Tag: stablecoins
All news related to cryptocurrencies pegged to other assets, such as the US dollar.
Circle’s CEO Says SEC Should Not Regulate Stablecoins
Reading Time: < 1 minuteCircle CEO Jeremy Allaire has urged the SEC not to regulate stablecoins as securities.
NYDFS: Paxos Has Violated its Obligation to Conduct Individual Periodic Risk Assessments
Reading Time: < 1 minuteInfrastructure company and stablecoin issuer Paxos reportedly failed to secure BUSD, which could lead to misconduct.
PayPal Suspends the Development of its Stablecoin
Reading Time: < 1 minutePayPal announced last week that it was suspending the development of its digital currency.
Tether Earned $700M in Q4 2022 Net Income
Reading Time: < 1 minuteTether Limited recorded a net profit of $700 million in October-December.
Aave Launches its GHO Stablecoin on Ethereum Testnet
Reading Time: < 1 minuteAave Companies has launched the GHO stablecoin on the Ethereum testnet Goerli.
The BIS Plans to Develop a Platform for Monitoring Stablecoin Reserves
Reading Time: < 1 minuteThe Bank for International Settlements has announced that it is working on the creation of a monitoring system for the sufficiency of backing “stablecoins.”
Visa Announces Launch of Platform for Exchanging Stablecoins for Fiat Money
Reading Time: < 1 minuteThe company plans to build a global blockchain payment infrastructure whose underlying asset will be fiat-backed stablecoins.
Circle: The SEC is Not The Reason for Termination of Our Agreement with Concord Acquisition
Reading Time: < 1 minuteThe Securities and Exchange Commission has not caused Circle to terminate its agreement with Concord Acquisition as part of the SPAC merger.
COTI Plans to Launch its Own Stablecoin on Cardano’s Blockchain
Reading Time: < 1 minuteCOTI Network has announced it plans to launch its algorithmic stablecoin Djed next month.
The Market Cap of Stablecoins Falls by 8% in 9 Months
Reading Time: < 1 minuteInvestors have withdrawn more than $14.3 billion from stablecoins since the start of spring.
USDT Issuer Tether Helps Binance Swap 3 Billion USDT from Tron’s to Ethereum’s Network
Reading Time: < 1 minuteTether, the issuer of the stablecoin USDT, has helped crypto exchange Binance swap 3 billion USDT from Tron to Ethereum.
Platypus Launches Native Stablecoin USP
Reading Time: 2 minutesHong Kong, Hong Kong, 13th December, 2022, Chainwire Platypus Finance is launching USP, a protocol-native stablecoin. USP’s deployment has emerged from Platypus’ goal of improving capital efficiency for its users. […]
63 Suspects of Laundering $1.7B Through USDT Are Arrested in China
Reading Time: < 1 minuteThe Chinese authorities have arrested 63 people in a massive operation for reportedly laundering $1.7 billion using Tether’s USDT.
Coinplay Welcomes World Cup Bettors With 100% Bonus Worth up to 5,000 USDT
Reading Time: 2 minutesWillemstad, Curaçao, 12th December, 2022, Chainwire Licensed crypto sportsbook Coinplay has unveiled its largest welcome bonus to date. Designed to coincide with the World Cup knockout stages, the promotion will […]
Coinbase Offers its Users to Convert USDT to USDC
Reading Time: < 1 minuteCoinbase has launched a campaign aimed at retail customers convert Tether (USDT) to the “reliable and trustworthy stablecoin” USD Coin (USDC) at no fees.
Tether Launches a Stablecoin based on Yuan on Tron’s Blockchain
Reading Time: < 1 minuteUSDT issuer Tether has recently released a stablecoin on the Tron blockchain tied to the Chinese yuan.
Uniswap Unveils an NFT Aggregator
Reading Time: < 1 minuteDecentralized exchange Uniswap has launched its own NFT aggregator.
WBTC and stETH Lose Their Link to The Original Assets
Reading Time: < 1 minuteWrapped tokens Wrapped Bitcoin (WBTC) and stETH from liquid staking service Lido have lost parity with Bitcoin and Ethereum, respectively.
Candy Club Offers 100,000 Candy-USDT Reward for World Cup Celebration
Reading Time: 2 minutesHong Kong, Hong Kong, 21st November, 2022, Chainwire With over 100,000 candy-USDT in prizes, Candy Club World Cup extravaganza will turn up the heat with crypto winter and give crypto […]
JPMorgan: Investors Are Leaving Crypto Industry
Reading Time: < 1 minuteThey have recorded a sharp decline in the capitalization of fiat-backed digital currencies, which suggests investors are leaving the crypto sphere.
LFG Used $2.8B Fund to Bail Out UST
Reading Time: < 1 minuteThe organization spent about $2.8 billion in reserve fund to protect TerraUSD (UST).%%title%%
Tether Freezes FTX’s $46M in USDT
Reading Time: < 1 minuteTether Limited has blocked 46,370,701 USDT on the Tron blockchain, owned by FTX, at the request of law enforcement agencies.
USDC Will Integrate With Decentralized Social to Bring Web3 to The Masses
Reading Time: 3 minutesLos Angeles, California, 3rd October, 2022, Chainwire A USDC integration with DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, is launching next week […]
US Court Orders USDT Issuer to Disclose Stablecoin Collateral
Reading Time: < 1 minuteA court in New York has ordered Tether Limited to provide financial documents.
MAXUSDT (TRX) Perfected Cloud Mining Platform and Present Risk-free and Seamless Cryptocurrency Mining
Reading Time: 3 minutesThe blockchain and cryptocurrency markets have seen tremendous growth over the last decade.
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