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MakerDAO Opens Token Holder Vote on Fee Hike for Ethereum Stablecoin - CoinDesk
MakerDAO Opens Token Holder Vote on Fee Hike for Ethereum Stablecoin - CoinDesk
"Christensen said last Thursday that the DAI’s dollar-peg is “almost at a breaking point” as a lack of organic demand threatens to start a “dangerous feedback loop” driven by “a speculative drop in the price.” He then called for a community poll to guide stakeholder votes about increasing fees and raising the stablecoin system’s debt ceiling."
#CryptoAssets#AltCoins#Stablecoins#DFC
·coindesk.com·
MakerDAO Opens Token Holder Vote on Fee Hike for Ethereum Stablecoin - CoinDesk
MakerDAO Token Holders Approve Fee Increase for Ethereum Stablecoin DAI - CoinDesk
MakerDAO Token Holders Approve Fee Increase for Ethereum Stablecoin DAI - CoinDesk
"After a four-day vote open to all token holders, users of MakerDAO’s dollar-pegged, ethereum stablecoin DAI have voted to increase the costs associated with its primary service – programmatic lending. Finalized Thursday, the first round of voting will put in motion another vote to raise the “DAI Stability Fee” that would increase this cost to users to 3.5 percent, up from 1.5 percent today, pending what appear to be administrative measures."
#CryptoAssets#AltCoins#Stablecoins#DFC
·coindesk.com·
MakerDAO Token Holders Approve Fee Increase for Ethereum Stablecoin DAI - CoinDesk
One of Japan’s biggest banks is launching a digital “coin” to replace cash—without using crypto
One of Japan’s biggest banks is launching a digital “coin” to replace cash—without using crypto
According to a Mizuho spokesperson, J-Coin doesn’t use cryptocurrency or blockchain in any form. That conflicts with numerous reports going back as far as 2017 suggesting that the bank was researching or planning a digital currency pegged to the Japanese yen (paywall).
#Stablecoins#CryptoAssets#Fintech#Blockchain#DFC
·qz.com·
One of Japan’s biggest banks is launching a digital “coin” to replace cash—without using crypto
Interest Rates are the Next Battleground in the Stablecoin Wars
Interest Rates are the Next Battleground in the Stablecoin Wars
So far, dollar backed stablecoins like Tether’s USDT or Circle’s USDC don’t pay any interest to holders of their coin. We think that is about to change in 2019. As of today, the users of stablecoins are effectively giving their providers free loans in return for a service (digitally transferring bank dollar certificates) that is not very distinguished from one provider to the next.
#AltCoins#CryptoAssets#Stablecoins#Blog#DFC
·medium.com·
Interest Rates are the Next Battleground in the Stablecoin Wars
Thoughts on JPM Coin
Thoughts on JPM Coin
JPM Coin has the potential to form the basis of a new interbank settlement network, with a bank-issued digital dollar that may become an alternative to central bank reserves for the settlement of interbank payments.
#Blog#Stablecoins#CryptoAssets#AltCoins#DFC
·mrauchs.com·
Thoughts on JPM Coin
Stablecoins As An Evolution Of Money For A Digitized World And The Place Of Everex In It
Stablecoins As An Evolution Of Money For A Digitized World And The Place Of Everex In It
The Everex eTHB stablecoin is equivalent to one Thai Baht and powered by Ethereum smart contracts. It is the main component of the Everex Wallet application, which allows users to deposit, send, receive and withdraw cash or transfer funds to a bank account in a number of DFC stablecoins representing different national currencies.
#AltCoins#CryptoAssets#Blog#Stablecoins#DFC
·blog.everex.io·
Stablecoins As An Evolution Of Money For A Digitized World And The Place Of Everex In It
IBM Signs 6 Banks to Issue Stablecoins and Use Stellar's XLM Cryptocurrency - CoinDesk
IBM Signs 6 Banks to Issue Stablecoins and Use Stellar's XLM Cryptocurrency - CoinDesk
Six international banks have signed letters of intent to issue fiat-backed stablecoins on World Wire, an IBM payment network that uses the Stellar public blockchain. The network promises to let regulated institutions move value across borders more quickly and cheaply than the legacy correspondent banking system.
