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.
Why first-generation cryptocurrencies, like Bitcoin or Ether, can not be widespread among people, but, stablecoins can. -via HackerNoon
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.
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.
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.
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.
The TrueUSD funds were examined on July 16th, 2018 and contained a balance of $79,051,658.66
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.”
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
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.
A quick look at the similarities and differences between AAA Reserve and USDC.
-via Crypto AM
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.)
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.