Auto Added by WPeMatico

Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries

Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization.

Continue ReadingBinance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to…

Continue ReadingIran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil