Stable.Report Jan. 20th - Jan. 27th
Stablecoin News of the Week:
Iran Inches Closer to Unveiling State-Backed Cryptocurrency 🇮🇷
The virtual currency is expected to be announced during the Electronic Banking and Payment Systems conference beginning on January 29 in Tehran. Iran’s cryptocurrency is expected to be rolled out in phases, first as a rial-backed digital token, to facilitate payments between Iranian banks and other Iranian institutions active in the crypto space, and later possibly as an instrument for the Iranian public to pay for local goods and services.
-via Al Jazeera
Blockstream Breaks into Japanese Market with JPY Stablecoin, Partnership 🇯🇵
Blockstream is partnering with Japanese fintech giant Digital Garage to bring a JPY stablecoin to the Bitcoin network. To spearhead the project, Blockstream and the ¥120 billion (just over $1 billion) firm are working under the label Crypto Garage with the help of Tokyo Tanshi, the “largest inter-dealer broker in Japan w/ billions in trades daily,” according to Samson Mow, Blockstream’s chief strategy officer. The collaborative is building the yen-pegged coin (JPY-TOKEN) on Blockstream’s Liquid network, a Bitcoin sidechain that tacks additional technical features onto the blockchain, like smart contracts.
-via Bitcoin Magazine
Italy Takes Crypto & Blockchain Industry to the Next Level, TTS Crypto is a Stablecoin 🇮🇹
According to Felice Balsamo, electronic voting will be applied to the consultative referendums and the complicated job of preparation of Naples’ merchants such that they can be cryptocurrency-ready during the Universiade of July this year. He also uncovered news concerning book coupons. The list of all those entitled to book coupons for the academic year 2018–2019 is on the Ethereum (ETH) DLT and the document has to go through another review. Then, from next academic year, the paper type will vanish, to make space for a cryptoasset wallet using The Temporary Token (TTS). Eligible Italian nationals will get a contribution to the purchase of their children’s scholastic materials including books in the form of a local token which is valued at a ratio of 1:1 to the euro — a stablecoin.
Asia Ripe for Stablecoin Adoption in 2019 🌏
In Asia’s emerging markets, the technology’s application in the remittance sector is especially promising. According to a recent report by Remitscope, 53 percent of remittance flows worldwide could be attributed to countries from the Asia Pacific (APAC) region. Current traditional money transfers are far from instantaneous or frictionless and often result in the end customer absorbing unnecessary transaction costs. Stablecoins via blockchain technology can improve the speed and stability of these transfers — particularly in countries where financial infrastructure is still in development.
UK’s FCA Proposes Guidelines for Regulating Digital Securities, Stablecoins 🇬🇧
The United Kingdom’s Financial Conduct Authority (FCA) has published proposed guidelines on how to define and regulate at least some cryptocurrencies. The regulations effectively cover any coin that can be deemed a security, and possibly stablecoins or any coin that can be shown to be used as e-money.
Blockchain.com Seeks Undisclosed Stablecoin Partnership by End of 2019: Report 🤝
Crypto wallet provider Blockchain.com is seeking to partner with an unnamed stablecoin project by the end of 2019, the firm’s CEO Peter Smith revealed in an interview with crypto news agency The Block Jan. 21. Blockchain.com, which reportedly provides 32 million wallets, with most of them active to date, is allegedly considering listing a stablecoin on its platform.
Introducing CredEarn, Available On Uphold 🥳
This past Thursday, co-founder Dan Schatt announced Cred’s newest launch — CredEarn. This revolutionary product will enable Uphold users to earn up to 10% on their digital currency assets for favourable rates on BTC, XRP, ETH, Gold, USD, Euro and soon UPUSD and UPEUR stablecoins.
The Block in Davos: An Interview with Circle’s Jeremy Allaire 🎙
The Block CEO Mike Dudas sat down with Circle CEO Jeremy Allaire during WEF’s annual meeting in Davos. They discussed the firm’s growth, its entrance into the stablecoin market, and how it views the institutionalization of cryptocurrencies and digital assets.
