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Stable.Report Jan. 13th — Jan. 20th

Updated: May 22, 2019

Stablecoin News of the Week:

Digital Garage to Test Yen-Pegged Stablecoin on Blockstream Network 🇯🇵 An arm of Tokyo-listed internet group Digital Garage is working with bitcoin infrastructure startup Blockstream to test the issuance of a Japanese yen-pegged stablecoin. Crypto Garage, a Digital Garage subsidiary focusing on blockchain and crypto tech, announced on 21st Jan 2019 that it has launched a new platform dubbed SettleNet that would allow app development on Blockstream’s inter-exchange settlement network Liquid, including the issuance of stablecoins. -via Coin Desk

Swiss Blockchain Association: Stablecoins And Security Token Will Be The Next Wave 🇨🇭 Luzius Meisser, Swiss blockchain association representative, is sure that stablecoins and security token will be the next wave in the cryptocurrency world. Luzius Meisser notes that he does not mean some of stablecoins which can be considered as payment or tool tokens due to their decentralized algorithms. -via ICO Brothers Media

Winklevoss Twins Believe Stablecoins, Tokenized Securities Are Future of Crypto Innovation 🚀 Tyler and Cameron Winklevoss, Bitcoin (BTC) bulls and founders of the cryptocurrency trading platform Gemini, have said stablecoins and tokenized securities will usher in a bright future for the digital currency space. The twins made their remarks during an interview on Fortune’s crypto-focused news segment The Ledger on Jan 14. -via CoinTelegraph

Swiss Crypto Industry Leader Says Next Crypto Wave Will Be Stablecoins, Security Tokens 🚀 Bitcoin Association Switzerland board member Luzius Meisser says he believes the next wave of crypto innovation will focus on stablecoins and security tokens. Meisser made his remarks during an interview with Cointelegraph’s correspondent during the Crypto Finance Conference in St. Moritz, Switzerland on Jan. 16. -via CoinTelegraph

Game of Coins: Inside the Paxos-Gemini Stablecoin Discount War ✍Dollar-backed stablecoins are generally supposed to be worth $1, but stablecoin-issuers like Gemini’s GUSD and Paxos’ PAX privately offer over-the-counter (OTC) trading desks up to a 1 percent discount if traders used these tokens in some fashion before redeeming them for USD. -via CoinDesk

US Academics Start Developing Cryptocurrency More Stable than Bitcoin (BTC) 🤓 Academics from MIT, Stanford University, and five other top US universities have launched a cryptocurrency project which claims to resolve some of main problems of the Bitcoin (BTC) network, including scalability. The new digital coin, called Unit-e, is the first project by Distributed Technologies Research Foundation (DTR), the non-profit organization launched last week and supported by blockchain venture investment company Pantera Capital. -via CryptoVest

Project Updates:

1SG Launches on BitMart, P2PB2B and OEX Exchange 🏁 1SG overcame the problems of today’s cryptocurrencies and provided open, transparent, efficient KYC/AML process, which it allows to be listed on three main exchanges. -via PR News

Danish Crypto Startup Aryze Completes US$1.6M ICO 🎉 Aryze has completed its initial coin offering (ICO), raising US$1.6 million from 278 individuals representing 14 different nationalities, the company said on Thursday 17th January 2019). -via CoinJournal

DEXEOS Decentralized EOS Exchange Lists Carbon Stablecoin (CUSD) 🍾 CUSD — Carbon’s fiat-backed stablecoin, went live on EOS’ decentralized exchange, DEXEOS. This is the first DEX to list the stablecoin. -via Bitcoin Exchange Guide

USDC Reserve Attestation Report 📑 Circle has released the third audit attestation of the reserves of its fiat-backed stable coin, USDC. USDC issued and outstanding = 251,211,148; US Dollars held in custody accounts = $251,211,209 -via Circle

Corion Coin BURN announcement 🎙 Statistics on CorionX Swap program, for which the sign-in process is ongoing.  - via Corion Foundation

Meet Shani Patael, COTI’s UI/UX expert 👏 This week, Coti is continuing to introduce the COTI community to its UI/UX team. This time, Shani Patael, their front-end developer and UI/UX specialist talks about creating products geared towards small businesses. -via COTI

COTI Launches TestNet Aimed at Streamlining Remittance Payments and Stablecoins ⚗ COTI launched its testnet on Jan. 14th. The move aims to bring enterprises, merchants, governments, decentralized payment networks and stablecoin issuers that much closer to making digital currencies viable for everyday mainstream use. -via AP News

D1 Coin: A Brilliant Idea With Millions of Dollars’ Worth Diamonds Behind 💎 In this post, D1 team views diamonds as the new “secret weapon” for investments and savings. However, the diamond industry was never institutionalized and, for decades, the market has remained tightly controlled by a small group of professional producers. D1 team believes D1 Coin could potentially change this landscape and allow ordinary individuals without expert knowledge and skills to make ownership of diamonds easier. -via D1

DiamondBack Group Announces Future Token Launch 💎 DiamondBack (DBK) has created an asset-backed stablecoin, using certified investment grade, premium diamonds. It will be available for purchase by private sale starting February 1, 2019. -via PR Web

