Stablecoin

Stablecoin Terra Receives Investment from HashKey

A blockchain project Terra has recently received an amount of investment (the number is masked to public) from a blockchain investor based in Hong Kong, HashKey Capital. The co-founder of Terra, Daniel Shin commented, “HashKey Capital has a great presence across Asia, especially in Hong Kong and mainland China, and we look forward to exploring those regions together.”

Terra Stablecoin Alliance Welcomes Singang Market

The Sinsang Market (a business-to-business fashion platform based South Korea) has joined the Terra Alliance ecosystem, a stablecoin-focused association of large e-commerce companies. Daniel Shin, co-founder of Terra Stablecoin commented, “From experience, I know that faster, more secure transactions at a fraction of today’s fees could be a game-changer for many e-commerce platforms,”

MEDSiS Teams-up with WTIA For Stablecoin Payment System

The World Token Issuing Alliance (WTIA) and MEDSiS International (a financial service firm based in US) have entered into deeper partnership in Argentina. The agreement reported empowering the Argentinian registration and payment system powered by Maxwell stablecoin. The CEO of MEDSiS, Joshua Dax Cabrera explained, “Maxwell is key to the SUPOFEPRA project. It will help stabilize the unbanked and add jobs and opportunities to new populations like never before.”

Walmart Makes Move Into Crypto, Files For Stablecoin Patent

A global retail major, Walmart has made public that it has filed application with US Patent and Trademark Office (USPTO) for its own stable cryptocurrency which is most likely pegged to USD. In its statement: “Using a digital currency, low-income households that find banking expensive, may have an alternative way to handle wealth at an institution that can supply the majority of their day-to-day financial and product needs.”

Hemp Seed-Backed Stablecoin SWX Sown By Swissx Bank

The Swissx Bank of Cannabis (SBC) is has released the world’s first stablecoin pegged to the price of legal cannabis which was launched by Greece based billionaire, Alkiviades David in the same event the Swissx Global Hemp Exchange, the project’s trade forum to aid international expansion was also launched. David said,”…We’ve used Swiss financial know-how to create the first bank and cryptocurrency entirely optimized for the legal cannabis industry,”

Taringa! Offers Stablecoin Rewards To Its Users

Taringa! (a social media giant for South America) has partnered with MakerDAO, Airtm (a e-wallet provider) to glide its stablecoin-powered points system for its 27 million strong user base. The pilot program called ‘Taringa! Pioneers’ which will be a rewarding system for its users who gets points for creating popular platform content, which can then be monetized by being converted into MakerDAO’s Ethereum blockchain-based stablecoin DAI.

Binance Charity Support Feminine Health With Stablecoin

A new stablecoin ‘Pink Care Token’ has been brought out by Binance Charity & 46 companies (like Tron, IOST, Binance, ZCoin, etc.) with aim of to alleviate period poverty & improve feminine health. Binance Charity head Helen Hai said, “We hope the Pink Care Token Alliance will combine technology with the best parts of human nature – creativity, empathy, and stewardship, which lift humanity into a shared sense of dignity.”

Stablecoin To Honor Canada Day

A company based on Canada, Blockchain Venture Capital Inc has publicised that they have launched a stablecoin in honor of Canada Day, called CADT which will be backed by Canadian Dollar. The firm in its statement, ”Positioned as a first of its kind global stable coin anchored to the Canadian dollar, the CADT stable coin is expected to be widely used both in Canada and on a global scale, by individuals and businesses alike.”

Stablecoin Dukascash Dispatched By Dukascopy

After launching its cryptocurrency Dukascopy (bank based in Switzerland) it has unveiled its new stablecoin Dukascash which is actually three different tokens EUR+, USD+ and CHF+ linked to fiat currencies EUR, USD and CHF respectively and it also released whitepaper for public scrutiny. The bank stated, “Issuance of new tokens will be subject to a public testing phase and limited to crypto industry professionals.”

Pilot On Aid Distribution With DAI By Oxfam

The citizen of Vanuatu have received aid by Oxfam called as UnBlocked Cash in partnership with MakerDAO, ConsenSys and Australian tech startup Sempo. It has successfully completed a month-long trial with DAI stablecoin distributed as a means of exchange. Sandra Uwantege Hart, the head of Oxfam’s Pacific Cash “Typically, cash transfers are much more efficient than providing goods as a form of aid relief, but they are also slow to set up and often bogged down by lengthy financial reconciliation…”