-via The Block Crypto
A Beauty of Natural, or How Artificial Diamonds Differ From Their Earthborn Mates 💎
Last year was somewhat revolutionary for the diamond industry. The world’s biggest diamond company, De Beers, recently announced it would start selling synthetic diamond gemstones for the first time in its 130-year history. Artificial diamonds have been manufactured since the 1950s but De Beers has long resisted moving into the synthetic market.
Blockchain Traceability Demo Based on everiToken 🛠
everiToken and eNotes have partnered together to build understanding of how blockchain can empower the Internet of Things industry. They have jointly produced a blockchain traceability demo based on everiToken and recorded a video in this post.
Blockchain Status. 🍾
After a year of development, GoldMint team announced that the Mint blockchain is ready. The smart-contract is already finished and should be launched in February.
GLX Global Stablecoin Launched at the World Economic Forum 2019 🎉
Hélie d’Hautefort, founder and CEO of Globcoin attended the World Economic Forum and its stablecoin, GLX was launched at the event. GLX is the first stable payment coin based on a basket of the world’s top 15 currencies and gold, acting as the most universal of its kind.
Crypto Exchange Huobi Plans To Launch Stablecoin In 2019 🧮
As part of its 2019 agenda, Huobi has announced it plans to launch its own stablecoin. In addition, the CFO of Huobi has also announced that its platform will be expanded and upgraded internationally. Huobi CFO Chris Lee said “2018 brought us huge challenges but I’m personally optimistic about the crypto market. I do think we’ll see things get better this year. This year will be huge for stablecoins and we will be a part of that. Likely Huobi Group will launch its own stablecoin in 2019 in the first half of the year.”
Sukuk Bonds on the Blockchain 🤝
Jibrel recently announced a partnership with Abu Dhabi Global Market (ADGM) and Al Hilal Bank to build the next generation of compliant Sukuk bond transactions. Debt financing forms the pipeline through which liquidity flows into global capital markets.
Project Update #5 📑
The LAPO project announced that the Android wallet Beta version is ready for users. The team appreciates any feedback to determine if adjustments are needed.
A New Oasis 🎫
With Multi-Collateral Dai on the horizon in 2019, it’s time to take a look at another essential piece of the Dai ecosystem: Oasis. One of the first places for people to buy and trade Dai, Oasis played a huge part in the success of the project to date.
Stablecoin Dai Lending Rates Decrease, Total DEX Volume Increases Over 16% ☔️
In the past week, Compound’s Dai supply APR (annual percentage rate) has fallen to around 2.95%, after reaching 11% in December 2018.
-via Bitcoin Exchange Guide
Strong uptake of Flexepin by Bitcoin Merchants in Australia and Canada 🇨🇦🇦🇺🦘
Novatti reported that it is receiving strong interest for its Flexepin Open Loop Voucher Service (“Flexepin”) from Bitcoin merchants in Australia and Canada. The Company has already signed up 20 Bitcoin merchants which have an established customer base that transacts on a regular basis. This provides Novatti with the opportunity to grow its recurring revenue stream as a growing number of customers of these Bitcoin merchants have opted to use the Flexepin cash vouchers to buy bitcoins.
Novatti Integrates TransferBridge with Zapper to Enable International Payments 🤝
Novatti announced that Zapper Marketing Limited (“Zapper”) has selected the Company to enable airtime top-up features on the Zapper app through Novatti’s TransferBridge solution.
Crypto in Davos 📺
Meltem Demirors, Riccardo Spagni (aka fluffypony), Nevin Freeman and George Kikvadze share their views on the near and far future of cryptocurrency at the Innovate Finance event during Davos 2019, hosted by E8 Partners.
How We Marketed Our Product: Insights, Mistakes and Working Strategies 📲
In this post, USDX summarizes its social media strategies. It analyses on its main focused platforms on (1) Twitter, (2) Facebook, (3) LinkedIn, (4) Quora and (5) Reddit.
XOV Lists on the SWFT Blockchain to Reach 154+ countries 🎉
XOV has been confirmed for listing on the SWFT blockchain on January 30th.
XOV Featured in Forbes 📃
The article discusses how blockchain technology can be used for supply chain management. XOV is featured for its plans to create a global blockchain bank and stable digital currency.