Unlocking the Power of Blockchain for the Sharing Economy 🛠 EveriToken explained the benefits of the sharing economy through its latest post. The team was pleased to announce that during everiToken’s 2018 hackathon, it successfully tested a proof-of-concept for using everiPay (by everiToken) to execute cryptocurrency payments for sharing economy applications.  Asimov, a company that developed blockchain applications for the Mexican government, showed how everiPay and everiPass can be used to develop a blockchain-based bike-sharing application that allows users to find, book, and pay for nearby bikes and scooters with cryptocurrencies. -via everiToken

Golden Currency 2019 📊 The team has moved forward with developing the Golden Currency project and in this post shares some plans for the year ahead. -via Golden Currency

Sunrise Expansion: The Importance of Energy. 📑 Goldma has been hyping up the construction of its Carbon in Pulp (CIP) plant for months now. There is one important resource Goldma required to process from ore until the final product of pure gold: energy — which is unreliable in Zimbabwe. -via Goldma

HelloGold Foundation Update #19– 16th January 2019 📃 Highlights of the week: Clear branding and marketing for 2019; All development work has been completed and ready for production deployment; Global App expected release date set for March 15th of this year. -via HelloGold

How Smart Regulation Will Change the World 🏹 In this article, Jibrel posted a Wikipedia-style explanation of smart regulations, covering three aspects: Nature of smart regulations; How smart regulations work; and Obstacles to allow smart regulations function. -via Jibrel

The Bearch Boys 🏄‍♂️ The London Block Exchange team cheerfully summarizes the weekly development of the crypto space. They jocosely use the metaphor of ‘the beach boys’ to describe traders. We are all waiting for our daily waves! -via LBX, The London Block Exchange

How the Grinch Stole Christmas 😲 The London Block Exchange team explained the price movement of bitcoin and introduces two projects that are coming to life this week: (1) Veil (a peer-to-peer prediction market built on Augur, 0x and Ethereum’ and (2) Grin (the first implementation of the Mimblewimble protocol). -via LBX, The London Block Exchange

A New Oasis 🚧 In its latest post, MakerDAO announced that On January 31, 2019 they are going to take down the OasisDEX and Oasis to completely rebuild the solutions based on a new strategic direction. Detailed reasons are given in this post. -via MakerDAO

Lender of First Resort 😇 The MakerDAO team shared a story from ProgrammableTX on how he uses CDP, MarkerDao’s platform to solve the burden of mortgage. -via MakerDAO

The Most Advanced Blockchain Crowdfunding Platform is Now Live! 🎉 Noku announced the launch of the TokenRaise Platform 1.0. Noku officially completed the development phase and is now releasing the first complete version of the service, to kick start projects and create any kind of Crowdfunding campaign on the Ethereum Blockchain. -via Noku

Strong Uptake of Flexepin by Bitcoin Merchants in Australia and Canada 🇦🇺🇨🇦 Novatti reported that it is receiving strong interest for its Flexepin Open Loop Voucher Service (“Flexepin”) from Bitcoin merchants in Australia and Canada. -via Novatti

Novatti Integrates TransferBridge with Zapper to Enable International Payments 🤝 Novatti announced that Zapper Marketing Limited (“Zapper”) has selected the Company to enable airtime top-up features on the Zapper app through Novatti’s TransferBridge solution. -via Novatti

Novatti Expands Further Into Booming China-Australia E-payments Market 🇦🇺🇨🇳 Novatti announced that it has signed an agreement with LatiPay that will enable Novatti to expand its payments service to cover Australian e-commerce and trade payments from China through WeChat Pay, AliPay, JD Pay and 19 Chinese banks in Australia. -via Novatti

PAX Weekly Updates — January 16, 2019 📈 Pax announced that it will be jump-starting a new initiative to share weekly updates on Paxos activity to bring more transparency into this space. The team believes the power of stablecoin lies in its ability to facilitate transactions. Accordingly, Pax will aim to share with the community the weekly redemption volume and processing times from this week on. -via Paxos

Semada’s Analysis of the Reserve Stable Currency Protocol 🙇‍♂️ In its latest post, the Semada team shows gratuities to the Reserve Protocol team for being open to criticism, and for clarifying some of the design plans that were not included in the first draft of their white paper. via Semada Research Institute (SRI)

Why Gold in 2019 🏆 According to The World Gold Council, it is expected that the interplay between market risk and economic growth in 2019 will drive gold demand. In this article, SendGold explores three key trends that we expect will influence its price performance: financial market instability, monetary policy and the US dollar, and structural economic reforms. -via SendGold

StableUSD Stablecoin Makes It Easy To Purchase and Redeem USDS 🎫 Stably announced the initial release of the web platform. it aims to make it simple to move between fiat and crypto and let users purchase and redeem USDS. -via Stably, Inc.

Wincanton W2Labs 2019 Programme. Exciting News — We Won! 🥳Following the pitching rounds to Wincanton plc at Digital Catapult last year, Sweetbridge won a position out of 152 companies to join the W2Labs innovation programme 2018–19. via Sweetbridge

Synthetix Explained: How a Synth Gets Transferred 📋 Whenever a Synth (e.g. sUSD) gets transferred, a complex system of transactions is initiated. Synth transfers require a higher gas limit than some other ERC20 tokens. Synthetix team decided to unpack exactly what happens when Synths gets transferred for its community to understand what their gas is doing. -via Synthetix

Introducing TrueUSD AutoSweep — Easy Wallet Management Feature for Exchanges and OTC Desks 🔑 TrueUSD announced a new feature for TrueUSD users: AutoSweep. AutoSweep is a token registry for client deposit addresses, that makes it easy to accept and manage TrueUSD deposits. -via TrustToken