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Category Algorithmic stablecoin

Brazil moves to ban algorithmic stablecoins like Ethena’s USDe

Brazil moves to ban algorithmic stablecoins like Ethena’s USDe

New legislation requires all stablecoins to be fully backed by reserve assets and introduces penalties for issuing unbacked stablecoins.
Dubai bans privacy tokens, tightens stablecoin rules in crypto reset

Dubai bans privacy tokens, tightens stablecoin rules in crypto reset

The DFSA said privacy-focused assets are incompatible with global compliance norms as it moves to a firm-led token suitability model and sharper st...
Stablecoin Developer Standard Money Raises $8M to Support Mainnet Rollout

Stablecoin Developer Standard Money Raises $8M to Support Mainnet Rollout

The strategic investment round was led by Yzi Labs and included participation from Gate.io, Crypto.com, and Animoca Brands.
Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC

Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC

Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commi...
Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%

Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%

Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumbl...