Stable.Report, Aug.6 — Aug.12
Stablecoins in the wild 🤓
A quick survey of the traction, liquidity, and stability dynamics of the currently active stablecoin projects: Tether (USDT), TrueUSD (TUSD), Dai, and bitUSD.
The World Bank is preparing for the world’s first blockchain bond 🌐
The World Bank mandates Commonwealth Bank of Australia (the largest in the country) to arrange the first ever blockchain bond. Named bond-i, or Blockchain Offered New Debt Instrument, the bond will be created and managed with distributed ledger technology (DLT).
Regulators club together to form global ‘fintech sandbox’ 🌐
Watchdogs from around the world, including the US, UK and Hong Kong, have announced a new alliance as part of plans to encourage the growth of fintech, allowing countries to test new products in multiple countries at the time.
New Facebook group on stablecoins 👩💻
A new stablecoin group on Facebook created by CP Processor
Modern money for modern markets — Part IV 💵
A quick dive to define what money is — for some academics at least — not only the most important characteristic of money and of currency, but also the principal reason behind its origin… being a widely accepted means of exchange. In brief, those who advocate the organic emergence of money in response to the needs of exchange continue to extoll anything informally used to settle a trade as a proper form of money. And that’s quite relevant to learn how currencies once considered informal can suddenly become widely accepted — even by authorities — and vice versa.
Stablecoin Benefits for Cryptocurrency Exchanges and Merchants 🤓
A stablecoin can not only have a wide-ranging impact on the cryptocurrency and digital currency ecosystem, but it can also have a positive impact on the broader financial system. This post summarizes the main benefits to exchanges and merchants, from On/Off ramps, to KYC/AML, to reducing exposure and fees.
MinexPay Report | Week 6 📑
Numbers on the MinexPay VISA crypto cards and updated on KYC processing.
Attestation of TrueUSD Funds — Examined July 31st, 2018 📊
The TrueUSD funds were examined on July 31st, 2018 and contained a balance of $60,932,767.02 (It is now among the top 100 coins by market cap)
Stablecoins Gaining Popularity in India to Minimize Central Bank’s Impact 🇮🇳
A growing number of cryptocurrency exchanges in India are adding stablecoins such as trueusd (TUSD) and tether (USDT) to their platforms. They are part of the solutions exchanges have come up with in order to minimize the impact of the crypto banking ban imposed by the country’s central bank.
Havven is coming to the EOSIO blockchain ✅
Havven will still be staying on Ethereum, but separate networks will exist on both platforms in parallel.
Havven updated dashboard
The dashboard has been redesigned and updated to provide an overview of the Havven network and nUSD.
BitBay’s Dynamic Peg ⚖️
A condensed summary of BitBay’s dynamic, decentralized, and collateral-less system of supply control.
Chat with Greg DiPrisco, head of Biz Dev at MakerDAO 📺
Ethex's CEO Dan Walton discusses DAI’s role in decentralized economy with Greg DiPrisco of MakerDAO.
Interview with Euros Evans, CEO of Etch.work 📺
CryproRich talks with Euros about the latest developments with Etch, plus he announces the Pier Protocol stablecoin and gives details of the airdrop launch.
Kowala kUSD becomes first stablecoin with Ledger support 👛
kUSD is coming to the ledger as one of the first waves of third party apps supported by the wallet. The app itself was built by Kowala in line with publicly available guidelines, and then rigorously checked by the Ledger team before going live.
AMA with Gal Mordechai, Product Manager, Sweetbridge Inc. 🙇🏼
Following the release of the Sweetbridge Roadmap, Gal answered some questions about the upcoming Beta testing and future products and features. If you missed the Q&A on Telegram last week, here is a summary.
Stable.Report’s bi-weekly interview: The White Company 🎙 📺
A casual conversation with Elizabeth White and Edgar Radjabli, founders of The White Company. We discuss the White Standard stablecoin, their upcoming debit card, the stablecoin space in general, and the evolution of money.
Tweet of the week: