Decentralized Currency Carry Trading- The trading opportunities for non-USD stablecoins and NZDS grow
The Decentralized Forex and non-USD stablecoin ecosystem is bubbling. New well-funded protocols are launching across platform blockchains, and volumes on incumbent protocols like DFX are surging. This article explores how traditional forex strategies like carry trading can work in DeFi and specifically with the New Zealand Dollar stablecoin.
TRON Founder H.E. Justin Sun Announces the Launch of USDD — A Decentralized Stablecoin
H.E. Justin Sun, Founder of TRON, announced today in an open letter on Twitter that an all-new stablecoin is launching on the TRON blockchain, USDD (or Decentralized USD), marking its official entry into the field of decentralized stablecoins.
Earn Yield with NZDS – the New Zealand Dollar stablecoin
Fran Strajnar is the co-founder of Techemynt, the issuer of the NZDS, a New Zealand Dollar (NZD) Stable Coin backed 1:1 with physical New Zealand Dollars in a cash and cash equivalent treasury managed by a New Zealand registered financial services provider.
The Future of FX – DFX is a DEX for stablecoins
DFX is an Ethereum-based decentralized exchange protocol with a dynamically tuned bonding curve optimized for fiat-backed stablecoins using real-world FX price feeds. Mainstream adoption of Web 3.0 requires assets that are protected from price volatility. By focusing on fiat-backed stablecoins on the Ethereum blockchain, DFX leverages the existing DeFi ecosystem to bootstrap humanity's next-generation foreign exchange.
Hodlnaut Reduces its Withdrawal Fees for USDT, USDC, DAI, and ETH
Hodlnaut, a crypto interest-earning platform based in Singapore, has just reduced its withdrawal fees for Tether, USDC, DAI and Ethereum.
Techemynt launches New Zealand dollar stablecoin
New Zealand based fintech company Techemynt has launched a NZ dollar stablecoin ‘$NZDs’ - backed one-for-one by New Zealand dollars.
The Japan Cryptoasset Business Association has created a stablecoin subcommittee
The Japan Cryptoasset Business Association (JCBA) has created a Stablecoin Subcommittee to develop an understanding of the potential risks and benefits of stablecoins
Financial Stability Board concerned about stablecoins
The G20’s Financial Stability Board has identified multiple systemic threats to global financial systems should stablecoins be “widely adopted.”
Australian Central Bank says “Nah, mate” to Facebook’s Libra
The Reserve Bank of Australia (RBA) says Facebook’s digital currency, Libra, should not be allowed to launch in Australia without being heavily regulated. It does not believe there will be enough demand to merit the effort required to introduce the currency to Australia.
The stablecoin regulation landscape for 2020
With the announcement of the proposed Libra digital currency in 2019, even skeptical officials were forced to accept that crypto assets are here to stay. Stablecoins are seen as a priority for 2020, with national and global regulators publishing a variety of stablecoin research across the last 12 months.
Three products set to shake up cryptocurrency in 2020
The second decade of the twenty-first century saw cryptocurrency develop from a few obscure blockchain networks into a fully-fledged alternative financial system. What are the next generation of products that will blockchain take a step further?
Stablecoin battle heats up with class-action lawsuit filed against Tether and Bitfinex
Market-leading stablecoin Tether (USDT) is under renewed pressure after a class action lawsuit was filed against Bitfinex and Tether in the United States District Court this week.
Paxos leads rush for regulated gold tokens
As unique assets with no ties to traditional fiat currency, gold and cryptocurrencies have several similarities. Now there’s an attempt to create a new form of sound money - gold-backed crypto tokens.
Tether market cap hits all-time-high
Controversial stablecoin Tether is growing rapidly. The market cap of the cryptocurrency has doubled since January and now sits at a cool $4 billion dollars. What’s driving the demand for Tether?
Stablecoin economy set for continued growth
The stablecoin ecosystem is rapidly evolving — with banks, big tech, and crypto startups all clamoring to offer blockchain-based versions of fiat currencies.
Walmart goes back to the blockchain with new stablecoin patent
Walmart, the US retail giant has submitted an application to patent a use-case for a digital coin that would be backed by fiat currency and linked to customer records.
