Binance, Exchanges, stablecoin

Dan Opondo

AEUR price charts

Binance Halts Trading on AEUR Stablecoin as it Surges Over 200%

On December 5, Binance, the largest global cryptocurrency exchange network, suspended the trading of the Euro-pegged stablecoin AEUR following a price surge of over 200% yesterday. Binance Suspends AEUR The stablecoin was designed to maintain a peg of $1.08, aligning with the EUR-USD rate. However, at some point yesterday, the stablecoin surged to about $3.25, ...

Dan Opondo

Paxos Secures Preliminary Approvals in Abu Dhabi for Digital Asset Services

In an interesting tale of growth, stablecoin issuer Paxos, announced that it earned in-principle approvals (IPAs) to operate in Abu Dhabi Global Markets.  The latest development ensued after the blockchain-focused network earned approval to operate in Singapore.  Paxos Earns Abu Dhabi Approvals Per a press statement via PRNewswire, the stablecoin provider received approval from Abu ...