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PortuguêsTether is still under regulatory pressure with eyes now cast towards its commercial paper reserves. The firm behind the world’s leading stablecoin, Tether, is facing more regulatory pressure this week…
Continue ReadingPer a Bloomberg report, executives from Tether Limited, the company behind stablecoin USDT, could face a criminal probe for alleged bank fraud. The investigation is currently ongoing with the U.S.…
Continue ReadingThe Tether general counsel has declared an official audit in few months. USDT is a popular stablecoin occupying the third position in global digital assets. As it’s on blockchain that…
Continue ReadingThe largest decentralized exchange (dex) platform, in terms of trade volume, Uniswap has revealed the dex has removed a number of tokens from the platform interface. The community assumes the…
Continue ReadingPaxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and…
Continue ReadingTether’s general counsel said a full audit is coming in months. There will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s…
Continue ReadingGrant Horton has conducted an audit on USDC’s reserves and Jim Cramer has questioned what’s going on with Tether‘s commercial paper reserves. Auditors working for Circle have disclosed the reserves…
Continue ReadingOn July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.”…
Continue ReadingBitcoin has dropped below the $30k mark, while stablecoins go strong as they surpass over $100 billion in total supply. Total Stablecoin Supply Is Now More Than $100 Billion According…
Continue ReadingOver the last few weeks, cryptocurrency markets have fallen in value as most of these assets reached all-time price highs three months ago. Despite the price drops, 2021 has still…
Continue ReadingDespite the tumble in stablecoin activity, average transactions of stablecoins DAI and UST still exceed those of USDT and USDC. Stablecoin usage lost steam amid the recent crypto market downturn.…
Continue ReadingAuthorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was…
Continue ReadingHe stated that stablecoins need stricter regulations if they are to be part of the payment universe. Fed Chairman Jerome Powell told the House of Representatives today that stablecoins should…
Continue ReadingHow embarrassing! As more details about JPMorgan ’s “The Bitcoinization of El Salvador” report come to light, the reality of the situation settles. Traditional organizations don’t have a clue that…
Continue ReadingFitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry. The growth of stablecoins that are not fully backed by safe assets could…
Continue ReadingAre stablecoins actually stable? Tether’s basket of reserve assets raises eyebrows as a new round of debate regarding backing begins. The stablecoin market has been growing exponentially, and last week,…
Continue ReadingYears of regulatory uncertainty around Tether could be offset by newfound investor confidence if an emerging insurance protocol for USDT gains traction. While the value of stablecoins like Tether (USDT)…
Continue ReadingThe second biggest stablecoin by market capitalization is already a multi-blockchain project. Soon, though, USDC will live almost everywhere. According to Coindesk, it will soon be available in, “Avalanche, Celo,…
Continue ReadingBoston Federal Reserve president Eric Rosengren discussed stablecoins in a recent presentation on June 25. Rosengren stressed that stablecoins could be a “disruptor” to prime money market funds and the…
Continue ReadingBoston Federal Reserve President Eric Rosengren notes that Tether could be a “disruptor” to short term credit markets. While a presentation yesterday from Boston Federal Reserve President Eric Rosengren has…
Continue ReadingThe days of 4,000% APY on DeFi liquidity pools could soon be replaced by safer, lower-yielding stablecoin-denominated pools. In times like these, when the entire cryptocurrency market is down and…
Continue ReadingHow Lightning Network startup Strike went from using USDT in El Salvador to helping the country build financial infrastructure with Bitcoin. When El Salvador passed a law making bitcoin legal…
Continue ReadingCNBC’s Jim Cramer has sold off almost all of his BTC holdings, predicting bearish fundamentals will suppress Bitcoin’s price for the foreseeable future. Jim Cramer, the host of CNBC’s Mad…
Continue ReadingStablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation. The growth of stablecoin’s market…
Continue ReadingLooking to build a diversified crypto portfolio? DeFi, stablecoins and oracles are three cornerstone sectors to consider. Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing…
Continue ReadingThe ICHI ecosystem has attracted several high-profile partners, including Solana, Moonbeam, SushiSwap, 1inch Network, Loopring and Bancor. Stablecoin issuing platform ICHI has launched a Decentralized Monetary Authority, or DMA, that…
Continue ReadingDeFi showed tremendous strength during last week’s sell-off as DEX activity and stablecoin stability prove the sector may be ready for mass adoption. The decentralized finance (DeFi) sector faced its…
Continue ReadingDigital currency markets have shed billions once again, as the entire crypto-economy has been cut down from well over $2 trillion to today’s $1.44 trillion market valuation. Bitcoin was coasting…
Continue Reading“Markets now can safely predict Bitcoin and crypto prices will likely exhibit high correlation with credit markets,” said Long. The founder and CEO of Avanti Financial is claiming Tether’s recent…
Continue ReadingDiem, the cryptocurrency project headed by Facebook originally known as Libra, recently announced its plans to launch a stablecoin with its focus scaled back to the United States. The company…
Continue ReadingTether, the largest stablecoin by market cap, has reached a milestone by issuing 30 billion USDT on top of the Tron blockchain. 30 Billion USDT Issued on Tron Tether, the…
Continue ReadingStablecoins backed by fiat and other assets are increasingly gaining popularity, with many more solutions being brought onto the market each year. Bitcoin (BTC) and other cryptocurrencies have opened the…
Continue ReadingThe blockchain stablecoin issuer Tether Operations Limited has recently surpassed a $50 billion market valuation after seeing exponential growth during the last few years. Furthermore, the stablecoin tether has launched…
Continue ReadingThe 50 billionth USDT token has been minted, Tether has confirmed. The market capitalization of Tether (USDT), the world’s largest stablecoin, zipped past $50 billion on Monday, in a sign…
Continue ReadingBitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations has dropped considerably in recent weeks. At the end of February, bitcoin dominance…
Continue ReadingCoinbase announced on Thursday that its Pro trading platform will add stablecoin Tether (USDT). Coinbase Pro will list ERC-20 based USDT over Tether’s in-house Tron network (TRC-20) as early as…
Continue ReadingCoinbase seems to be signaling that the Nasdaq-listed crypto exchange is not concerned about the stablecoin‘s regulatory issues. The United States’ largest cryptocurrency exchange, Coinbase, is listing Tether (USDT) on…
Continue ReadingEthereum is starting to lose ground to its competitors for USDT usage, and Hermez may help to fix that. Tether (USDT) has now launched on Hermez Network, an Ethereum scalability…
Continue ReadingThe three largest stablecoins represent a combined capitalization of $60 billion. Research from on-chain analytics provider Glassnode has revealed that the top three stablecoins represent more than 90% of the…
Continue ReadingBitcoin’s long-to-short ratio has dropped to a five-month low, but bears are not taking the bait, suggesting bulls are still in control of BTC price. Margin trading allows an investor…
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