Stablecoins

Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors.

Utility billing and payment services provider Novatti is launching a new Australian dollar-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network in November.

Coinbase is integrating its first stablecoin, joining other top exchanges in what has become a listing race to add Tether’s rising competitors.

NewsCapsule’s Week in Review for week of October 20th, 2018

Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance.

This is the first time the company is expanding to accept cryptocurrency collateral besides bitcoin and ether. It is also the first crypto-backed lender to support loans backed by GUSD.

With the addition of these assets, OKEx now features more stablecoins than any other cryptocurrency exchange.

Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s NC/USDT and NC/USD trading pairs across the market.

The Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY).

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.