In the tumultuous landscape of cryptocurrencies, the investment mechanism behind stablecoins is witnessing a resurgence. This approach, fraught with both allure and risk, aims to create a stablecoin pegged to the US dollar while offering yields comparable to traditional markets.…
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Cantor Fitzgerald, CEO Affirms Tether’s Financial Robustness and Role in Crypto Ecosystem
Tether Holdings Ltd., the issuer of the leading stablecoin USDT, has been a subject of extensive scrutiny over the years. This scrutiny primarily revolves around the real value backing its considerable circulation in the cryptocurrency market. Recently, Howard Lutnick, the…
Tether Treasury minted 1B $USDT on Tron again
In a significant development within the digital asset landscape, Tether Treasury has recently minted an additional 1 billion USDT (Tether) tokens on the Tron network, as confirmed by blockchain sleuth Lookonchain. This latest issuance is part of a larger expansion…
The Future of Stablecoins: Significance and Regulatory Vulnerability
In the rapidly evolving world of cryptocurrencies, 2023 has been a pivotal year. Prominent figures in the industry, such as Sam Bankman-Fried of FTX and Changpeng Zhao of Binance, have faced legal actions from US authorities. However, amidst these developments,…
Altcoins at a Glance – Important Weekly news on XRP, USDT, BUSD, DOGE, and OKX
The market is enjoying some nice pumps and we hope that your bags are all going to the moon. Let us steal you away from the charts for a few minutes to give you the latest Altcoins news. Welcome back…
Binance Announces Termination of BUSD Stablecoin Support on December 15
In a recent announcement, Binance, one of the leading cryptocurrency exchanges, revealed its decision to terminate support for its BUSD stablecoin on December 15. The move comes after Paxos, the company responsible for issuing BUSD, was instructed to cease minting…
Tether’s Massive $2 Billion USDT Printing Injected into BitFinex Exchange Wallets – Is this sign of Crypto Bull run?
In recent weeks, Tether (USDT), the popular stablecoin, has been making waves in the cryptocurrency space. With significant USDT printing and its strategic allocation, Tether seems to be positioning itself for what many believe could be the most significant bull…
Circle’s Bridged USDC Standard Paves the Way for Seamless Integration and Native Issuance on Emerging Blockchain Networks
In the rapidly evolving landscape of Web3 and blockchain technology, permissionless composability has emerged as a driving force behind the growth of innovative applications and decentralized networks. Leveraging existing open technologies, Circle’s USDC has become a trusted dollar-backed stablecoin, thanks…
Tether Takes Stand: $225M Frozen in Anti-Trafficking Move
In a proactive maneuver against nefarious undertakings within the cryptocurrency domain, Tether, a preeminent global stablecoin entity, has opted to take a resolute stance. This significant initiative involved the voluntary freezing of approximately $225 million worth of USDT tokens, ensconced…
Paxos Obtains Regulatory Approval in Singapore for US Dollar Stablecoin Initiative
In a notable stride, Paxos, a forefront blockchain platform, has attained preliminary endorsement from the Monetary Authority of Singapore (MAS) for its venture, Paxos Digital Singapore. This endorsement marks a significant breakthrough, permitting Paxos to extend its stablecoin platform denominated…