Chain News by Thebittimes.Com

Days after USDN lost its peg with USD, Waves CEO and founder Sasha Ivanov promised that his new stablecoin will be “undepeggable." Sasha Ivanov, founder and CEO of the Waves blockchain platform, is planning to launch a new Stablecoin amid the ongoing crisis of the Waves-backed stablecoin , Neutrino USD (USDN). Ivanov took to Twitter on Dec. 20 to announce the USDN situation resolution plan alongside a new Stablecoin project. “I will launch a new stablecoin,” Waves founder wrote, adding that there is going to be a “USDN situation resolution plan set in motion before.” He stressed that nothing new will be launched or announced until the USDC plan resolution is set in motion. Without specifying the details on the nature of the upcoming stablecoin, Ivanov promised that the stablecoin will be “undepeggable.”  “The most important thing is to make people whole eventually, let's focus on that.” Neutrino USD is an algorithmic crypto-collateralized stablecoin pegged to the United Sta...

The Solana-based automated market maker Orca opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe’s onramp. As the Solana ecosystem comes back from the aftershocks of the FTX liquidity earthquake, one of its leading automated market makers (AMM), Orca, announced a new integration. The AMM revealed a new Stripe integration which will power its fiat-to-crypto onramp, to make decentralized finance (DeFi) more accessible to users both in and out of the existing ecosystem. This new integration now enables fiat purchases, along with fiat-to-crypto transactions. Users can now purchase SPL tokens, which include USD Coin (USDC) and Solana (SOL) with fiat currencies. According to Ori Kawn, the co-founder of Orca, the new integration helps create wider access to economic tools. “With this new integration, we hope to make participating in the DeFi ecosystem even more accessible to the entire Solana community." The Orca Integration marks one of the ...

One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations. The National Bank of Ukraine (NBU) has introduced a draft concept for its Central Bank Digital Currency (CBDC) candidate digital hryvnia , or e- hryvnia . Ukraine’s central bank on Nov. 28 released a statement on the concept of e-hryvnia, which aims to perform all the functions of money by supplementing cash and non-cash forms of the hryvnia as its key purpose. The NBU said it has presented the e-hryvnia concept and continues developing the CBDC project with participants of the virtual assets market, payment firms and state bodies. According to the announcement, the central bank is currently considering and developing three possible CBDC options, depending on design and main characteristics. The first option describes the e- hryvnia for retail non-cash payments with the possible functionality of “programmed” money through smart contracts. A retail e- hryvnia...