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U.S. Senators Ask Facebook To Cease Novi Wallet Pilot Program

Facebook Stablecoin Project Slammed by Five US LawmakersIn an open letter by Senators Elizabeth Warren, Sherrod Brown, Brian Schatz, Tina Smith, and Richard Blumenthal, addressed to Facebook’s Chairman and CEO Mark Zuckerberg on Tuesday (October 19, 2021), the U.S. lawmakers asked the social media company...
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More Trade Volume Than Bitcoin – What Happens If Tether Crashes?

In the world of digital assets, volatility—in a catalytic way—is a key driver of growth. However, this volatility is not appealing to everyone, particularly to those who provide services to crypto firms and are compensated in digital tokens. Crypto initiatives, who hold their resources in...
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MoneyGram Intergrates With Stellar Blockchain For USDC Settlements

MoneyGram's collaboration with SDF will see the use of the dollar-backed stablecoin USD Coin (USDC) to facilitate seamless conversion to fiat and vice versa for customers. USDC Stablecoin for Instant TransfersThe partnership between both parties was announced in a press release by MoneyGram on Wednesday...
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Cardano Set to Launch Djed Stablecoin on Network

This stablecoin will make it easy for developers to launch DeFi projects on the Cardano network, given that it launched smart contracts this month. Moreover, Djed will facilitate cheaper transactions on the Cardano network. First Stablecoin on CardanoCOTI, a software development company, will be behind...
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3 Stablecoins That Are Looking to Dethrone Tether (USDT)

The most popular and the largest stablecoin by market capitalization, Tether (USDT), is well-known in the industry and has been broadly accepted by many crypto fans globally. But, of course, it hasn’t been exempted from controversies around its issuer but remains a heavyweight among the...