stablecoins

Bitcoin and other cryptocurrencies are seen by many as a new form of money. Others query whether these alternative assets truly meet the definition of money from a practical point of view. ‘Money’ is defined by three pillars: as a store of…

WASHINGTON—A U.S. central bank digital currency could one day provide consumers with a level of safety amid a proliferation of privately-issued digital assets such as stablecoins, Federal Reserve Vice Chairwoman Lael…

Tom Merritt shares the most important information you need to remember about stablecoin cryptocurrencies. Image: iQoncept/Adobe Stock You may have heard of stablecoins and thought it sounded like a good idea. After all,…

Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Medha Singh and Lisa Pauline Mattackal and Alun John Article content Stablecoins, the safe and strait-laced cousins of crypto, are…

When America’s oldest money-market fund “broke the buck” in 2008, it was a key moment of the financial crisis. The Reserve Primary Fund had to break its promise to return $1 for every share to its investors in the wake of Lehman…

© Reuters. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration By Alun John,…

New Delhi: Terra blockchain's native token LUNA has eroded its entire value to become merely a penny token. Its 'depegged' and 'unstable' sister concern USD Terra (UST), has eroded about 99.9 per cent of its value in just 72 hours. Terra,…

The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin.Since it launched in 2020, it had mostly done that, rarely straying more than a fraction of a penny from its intended price. That made it an island of stability, a…

WASHINGTON- On Tuesday, Bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap, as investors…

New Delhi: Amid the bloodbath in the crypto market, one crypto project has nosedived the most, wiping out about 60 per cent of its value in just 24 hours. Interestingly, this time it's not a tiny token or a one time wonder, but a…