Bitcoin’s Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months
The dwindling metric points to declining selling pressure in the bitcoin market.
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Stablecoin
Hong Kong’s ZA Bank to Offer Custody Accounts for Stablecoin Issuers
ZA Bank, a virtual bank in Hong Kong, will offer cash custody accounts for institutions that want to issue stablecoins. The organization is in talks with several parties seeking to issue their stablecoins, and this service would be…
Aave Freezes Stablecoin Trading Amid Price Volatility
Aave, a popular lending protocol in the decentralized finance (DeFi) space, has taken action to mitigate the impact of recent price volatility in the stablecoin market. On March 11, the price of USD Coin (USDC), a commonly used stablecoin,…
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin…
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds…