Stablecoins play an increasing role of importance in the cryptocurrency industry. Over half of a dozen currencies pegged to the US Dollar exist already. PwC will back yet another competitor in this expanding market. PwC Sees Merit in Stablecoins The new partnership between Cred and PwC is rather intriguing. The top accounting firm wants to...
PWC which is short for PricewaterhouseCoopers is a highly respected and very popular accounting firm. Over the past months, the firm has impacted the crypto space with its reports and analytics tool. The accounting firm is now providing support for a digital currency. Specifically, a USD backed stable coin. PWC Partners With Cred To Create […]
One of the biggest problems facing cryptocurrencies today is their extreme volatility. By the end of this guide, you will have a solid understanding of how fiat-backed stablecoins work to minimize volatility, the specific mechanisms used by some of the most popular fiat-backed stablecoins, as well as some the larger implications that fiat-backed stablecoins may have for the crypto industry.
There has been some suspicious USDT activity on Bitfinex Wallet over the past 24 hours. Just last night, more than 100 million USDT was removed from circulation and Bitfinex sent unidentified addresses millions of USDT. This unusual activity of the Tether has raised eyebrows within the industry. On Bitfinex alone, over 110 million USDT was […]