European bank admits using stablecoin USDC instead of SWIFT for faster cross-border transfers
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Stablecoin supply has skyrocketed in the last week, with hundreds of millions of dollars of USDT and USDC minted to meet demand. So many traders have chosen to stay in the market rather than just exit the crypto economy altogether
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MORE ...In a letter published on Monday, the Office of the Comptroller of the Currency (OCC) allowed banks in the US to hold funding reserves for stablecoin-issuing companies.
The post US Banks Can Now Hold Reserves on Behalf of Stablecoin Issuers: OCC appeared first on CryptoPotato.
MORE ...DeFi tokens can go from zero to hero then back to zero pretty quickly with the current pump and dump market mentality. Uniswap’s highly anticipated UNI token hasn’t done that exactly but it has lost a lot since its weekend high. When Uniswap’s long awaited UNI token and liquidity pools were announced last week the
The post UNI Prices Slide 35% From Peak, Will They Drop Further? appeared first on Coingape.
MORE ...September has been a busy month for the popular DeFi lending platform, Uniswap. The popular protocol on Ethereum announced UNI’s initial liquidity mining program which is slated to go live on the 18th of September will continue till 17th November. It will essentially target the following four pools on the V2 of Uniswap. According to the
The post Uniswap Announces 4 Liquidity Mining Pools For UNI Token, Starting 18th Sept. appeared first on Coingape.
MORE ...yEarn started as a yield aggregator for DeFi platforms. Built by Andre Cronje, it is now a leading DeFi platform with it’s USP shifting towards vaults and insurance offerings. Behind the scenes, Yearn Finance is a decentralized application built using Ethereum smart contracts. The contracts work closely with Curve.fi which is a liquidity pool for
MORE ...‘No Other Option but More Collateral’: The Short- (and Long-) Term Fixes for Dai’s Broken Peg
Stablecoin demand in yield farming is breaking dai’s peg. Solutions revolve around USDC and Maker’s version of QE, but will these measures last?
MORE ...Yield farming is undoubtedly the hottest topic within the cryptocurrency community as the DeFi craze continues with full force. Here’s an in-depth take on it.
The post What Is Yield Farming? DeFi’s Hottest Trend Explained appeared first on CryptoPotato.
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