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Stablecoin News Summary, Jul.16 — Jul.22, 2018

Stablecoins Will Do More Than Just Reduce Crypto Price Volatility 🗣 Bill Barhydt, the founder and CEO of Abra, believes that in the long run, stablecoins will hold a lot of significance in bridging conventional fiscal markets with the developing fiscal instruments which are powered by cryptos.

-via CoinDesk

Stablecoins, The Only Real Threat To Government Money 💵

Why first-generation cryptocurrencies, like Bitcoin or Ether, can not be widespread among people, but, stablecoins can. -via HackerNoon

Island of Stability: Stable Coins Keep Attracting Big-League Investors 🌴

Stable coins have been attracting more mainstream players lately, and big league investments — from the likes of Andreessen Horowitz and Peter Thiel — have started pouring in. Here are some of the largest advancement made in in the past months, andwhy it might have attracted such major investors.

-via CoinTelegraph

What is the IMMO Project? New Leak Divulges Some Details

According to the received document, IMMO positions itself as the world’s reserve crypto currency, which is based on resources with a fundamental and universally recognized value.

-via Cryptovest

IBM backs FDIC-insured Stronghold cryptocurrency 💰

Stronghold is launching a cryptocurrency that is insured by the Federal Deposit Insurance, and IBM will explore how to use it on its own IBM Blockchain Platform.

-via VentureBeat

Ripple, IBM and Stripe executives talk about developments: The blockchain saga 🙇‍

Talking during the summit, Bridget van Kralingen, the Senior Vice President of IBM’s Global Industry platform spoke about how cryptocurrency tied with a stable fiat like the US dollar would only help in improving the payment scenario in existing markets.

-via AMB Crypto

Stasis Onboards First Institutional Client for EURS Stablecoin 🤝 The announcement was made through a tweet by Stasis CEO Gregory Klumov. Speaking exclusively to CCN, Klumov explained that the client operates in the field of money management.

-via CCN

Attestation of TrueUSD Funds — Examined July 16th, 2018 📑

The TrueUSD funds were examined on July 16th, 2018 and contained a balance of $79,051,658.66

-via TrustToken

Bitcoin price rise to $7,500 is due to Tether coin ‘manipulation’ says Dr ‘Doom’ Roubini 📈

Professor Roubini tweeted: “Bitcoin literally spiking up by almost 10 percent in about 30 minutes today based on no news. So only explanation: price manipulation. Since Tether recently printed another $200 million of fake money & since research proves Tether used to manipulate BTC, manipulation is at work again.”

-via Express

Swiss Longevity Holding (SLH) To Launch CHF-backed SWIS Stablecoin🇨🇭

SLH plans to launch its new cryptocurrency in August this year. The company hopes to provide financial inclusion to the public through the varied application of SWIS.

-via Bitcoin Exchange Guide

How Does MakerDao’s 20% Charitable Giving Principle Make Sense? 🙏🏻

This piece zooms-in on the newest piece of the puzzle — MakerDAO’s initiative to match 20% of the fees burned in the Dai Credit System(DCS), and making those funds available as a decentralized public charity fund, which MKR token holders will control through their votes.

-via MakerDAO

A comparison of Circle’s USDC and AAA Reserve stablecoin 🧐

A quick look at the similarities and differences between AAA Reserve and USDC.

-via AAA

Interview with Kowala CEO, Eiland Glover 🗣

-via BitsOnline

Interview with Globcoin CEO, Hélie d’Hautefort 📺

-via Crypto AM

How to Assess stablecoins 📺

Nevin Freeman, CEO of Reserve Protocol, presenting at Stanford’s Crypto Devcon on How to tell whether a peg will or won’t break (how to assess a stablecoin.)

-via Reserve

Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves” 💳

Credit card giant Mastercard (NYSE: MA) was granted a patent for a “Method and system for linkage of blockchain-based assets to fiat currency accounts.” A disclosure from the US Patent and Trademark Office explains it relates specifically to the use of centralized accounts to manage fractional reserves of fiat and blockchain currency updated via transaction messages corresponding to fiat- and blockchain-based payment transactions.