On December 29, the Vader team informed users about the closure of the Vader Protocol US Dollar (USDV). This decision was due to the fact that the algorithmic stablecoin functioned as Terra, which is dangerous, and no effective restructuring methods were found.
Experts are sharing their observations and predictions for 2023. We have saved you time and summarized the key points. Also, couldn't help dropping in a few predictions of ours.
On December 29, the Vader team informed users about the closure of the Vader Protocol US Dollar (USDV). This decision was due to the fact that the algorithmic stablecoin functioned as Terra, which is dangerous, and no effective restructuring methods were found.
Experts are sharing their observations and predictions for 2023. We have saved you time and summarized the key points. Also, couldn't help dropping in a few predictions of ours.
Coin Metrics released a review on the state of the network, the data showed that 2022 was a record year for payments in stablecoins on the network. The amount of transactions in stablecoins amounted to $7.4 trillion.
The President of Palau, Surangel Whipps Jr., spoke about the upcoming launch of a national stablecoin pegged to the dollar. Ripple will help the island state to implement its plans.
From 2023, the Financial Services Agency of Japan will legalize the distribution of foreign stablecoins in the country. At the same time, Kraken crypto exchange is shutting down work on the Japanese crypto market.
The government has approved the release of its own stablecoin for the province of San Luis, which will be pegged to the US dollar, as well as fully backed by liquid assets of the province.
Jewel USD (JUSD) will be the first stablecoin dollar-linked issued in Bermuda. The stablecoin will work on the Polygon blockchain, first transactions will be available to institutional clients, and later they will become available for commercial payments and individuals.
