrency market, have been all the talk lately, especially in the recent market pullback.
Tether, the biggest stablecoin pegged to the US dollar, has recently come under fire due to a lack of transparency.
Stablecoins, cryptocurrencies pegged to external values outside of the cryptocurrency market, have been all the talk lately, especially in the recent market pullback.
The biggest stablecoin by market cap, Tether, is pegged to the value of the United States dollar.
In simple terms, stablecoins are price - stable cryptocurrencies that have their value pegged to another asset such as the US dollar.
When a new Stablecoin is released, / USDX token holders receive the same value equivalent in the new pegged currency, according to the release.
USDX Protocol said it plans to release additional Stablecoins pegged to other currencies and financial instruments, such as foreign exchanges and commodities.
Saga will essentially operate as a stablecoin backed by a so - called «variable fraction reserve» that is pegged to the International Monetary Fund's special drawing rights (SDR) basket.
The other 67 currencies are synthetically - created «stablecoins» whose values are pegged to those of their associated assets using smart contracts and are settled in Bitcoin.
The goal is to peg one stablecoin, the nomin, to the US dollar, by backing it with another cyptoasset, the havven.
Well, in the case of stablecoins and fiat currencies alike, pegging is more of a target than a guaranteed method of keeping a currency's value absolutely fixed.