A new report examines the growth of the stablecoin trend, the differences between the growing number of stablecoins in circulation, and whether they truly work to lower volatility in the market.
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.
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM.
According to Tether CEO Jan Ludovicus van der Velde, the amount confirmed by Freeh Sporkin & Sullivan is equal to the $2.54 billion in coins Tether claims to have in circulation.
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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