stablecoins

Pegged For Success: Stablecoins Bid For Wider Adoption; Increasingly Embraced By Users And Exchanges

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Pegged For Success: Stablecoins Bid For Wider Adoption; Increasingly Embraced By Users And Exchanges

This year, stablecoins have extended their influence beyond the crypto market. In recent years, the sector experienced significant growth, with the value of the global stablecoin market exceeding $100 billion. This growth is primarily driven by the growing interest in crypto from traditional institutions: capital inflows into Bitcoin ETFs have set a benchmark, marking the … Read more

South Korea Puts Cryptocurrency Company Terraform Labs’ Staff On No-Fly List

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South Korea Puts Cryptocurrency Company Terraform Labs’ Staff On No-Fly List

Last Updated: June 22, 2022, 15:17 IST A representations of cryptocurrencies. (Illustration Reuters) Losses associated with the stablecoin also contributed to difficulties at US-based crypto lender Celsius, which suspended withdrawals this month, and Singapore-based crypto hedge fund Three Arrows Capital Several employees of South Korea-based Terraform labs, the company behind the stablecoin TerraUSD, which collapsed … Read more