Stablecoin Wars: Poloniex Eliminates USDC Trading Fees in Bid to Boost Volume

In case you missed it, Poloniex, one of the major altcoin exchanges, was acquired by Circle in February. Previously, Circle was focused primarily on the major coins versus fiat pairings, but since its acquisition of Poloniex it has had the opportunity ...

Stablecoin Wars: Coinbase Token Attracts Capital But PAX Dominates Trading

It’s now been nearly two months since Winklevoss-led cryptocurrency exchange Gemini fired the first shot in the stablecoin wars through the launch of its USD-pegged crypto token, the eponymous Gemini Dollar. That same day, Paxos — like Gemi...

Tether’s Market Cap Has Dropped by More than $1 Billion in October

Tether (USDT), the embattled cryptocurrency token whose value is purportedly backed by US dollars, continues to see massive outflows as it struggles to maintain USD parity amid rising competition from other stablecoins launched by some of the crypto in...

Circle and Coinbase Join Forces on USD Coin

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 ...

Breaking: Crypto Giants Coinbase and Circle Launch Digital Dollar ‘USDC’

Cryptocurrency exchange and brokerage giant Coinbase has provided a major stamp of approval to one of several recently launched USD-pegged cryptocurrency “stablecoins” seeking to supplant tether (USDT) as the leader in this burgeoning marke...

Lack of Transparency to Blame for Tether’s Loss of USD Peg: Novogratz

Five days since losing its U.S. dollar peg, fiat-backed cryptocurrency tether (USDT) continues to trade at a discount to its supposed $1.00 valuation. Defenders have largely chalked up the markdown to FUD, arguing that supporters of other “stablecoins”...

Tether Falls, What Is Next?

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...

As Tether Loses USD Peg, OKEx Will List ‘Regulated’ Cryptocurrency Stablecoins

If tether (USDT) is truly backed by and redeemable for physical U.S. dollars stored in company-controlled bank accounts, the so-called cryptocurrency “stablecoin” should manage to weather this period of uncharacteristic volatility until arbitrage resto...

Bitcoin Payment Processor BitPay Launches Stablecoin Settlement [Tether’s Not Invited]

Bitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” Gemini Dollar (GUSD) and USD Coin (USDC), providing them with the ability to denominate their operations in cryptocurrenc...

USD Coin Arrives: Circle’s Crypto Stablecoin Is Now Trading

Crypto finance firm Circle has officially released its dollar-pegged stablecoin for limited trading, the company announced Wednesday.