Once again, our prediction comes true: financial regulators have rapidly increased the pressure on stablecoins. More so than cryptocurrencies in general, they view them as the main competitor to fiat money today. On September 20, speaking to a Washington Post columnist (https://www.washingtonpost.com/washington-post-live/2021/09/21/path-forward-cryptocurrency-with-gary-gensler-us-securities-exchange- commission-chair /), chair of the US Securities and Exchange Commission (SEC) Gary Gensler…
What is the proper pronunciation the name of the project? My belief is that the correct pronunciation is “Oiler”. Most people say “U-ler” when they say this. The name comes from a famous Swiss mathematician, and he did a lot of study on the compound interest rate formula. And from the compound interest rate…
Cryptocurrencies are known for their volatility, while developing countries have infamously unstable economies. But when the former is combined with the latter, it surprisingly leads to both stability and economic growth. Among the reasons for the popularity of cryptocurrencies in developing countries is the chance they give to raise your standard of living (and maybe…
How was a UXD project created? It’s what makes it unique? It first started in summer of 2020, so it’s been almost a year since we first launched. Basically, how I came up with the idea is I was reading an article on Heather and an article that was critical of Heather, of how it…
Cryptocurrencies are known for their volatility, while developing countries have infamously unstable economies. But when the former is combined with the latter, it surprisingly leads to both stability and economic growth. People in the EU or North America, citizens of countries that set the global agenda, for the most part, still look at cryptocurrencies with…
As we anticipated, the American and European financial systems are actively resisting the “new money”. In the US, the Treasury has joined the SEC in its efforts, and in the EU, the opposition comes from the European Central Bank. In mid-September, the US Department of the Treasury was reportedly developing guidelines for stablecoin issuers. Once…