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Tether reduces commercial paper exposure to zero, replaces investments with T-Bills
13.10.2022
The USDT issuer has faced criticisms for its exposure to commercial paper and, specifically, its alleged holdings of Chinese commercial paper
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero
13.10.2022
The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills
Onomy hybrid DEX’s expansion to Shimmer’s stablecoin unlocks Web3’s growth
13.10.2022
Onomy is greatly excited and takes immense pleasure in making its formal announcement that they are in the due process of connecting its Hybrid DEX, all bridges, and its collection of stablecoins, onto the Shimmer network. However, this will, in the opinion of the team at Onomy, pave the way...
Russian stablecoin usage surged after Ukraine invasion: Report
13.10.2022
According to Chainalysis data, Russia's stablecoin usage has increased since the onset of the war, due partly to ordinary Russian citizens seeking to protect their assets
Financial Stability Board Lays Out G20 Crypto and Stablecoin Plans
12.10.2022
The Financial Stability Board (FSB), an international advisory body created by the G20, has laid out its recommendations for crypto regulation, and said most existing stablecoins are not in compliance.
FSB’s recommendations for crypto and stablecoin regulation were first endorsed by the G20 –...
Tether stablecoin issuer freezes 8.2M USDT on Ethereum: Data
11.10.2022
Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay
Crypto and Payments Firm MobileCoin Launches New Stablecoin – ‘Electronic Dollars’
10.10.2022
The company says Electronic Dollars (eUSD) will be “the first data-protecting stablecoin.”
Over 12,000 Brazil companies declare crypto holdings in record high
10.10.2022
August figures released by Brazil's tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded
Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings
9.10.2022
Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most...
US DOC agency NIST explores security, safety, trust of stablecoins
8.10.2022
The National Institute of Standards and Technology (NIST) found that the top five coins that retained their peg represented 87 % of the total top 20 market capitalization
Distribution of assets is 'not possible at this time', says Luna Foundation Guard
8.10.2022
The fund cited “ongoing and threatened litigation” in its reasons for being unable to distribute its remaining assets to UST users starting with the smallest HODLers
Crypto Biz: NYDIG stacks sats, Elon buys Twitter
7.10.2022
Amid the bear market, positive signs of crypto adoption continue to emerge. Also, Elon Musk is finally moving ahead with plans to acquire Twitter
MakerDAO goes ahead with $500M investment in treasuries and bonds
7.10.2022
$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield
Web3 must bridge back into Web2 for real cash flows — Checkout.com VP
6.10.2022
“The seamless payments infrastructure and user experience derived from Web2 will be the backbone of Web3’s success,” said Max Rothman
Decentralized Social Network's DeSo Token Rallies Amid Stablecoin Plans
6.10.2022
Stablecoin Issuer MakerDAO to Invest $500M in US Treasurys, Corporate Bonds
6.10.2022
The transition was initiated by DeFi asset advisor Monetalis and lead by digital asset bank Sygnum
European Regulator Lists What is Needed for 'Responsible Crypto Sector'
5.10.2022
More dialogue between the crypto industry and supervisors, consumer education, “rigorous compliance,” and even a “mind shift” for some crypto firms are necessary for creating a “responsible” crypto sector, said José Manuel Campa, chairperson of the European Banking Authority (EBA)....
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Biden Administration Urges Speed Up of Crypto Regulation as Recession Fears Rise
4.10.2022
US President Joe Biden’s administration urged Congress to pass laws that will clarify how cryptoassets should be regulated, amid increasing fears of a global recession.
The group of financial regulators comprising the US Financial Stability Oversight Council issued a report on Monday, calling...
Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves
3.10.2022
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly...
Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
3.10.2022
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year