#Blog#CryptoAssets#Stablecoins#AltCoins#CrossBorder#Blockchain#Hyperledger#Stellar#DFC
·coindesk.com·
IBM Signs 6 Banks to Issue Stablecoins and Use Stellar's XLM Cryptocurrency - CoinDesk
IBM launches challenge to Ripple and Swift | American Banker
IBM launches challenge to Ripple and Swift | American Banker
The choice of Stellar is a bit surprising given that IBM has been working with the Linux Foundation on Hyperledger Fabric for years. But Hyperledger Fabric is permissioned, private distributed-ledger technology. IBM wanted something more open that any organization could join if it met certain criteria. In World Wire, IBM has created kind of a virtual private network within Stellar. Organizations can register assets and become part of the network, but IBM carefully vets each participant and validator. By contrast, Ripple says it does not know who runs the validator nodes on its distributed ledger. It's really about knowing the validators, but without creating this walled garden that you have to have special permission to join.
#AltCoins#Stablecoins#Blockchain#Blog#CryptoAssets#CrossBorder#Hyperledger#Stellar#DFC
·americanbanker.com·
IBM launches challenge to Ripple and Swift | American Banker
Banks Consider Following JPMorgan Into Digital Currency, IBM Says - Bloomberg
Banks Consider Following JPMorgan Into Digital Currency, IBM Says - Bloomberg
IBM said at least two major U.S. banks are considering whether to follow JPMorgan Chase & Co.’s lead in issuing a stablecoin. IBM said it is also working with six non-U.S. banks on digital currencies, including BNK Financial Group Inc.’s Busan Bank in South Korea, and in the Philippines, Rizal Commercial Banking Corp., which is expected to issue a stablecoin in the second quarter. The banks are awaiting approvals from regulators.
#AltCoins#Stablecoins#Blockchain#Blog#Stellar#Hyperledger#CrossBorder#CryptoAssets#DFC
·bloomberg.com·
Banks Consider Following JPMorgan Into Digital Currency, IBM Says - Bloomberg
IBM Launches A Blockchain-Based Global Payments Network Using Stellar's Cryptocurrency
IBM Launches A Blockchain-Based Global Payments Network Using Stellar's Cryptocurrency
According to IBM, World Wire is the first blockchain network of its kind to integrate payment messaging, clearing and settlement on a single unified platform. Participants are also allowed to dynamically choose from a variety of digital assets for settlement. Currently, World Wire has enabled payment locations in 72 countries, with 48 currencies and 44 banking endpoints.
#Blog#AltCoins#Stablecoins#CryptoAssets#DFC
·forbes.com·
IBM Launches A Blockchain-Based Global Payments Network Using Stellar's Cryptocurrency
MakerDAO Votes to Increase Fees 4% on Ethereum Stablecoin DAI - CoinDesk
MakerDAO Votes to Increase Fees 4% on Ethereum Stablecoin DAI - CoinDesk
"MakerDAO token holders have again voted to increase fees charged to those taking out programmatic loans on the blockchain through its U.S. dollar-backed ethereum stablecoin DAI. The fourth and largest fee hike to the DAI “Stability Fee,” users who take out loans with MakerDAO to generate new DAI will soon be required to pay a 7.5 percent fee when closing out the loan."
#CryptoAssets#AltCoins#Stablecoins#Blog#DFC
·coindesk.com·
MakerDAO Votes to Increase Fees 4% on Ethereum Stablecoin DAI - CoinDesk
MakerDAO CEO on How Dai's Soft Peg to $1 "Became Really Soft"
MakerDAO CEO on How Dai's Soft Peg to $1 "Became Really Soft"
"Since February, MKR holders have agreed on three different raises of Dai’s “stability fees,” which are essentially interest rates people have to pay for borrowing Dai. First came two separate fee hikes of 0.5 percent. When those didn’t work, the community enacted an additional 2.5 percent increase. That didn’t quite stabilize Dai either, so the MakerDAO community is currently debating adding another two percent to the coin’s borrowing rate."
