Tag: stablecoin

StoneX Group announces stock ticker symbol change to SNEX
December 06, 2018 BY Valentina Kirilova

Fragments rebrands to Ampleforth, introduces a noncollateralized stablecoin Amples

The decentralized store of value protocol Fragments just announced that it is rebranding to Ampleforth. Along with the rebranding news, the company also introduced its new non-collateralized stablecoin called Amples.  Ampleforth now uses an Ampleforth protocol, which moves volatility from unit price to unit count and achieves price stability by algorithmically expanding and contracting supply among holders based on demand. …

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December 04, 2018 BY Mariela Naydenova

This Chinese government-backed company to launch a stablecoin

The Chinese company Grand Shores Technology Group is reportedly developing a stablecoin that will hit the Chinese market in February of 2019. The company is backed up by the Chinese government of Hangzhou, which is the capital of the Zhejiang Province. Grand Shores Group is a company engaged in blockchain and construction services. According to…

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October 23, 2018 BY Mariela Naydenova

Coinbase adds its first Stablecoin

Coinbase has just added its first stablecoin for its customers to "enjoy". According to the blog post that the company posted, the new coin will be none other but Circle's USD Coin or simple USDC, which is fully collateralized by the US dollar. Starting from today, October 23th, Coinbase users will be able to transact…

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October 01, 2018 BY Mariela Naydenova

Andreessen Horowitz invests in a stablecoin crypto project

Stablecoins are created by governments to decrease the volatility of regular cryptocurrencies by pegging the value of digital coins to either fiat currencies, some commodity such as gold or other cryptocurrencies. There are several kinds of stablecoins, including those directed towards the private sector, called retail ones and those for the state, called wholesale. One…

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Kowala’s kUSD becomes first stablecoin with ledger hardware wallet support
August 09, 2018 BY Valentina Kirilova

Kowala’s kUSD becomes first stablecoin with ledger hardware wallet support

Kowala, a stablecoin protocol that maintains price-pegs to fiat currencies by robotically minting and burning coin supply in accordance to user demand, has announced that their flagship project, the dollar-tied “kUSD”, is the first stablecoin to win public platform support from Ledger — the crypto hardware wallets company. The importance of Ledger’s decision to publicly…

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