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New Auditor for Stablecoin Issuer Tether Confirms Slashing of Commercial Paper Holdings
19.8.2022
Stablecoin issuer Tether has cut its commercial paper exposure to $8.6 billion, with a reduction to $200 million on track by the end of the month
Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in Brazil
12.8.2022
Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos...
Tether also confirms its throwing weight behind the post-Merge Ethereum
10.8.2022
We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens,” Tether stated
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...
Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer
8.7.2022
The stablecoin issuer has once again explained that its investment in Celsius has no impact on its USDT reserves
USDC Issuer Circle to Introduce Euro-Backed Stablecoin in U.S.
16.6.2022
The Euro Coin will be backed by euro-denominated reserves held by U.S. regulated financial institutions
Circle Announces the Stablecoin USDC Is Now Supported by the Polygon Network
8.6.2022
Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be withdrawn via a Circle Account and Circle APIs without the need for manual cross-chain bridge technology....
Tether Launches on Polygon, USDT Stablecoin Now Hosted on 11 Blockchain Networks
28.5.2022
Following the company launching a fiat-pegged tied to the value of the Mexican peso, Tether, the stablecoin issuer has announced the firm has launched tether tokens on the Polygon network. The Polygon integration follows the stablecoin being added to the Avalanche and Kusama blockchain networks....
Tether Launches Tokens Pegged to the Mexican Peso on Ethereum, Tron, and Polygon
26.5.2022
The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly launched MXNT tokens will be initially hosted on Ethereum, Polygon, and Tron. MXNT Stablecoin Is Pegged 1:1 to...
Swiss ETP Issuer 21Shares Dives Into US Market With 2 Crypto Index Funds
18.5.2022
The two crypto index funds will only be available to accredited investors
LUNA Issuer Terra Halts Blockchain After Week of Losses
12.5.2022
The price of LUNA has fallen too low to prevent governance attacks, according to Terraform Labs
Financial Giant BlackRock Becomes 'Strategic Investor' in USDC Issuer Circle
12.4.2022
The global fintech firm Circle has entered into an agreement for a new USD 400m funding round with participation from several major players from traditional finance, while making asset management giant BlackRock, Inc. a “strategic investor” in the company.
The funding round, announced by Circle...
BlackRock joins stablecoin issuer Circle's $400M funding round
12.4.2022
Already being the primary asset manager of USDC cash reserves, BlackRock will now also be exploring capital market applications for the USDC stablecoin
USDC Stablecoin Issuer Centre Hires 2 Executives to Oversee Regulation, Operations
12.4.2022
The issuer of the second-biggest stablecoin has hired two new executives to oversee policy and operations
USDC Issuer Circle Raises $400M
12.4.2022
The firm raised $440 million last May
Bitfinex and Tether Launch Public Fund to Support Salvadoran Families Affected by Gang Violence
12.4.2022
Bitfinex, a cryptocurrency exchange, and Tether, issuer of USDT, the largest stablecoin by market cap, have partnered to launch a cryptocurrency fund to support Salvadoran families affected by gang violence. The two companies have donated 25 BTC to start the initiative, and expect many more will...
Stablecoin issuer Circle launches business accounts for USDC transactions
23.2.2022
More businesses are expressing interest in accepting cryptocurrency payments and holding digital assets in their strategic reserves
USDC Sees Native Launch on Avalanche
17.12.2021
USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge it via Ethereum. Now, Circle, the issuer of usd coin (USDC), will allow users to mint the tokens directly...
USDC issuer Circle supports proposal to regulate stablecoin issuers as banks
12.11.2021
"There's a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly," Circle CEO said
CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million
15.10.2021
On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading...