Stable.Report Dec. 10th - Dec. 16th
Stablecoin News of the Week:
Basis Update 💀
The biggest news this week was Basis announcement by Basis that the project would be shutting down due to regulatory issues, returning the $133 million dollars in capital raised from a stable of reputable investors such as Bain Capital, Andreessen Horowitz, Stanley Druckenmiller, Polychain Capital, Digital Currency Group, Pantera, etc. The announcement was published on their official website in what was their third project update since announcing the “algorithmic central bank” in April 13th.
The news were widely covered by: Bloomberg, Forbes, Fortune, FinancialTimes, TechCrunch, Recode, as well as on Twitter.
A Brazilian Bank Is Using Ethereum to Issue a Stablecoin 🇧🇷
The Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the Ethereum blockchain and is backed 1-for-1 by Brazilian real. The bank has been experimenting with the stablecoin throughout 2018 and will now use it for tax-deductible contributions to cultural institutions. The design of the token aims to maintain parity with the national currency.
-via Coin Desk
Top Crypto Exchange Binance Adds Circle’s USDC to Its Combined Stablecoin Market 🤝
Crypto exchange Binance in an official post published December 14th has added Circle’s USD-pegged stablecoin USD Coin as a quote asset for several new trading pairs in its combined Stablecoin Market (USDⓈ).
Today’s latest development will add six new trading pairs with USDC as a quote asset: native exchange token Binance Coin (BNB/USDC), Bitcoin (BTC/USDC), Ethereum (ETH/USDC), Ripple (XRP/USDC), EOS (EOS/USDC) and Stellar (XLM/USDC). In addition, Binance is also adding a USDC trading pair with fellow stablecoin Tether.
-via Coin Telegraph
PAX Stablecoin Exceeds $5 Billion in Transactions in First 3 Months 📈
On December 13th, according to Paxos — the blockchain trust company that issues PAX — the coin has has been used in $5,245,958,124.65 worth of transaction volumes, with a market cap of over $174 million (as of press time, slightly down to $159.5), of which the trust company has redeemed “over $136 million.”
-via Coin Telegraph
Crypto Protocol Wanchain Integrates MakerDAO’s Dai Stablecoin 🤝
One of the long-awaited technologies that’s finally coming to fruition in a few projects is cross-chain token transfers. Wanchain’s primary purpose is offering as much, currently between Bitcoin and Ethereum and in the future between several blockchains. Their wallet offers the ability to control tokens on both chains, opening up the world of Bitcoin liquidity to Ethereum holders.
EUBOF Calls for A Blockchain Digital Identity System ☝️
A report prepared by ConsenSys AG working for EUBOF has shed more light on the need for the blockchain digital identity system. The report also details blockchain capabilities that could go a long way in benefiting governments. The EU blockchain report also proposes the need for national governments to embrace digital versions of their national currencies.
At Least 15 Central Banks are Serious About Digital Currency 🏦
These article is referring to the 15 countries mentioned in the IMF’s recent report “casting light on central bank digital currencies”, which it digests and also helps by providing a handy infographic on the banks’ rationale for engaging in such effort.
Inside The Controversial Stablecoin Craze 🕵️♀️
An overview of recent developments in the stablecoin ecosystem, with a mention of the Stablecoin New York event last month and interviews from Argon Group, Steven Nerayoff, Wall Street Blockchain Alliance, Stasis.
Pictures from Stablecoin New York Event on Nov. 26th 📷
The Stablecoin.Foundation partnered with Becon foundation last month to organize a stablecoin industry event at the Crypto House the day before Consensus:Invest. Here are the pictures.
Stablecoin.Foundation Partnership with “BlockchaingeDC” 🇺🇸
Stablecoin.Foundation will be organising Stablecoin panels for issuers and their stakeholders (e.g. investors, exchanges, experts and service providers). Joel Telpner (core member of S.F) will be moderating and leading these panels. For information and speaking, sponsorship and exhibit opportunities for this high-end professional event contact firstname.lastname@example.org
How Long Do Investors Plan on Holding Bitcoin? 🔬
In its weekly update, BitBay compares itself against bitcoin and highlights the potential of its solution.
DGX is Officially Listed on Tokocrypto 🇯🇵
On December 13, 2018 — DGX announced that it is officially listed on Tokocrypto. Tokocrypto became the first crypto-to-fiat platform to enable DGX buying and selling transactions against Indonesian Rupiah (IDR).
Everex Wallet — Functionality Update 🧧
Everex announced a few new developments on the Everex Wallet.
Crypto Exchange Gemini Launches Long-Awaited App 📱
Gemini on December 11th 2018 unveiled an app intended to make it easier to buy and sell Bitcoin and other virtual currencies.
7 New Ways To Customize Your Blockchain With Komodo 📲
Last week, Komodo announced a major update to the code base that will be activated on December 15th allowing new ways to customize blockchains running with Komodo’s technology.
HelloGold Foundation Update #18– 13th December 2018 🏁
This update post has a few highlights: Higher trade volume on the app, Smart Saver’s Program, sprint teams working on new products, and ETH, Gold and GOLDX coming to your phone through their mobile app.
We’ll Always Have Bulls 💪
In a December 14th post, LBX cheerfully ensures its users and readers that there is market for blockchain despite the bear market and Bloomberg Businessweek’s cover.
-via LBX, The London Block Exchange
Decreasing the Stability Fee 😇
In a recent post, MakerDAO announced that on December 17th there will be an Executive Vote to decrease the stability fee for Dai from 2.5% to 0.5%. If approved by the community of MKR holders, the new rate will go into effect immediately.
KuCoin Has Listed DAI With Maker (MKR) 🥳
After the successful listing of Gram, DAI is the second stablecoin to join KuCoin. Deposits are now open for DAI with supported trading pairs including BTC/DAI, ETH/DAI, USDT/DAI, and MKR/DAI. And for MKR with possible pairs like MKR/BTC, MKR/ETH, and MKR/DAI.
-via News BTC
Noku Pay — Start Transferring Crypto for Free and in Real Time 📋
In its weekly update, Noku publishes a ‘user-guide’ for its payment system, Noku Pay, supporting stablecoins and general crypto.
Blockchain and Quorum🛠
“Blockchain and Quorum” — Saga’s founder @idosdh with @jonrouach @adir_ron @TyLobban & Umar Farooq discussed Quorum and the Challenges it Addresses regarding blockchain adoption within the financial industry at the @jpmorgan Technology Innovation Symposium in TLV earlier today
-via Saga’s Twitter
Euro-backed stablecoin Stasis vow to release quarterly audits 👨✈️
Malta-based stablecoin issuer Stasis have vowed to conduct quarterly and annual audits of their Euro reserves, offering an element of transparency into the stablecoin market. Stasis hired accounting firm BDO Malta to conduct the audit in a move that will ease the concerns of investors who may be worried due to rumors surrounding Tether’s potential insolvency.
-via Coin Rivet
A Mintroduction ⛏
In its latest post, Synthetix (formerly Havven) briefed its dApp (Mintr), which is for for SNX (Synthetix Network Token) holders to mint synthetic assets (or Synths, such as sUSD) against their SNX and participate in the Synthetix Network.
Blockchain Consensus — What is it and do you need it? 📖
Information Security Advisor of SendGold, Steven Wilson, uploaded an article on December 17th 2018, explaining the importance of blockchain and reasons behind it.
TrustToken & TrueUSD December Update 🎙
In a December post update, TrustToken updates on recent progress made: TrueUSD listed as a quote currency on Binance, Views on TrueUSD from their exchange partners, the TrustToken Stablecoin Code of Ethics, and the latest attestation by Cohen & Co.
Alprockz (APZ) Smart Contract Audit and APZ minting 🙏
In recent post uploaded on December 12th 2018, Rockz showed its gratuities to Swisscom Blokchain and Chain Security for their help with reviewing and auditing smart contracts.
Why Trust Matters 🤝
In this post from December 12th 2018, Rya digs into its most unique feature — p2p loans (“Trust Coin”) based on “leverage”. The Rya ecosystem will use Trust Coin balance as credit score, issuing Trust reward to good actors and Trust penalty to bad actors who may default. Rya warns readers that Trust Coin balance should be viewed as a suggested indication only, “the intelligent lender should always evaluate the borrower using other measures as well in order to protect themselves.”
-via Rya Community
Token & Almoayed Technologies 🎊
Token announced on December 13th 2018 a working POC from its partnership with Almoayed Tech, setting a strong standard for other markets. Token can now deliver full commercial rollouts of open banking services across the region.
-via Token Twitter
XOVRST.BTS product is launched 🎉
XOV launched their Revenue Sharing Token (RST) on the Bitshares network on December 10th 2018. The RST is being announced as an opportunity to invest in the project in return for a share of the revenues from the forthcoming Decentralised Asset Management Platform (DAMP).