#CryptoAssets#AltCoins#Stablecoins#Blog#DFC
·breakermag.com·
MakerDAO CEO on How Dai's Soft Peg to $1 "Became Really Soft"
IBM World wire – the inevitable rise of Centralized Blockchains – Daily Fintech
IBM World wire – the inevitable rise of Centralized Blockchains – Daily Fintech
IBM World wire focuses on the cross-border payments market with enabled payment locations in 72 countries, 48 currencies and 44 banking endpoints. It supports Stellar Lumens and a USD based stablecoin – thanks to their work with Stronghold. The network will also support stablecoins issued by several of its consortium banks.
#CryptoAssets#Blockchain#CrossBorder#Stablecoins#Blog#DFC
·dailyfintech.com·
IBM World wire – the inevitable rise of Centralized Blockchains – Daily Fintech
Japan’s Crypto Association issues ICO regulation recommendations » Brave New Coin
Japan’s Crypto Association issues ICO regulation recommendations » Brave New Coin
"The JCBA says there is a need to clarify whether security tokens, which are subject to the Financial Instruments and Exchange Act, fall under "Article 2 (1) Securities" or "Article 2 (2) Securities," and suggested the exclusion of security tokens from the Payment Services Act, in order to avoid duplicating regulatory requirements imposed by the Financial Instruments and Exchange Act and the Payment Services Act."
#CryptoAssets#ICOs#STOs#Stablecoins#Regulation#DFC
·bravenewcoin.com·
Japan’s Crypto Association issues ICO regulation recommendations » Brave New Coin
The State of Stablecoins — Update 2018
The State of Stablecoins — Update 2018
"The volatility in stablecoins is not reported very much and seems to be overshadowed by overall crypto volatility. However, stablecoin volatility is the more interesting news. Crypto volatility is nothing new. I’ve talked before about how the decentralized stablecoins are badly designed. This year is demonstrating these problems."
#CryptoAssets#AltCoins#Stablecoins#DFC
·medium.com·
The State of Stablecoins — Update 2018
What is CementDAO?
What is CementDAO?
Cement is a basket of many stablecoins. Stablecoin holders can deposit their stablecoins into the Cement Mixer (that’s what we’re calling the basket), to benefit from increased liquidity, greater stability and protection from risk. The MIXR provides on demand liquidity and a decentralized exchange for stablecoins. Depositing a stablecoin in the Mixer allows you to seamlessly exchange it for any other stablecoin in the Mixer. For example, a holder of TUSD can easily pay a provider that only accepts DAI. USD-pegged stablecoins (e.g. TUSD, USDT, DAI) deposited in the mix are hedged from risk, become fungible and benefit from pooled liquidity sources. Cement creates a marketplace for risk. Users are protected from the risk of failure of any of the underlying stablecoins and from diversification of their exposure. They also have the option to earn returns by absorbing this risk. These rewards are paid out from the fees collected by the Mixer.
#CryptoAssets#AltCoins#Stablecoins#DFC
·cementdao.com·
What is CementDAO?
Maker Price Analysis - Dai may be poised to become the stablecoin of choice for ETH users » Brave New Coin
Maker Price Analysis - Dai may be poised to become the stablecoin of choice for ETH users » Brave New Coin
"Dai may also be poised to become the stablecoin of choice for ETH users, for a variety of reasons. An upcoming Coinbase listing, the potential for ICOs denominated in Dai, payroll sent in Dai, and dApps like Augur using Dai, all point to the need for Dai or something similar in the future."
#CryptoAssets#AltCoins#Stablecoins#MakerDAI#MakerDAO#DFC
·bravenewcoin.com·
Maker Price Analysis - Dai may be poised to become the stablecoin of choice for ETH users » Brave New Coin