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Stablecoins - YFarmX | Crypto News & Education
Saturday, December 21, 2024

Stablecoins

StableCoins

Stablecoins represent a category of cryptocurrencies designed to maintain a stable value, typically pegged to fiat currencies like the USD, or commodities like gold. They aim to offer the benefits of digital currencies—speed, accessibility, and lower transaction costs—without the price volatility associated with cryptocurrencies like Bitcoin. These assets are backed by reserves, which could be fiat, other cryptocurrencies, or algorithms managing supply. However, their stability and the backing of these reserves have come under regulatory scrutiny, with concerns over transparency and the potential impact on financial systems, prompting discussions on regulation akin to traditional financial instruments.

Stablecoin News

Altcoins

The Inevitable Rise of Japanese Yen Stablecoins: Insights from Ripple’s Brad Garlinghouse

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In the landscape of cryptocurrency, where regulatory clarity often dictates market movement, Japan is aiming to stand out as a beacon of progressive policy....
Altcoins

MakerDAO Rebrands as Sky Ahead of USDS Stablecoin Launch

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MakerDAO, the pioneering decentralised finance (DeFi) platform, is undergoing a rebranding to Sky, introducing a new stablecoin, USDS, and a governance token, SKY.

Aave Proposes New GHO Stability Module Integration with BlackRock’s BUIDL

Stablecoin Market Reaches Record $168.1 Billion as Institutional Demand Surges

Gucci and TAG Heuer are the latest brands to adopt ApeCoin

New pound-backed stablecoin ‘PoundToken’ audited by KPMG

Tether vs USDC

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YFarmX is a web3 media brand that delivers breaking news and premium insights about digital assets. As part of our editorial content, we provide learners with the critical analysis and information they need to make smarter decisions and to better understand emerging web 3.0 technologies.

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Latest News

SBF Appeal Seeks to Overturn Conviction, Cites Judicial Bias

Solana News 0
Sam Bankman-Fried has filed an appeal seeking a retrial of his fraud conviction, citing judicial bias and claiming that the original trial was unfair. His legal team argues that the judge's actions compromised the fairness of the trial, leading to an unjust conviction.

UK Parliament Introduces New Bill to Recognise Cryptocurrencies as Personal Property

Regulation 0
The UK Parliament has introduced the Property (Digital Assets etc) Bill, officially recognising digital assets like Bitcoin, NFTs, and carbon credits as personal property. This new legislation provides owners with legal protections against fraud and theft, positioning the UK as a global leader in crypto law.

TADA Partners with TON to Introduce Web3-Powered Ride-Hailing

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TADA, a leading ride-hailing service in Southeast Asia, has partnered with the TON Foundation to launch TADA Mini, a Telegram-based app that integrates Web3 technology into ride-hailing. Users can now book rides directly through Telegram and pay with cryptocurrencies like $TON or $USDT-TON. This collaboration marks a step forward in mainstreaming blockchain technology and cryptocurrency adoption in everyday services.

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