Tether Again Refutes Claims It Holds 85% Chinese or Asian Commercial Papers

Jul 31, 2022

For the second time in the past two months, the issuer of the world’s most used stablecoin has denied the claims that it holds Chinese commercial paper. Tether notes in a July 27 blog post that it published in its bid to tackle what it considers to be false information plaguing the cryptocurren...

Chinese Government Advised to Regulate Stablecoins in the Aftermath of LUNA Crash

May 31, 2022

There is a suggestion for the Chinese government to extend its cryptocurrency regulation to cover Stablecoins also. This is coming after hundreds of thousands of crypto users around the globe became victims of a crashed coin, LUNA. The LUNA crash became one of the major outcomes of the ...

A Deep Dive into Stablecoins in DeFi

Aug 12, 2021

What is the role of Stablecoins in DeFi? Which is the most successful stablecoin in DeFi? It is necessary for us to understand the current state of stable coins and opportunities in future, thus preparing forward-looking strategic reserves for the changing crypto market. We share our analys...

8btc Interview | Fei Protocol: How to Build a Sustainable Algorithmic Stablecoin

Mar 5, 2021

At present, as DeFi’s cornerstone, stablecoins are still in the stage of being dominated by centralized assets such as USDT and USDC. Traditional decentralized over collateral stablecoins (like DAI), have problems of low asset efficiency. In order to solve this problem, since last y...

8btc Interview | Circle CEO: USDC Gives the Holders More Confidence in Transparency and Regulatory Compliance

Jul 23, 2020

In the last few months, Circle has been actively pursuing new growth opportunities such as the recent expansion to service international customers, and also offering fiat-to-crypto trading, and introduced new asset pairs for USDC on exchanges. On July 23, we (8btc) spoke to Jeremy Allai...

Hong Kong’s “Libra” Cross-border Stablecoin, the First Movement of China’s DCEP Go Abroad?

Jun 22, 2020

Introduction With the closing of China’s National People's Congress and the National People's Congress in Beijing last weekend, one political proposal sponsored by Nanpeng (Neil) Shen, member of the National Committee of the Chinese People's Political Consultative Conference ...

Data Suggests USDT Supply on Exchanges Affects Bitcoin’s Price

May 7, 2020

As Bitcoin has now crossed the $9,000 mark and is hovering around $9,200 at press time, many saw this as a clear sign that the world’s largest cryptocurrency has entered its pre-halving bull run. While it’s still too early to tell whether this will be the case with the latest price spike, there...

How the Ethereum DeFi Ecosystem Reacted to Coronavirus?

Apr 10, 2020

March 2020 witnessed the most volatile day in the price of cryptocurrency ever. Hence it was no surprise the Ethereum DeFi dapp category – as tracked by DappRadar also experienced an all-time high in terms of daily active unique wallet activity. As previously discussed. 12 March 2020 sa...

Growing Spate of CBDCs Like China’s Key to 2020 Being Year of Stablecoin

Jan 18, 2020

Interest in stablecoins started to gain momentum in 2019. Market insiders have now been overly convinced that the growth of this form of digital currency, which seems to have been shot to limelight by Facebook's proposal of its Libra project, will be bigger in 2020 going by developing trends. ...

Stablecoins Might be the Bitter Foe of DCEP

Dec 6, 2019

For state-run digital currencies like DCEP, the biggest competitor may not be the digital currency issued by multinational enterprises such as Libra but the digital assets outside the supervision such as stablecoin. All kinds of altcoins, big or small, have little economic ecology; though ...