Bitcoin24h $64,290.63+2.30%

Ethereum24h $1,785.35+1.99%

BNB24h $575.38+0.84%

XRP24h $1.11+1.77%

Solana24h $79.08+1.51%

TRON24h $0.3301-0.18%

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UNUS SED LEO24h $9.56+0.38%

Zcash24h $501.24+7.45%

Meta’s former stablecoin exec launches LightSpark, adopting Bitcoin

After years of attempting to launch a stablecoin for Meta (formerly Facebook), David Marcus has adopted Bitcoin and its Lightning Network.

Basis Cash: The failed algorithmic stablecoin Do Kwon didn’t learn from

CoinDesk revealed failed algorithmic stablecoin Basis Cash was created by Terra’s Do Kwon and BitClout’s Nader Al-Naji.

Third-largest stablecoin UST de-pegged from the US dollar, traded as low as $0.62, and lost over $4 billion in market capitalization.

Fir Tree, which manages $4 billion in assets, reckons Tether is backed by watery Chinese commercial paper tied to troubled real estate plays.

Coinbase wants a slice of the $700 billion remittance industry by encouraging Mexicans to use its stablecoin USDC instead of Pesos.