Last month's attack on Tether contains a cautionary tale: Only those coins that can survive such attacks have the slightest chance of becoming the “holy grail" of stablecoins.
Tether stated that Deltec accepted it as a client after a “due diligence review” was carried out, which included an assessment of the company’s ability to maintain its $1 peg, which slipped last month.
Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors.
Utility billing and payment services provider Novatti is launching a new Australian dollar-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network in November.
This is the first time the company is expanding to accept cryptocurrency collateral besides bitcoin and ether. It is also the first crypto-backed lender to support loans backed by GUSD.
