Stablecoin UST Loses Peg to the US Dollar Amid Outflow of Assets from Anchor
More than 2 billion UST were withdrawn from the Anchor protocol in less than two days against the decline in the rate of return on deposits.
TRON Founder H.E. Justin Sun Announces the Launch of USDD — a Decentralized Stablecoin
H.E. Justin Sun, Founder of TRON, announced today in an open letter on Twitter that an all-new stablecoin is launching on the TRON blockchain, USDD (or Decentralized USD), marking its official entry into the field of decentralized stablecoin.
Binance Burns $740M in BNB Tokens
Crypto exchange Binance has burned 1,839,786.26 BNB, including 9,403.78 BNB through the Pioneer Burn program.
China to Expand Digital Yuan Testing Program
The People’s Bank of China (PBOC) will expand the digital yuan (e-CNY) pilot test to even more cities.
Fantom Network Will Launch the Algorithmic Stablecoin USDB
The Fantom project has announced it will launch its stablecoin USDB with high-yield liquidity pools as collateral.
Tether is to Launch a 100 Million Swiss Francs Fund at Blockchain Hub in Lugano
Tether, one of the participants in the “plan ₿” project for the Swiss city of Lugano, has announced it plans to launch a fund of at least 100 million Swiss francs.
ANZ Bank Releases A$DC Stablecoin Pegged to Australian Dollar
Australian bank ANZ Bank has announced it has launched an Ethereum-based A$DC stablecoin pegged at a ratio of 1:1 to the Australian dollar.
