Cryptocurrency giants KuCoin and Circle are joining forces to advance the businesses’ massive efforts to build out a yuan-pegged stablecoin. The two businesses have announced a $10M round to back the project. Stablecoins are digital assets which are designed to keep the value of their trading pairs close to the intrinsic value of a particular… Continue reading KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round
Category: stablecoin
SVB’s mess could become stablecoins’ problem
The financial world was caught in a shock earlier this month after it was revealed that the Panama-based crypto and payments solutions giant, SVB, had suffered a major data and operational breach. The news raised serious worries, particularly in the digital asset space, because SVB had long been known as the go-to provider of stablecoin… Continue reading SVB’s mess could become stablecoins’ problem