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Moneytech

MoneyTech provides innovative blockchain solutions for financial services, focusing on improving efficiency and security in digital payments and lending systems.

Moneytech

MoneyTech provides innovative blockchain solutions for financial services, focusing on improving efficiency and security in digital payments and lending systems.

Stablecoins   -   Aug 23, 2022 How Can Tornado Cash Problems Affect the DAI Stablecoin?
 DAI market capitalization chart. Source: CoinMarketCap

Decentralized stablecoin had added a stability support with centralized USDC reserve. After Tornado Cash ban this reserve can become a source of problems by itself.

CBDC   -   May 04, 2022 FED white paper on CBDC

January 2022. The US Federal Reserve published a white paper on Central Bank Digital Currency, and the window for public comment is open until May 20, 2022.

a USD price chart. Source: Coinmarketcap
Stablecoins   -   Aug 23, 2022 Liquidity Pool Exploit Led to Acala USD Depeg

Due to the exploit in Acala’s liquidity pool about $3 billion was lost. The aUSD stablecoin lost its peg. Later, almost all the funds were returned in a controversial way.

Alex Harutunian
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Stablecoins   -   Aug 23, 2022 Liquidity Pool Exploit Led to Acala USD Depeg
a USD price chart. Source: Coinmarketcap

Due to the exploit in Acala’s liquidity pool about $3 billion was lost. The aUSD stablecoin lost its peg. Later, almost all the funds were returned in a controversial way.

Alex Harutunian
Stablecoins   -   Aug 23, 2022 How Can Tornado Cash Problems Affect the DAI Stablecoin?
 DAI market capitalization chart. Source: CoinMarketCap

Decentralized stablecoin had added a stability support with centralized USDC reserve. After Tornado Cash ban this reserve can become a source of problems by itself.

Observers
CBDC   -   May 04, 2022 FED white paper on CBDC

January 2022. The US Federal Reserve published a white paper on Central Bank Digital Currency, and the window for public comment is open until May 20, 2022.

Alex Harutunian
Stablecoins   -   Apr 29, 2022 Beanstalk Hacked For $182M Through Mixer

“Beanstalk” — the stablecoin protocol based on the Ethereum network — lost $182 million due to a hacker attack.

Alex Harutunian
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