Two crypto companies, Gemina Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U.S. dollar.
Blockchain money transfer company Wyre has announced a partnership with MakerDAO, creator of the Dai stablecoin, to offer Dai as part of a fiat-crypto trading pair in more than 30 countries across the world including the U.S.
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM.
Malta-based tokenization platform STASIS has launched EURS, a stablecoin backed by the Euro. Similar to Tether, EURS is fiat-collateralized. Each stablecoin unit is backed by a corresponding unit of Euro.
There is substantial controversy surrounding Tether: Is the cryptocurrency that claims to be pegged to the U.S. dollar actually fully backed? And can it be used to manipulate the price of bitcoin?
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