Stablecoins

MakerDAO Votes to Increase Fees 4% on Ethereum Stablecoin DAI

Users of the dollar-backed stablecoin DAI have staked MakerDAO governance tokens in favor of supporting a 4 percent raise to stablecoin fees.

Facebook is looking to hire a lead commercial counsel for blockchain to negotiate “partnerships needed to launch new products.”

Six banks have signed up to issue stablecoins through World Wire, an IBM network built on the Stellar blockchain.

MakerDAO token holders could soon be voting on another proposal to increase fees on the loans that issue new holdings of the stablecoin DAI.

Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.

A note from Barclays analyst Ross Sandler sketches out how much Facebook might gain from developing its own cryptocurrency.

Upon first examination, JPM coin is an exciting Wall Street development, but the reality is more complicated, writes Kadena’s Ben Jessel.

Votes have been cast in overwhelming support of increasing borrowing fees to the dollar-backed stablecoin dai.

With the dai’s dollar-peg “almost at a breaking point,” governance token holders are considering whether to raise the “Dai Stability Fee.”

TrustToken has announced a new partnership that it says will allow a “real-time” view of the U.S. dollars backing its TrueUSD token.