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Stablecoin Issuer Circle Files to Shift Legal Home to U.S. From Ireland Ahead of Planned IPO: Bloomberg
15.5.2024
Circle recently filed court paperwork to make the move, according to a company spokesperson
Stablecoin Issuer Circle Plans US Transition for Legal Operations, Leaving Ireland Base
15.5.2024
Stablecoin issuer Circle plans to relocate its legal base from the Republic of Ireland to the US. Bloomberg reported on Wednesday that the company recently filed court paperwork to re-domicile.
The post Stablecoin Issuer Circle Plans US Transition for Legal Operations, Leaving Ireland Base appeared...
Stablecoin Issuer Tether Hits Back Deutsche Bank’s Argument Over its Solvency
10.5.2024
Deutsche Bank criticized Tether stablecoin, questioning its solvency and its industry standard for crypto derivatives.
The post Stablecoin Issuer Tether Hits Back Deutsche Bank’s Argument Over its Solvency appeared first on Cryptonews
$60 Million USDT Already Issued on TON, Making it 11th Largest Blockchain for Tether
22.4.2024
The world's leading stablecoin issuer Tether has made a fast start on The Open Network (TON), issuing $60 million worth of USDT since integrating with the blockchain on April 19th.
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Nigerian Blockchain-Based Payment Startup, Ivorypay, Partners With Stablecoin Issuer, Tether
21.4.2024
A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across...
Hong Kong Welcomes Crypto With New Initiative For Stablecoin Issuers
5.4.2024
A crypto-supportive bank in Hong Kong is already in touch with five corporate clients planning to become stablecoin issuers.
The post Hong Kong Welcomes Crypto With New Initiative For Stablecoin Issuers appeared first on Cryptonews
Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit
3.4.2024
Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion demonstrates the robust information technology control...
Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox
14.3.2024
On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into...
Tether Launches Recovery Tool for Migration of USDT Across Blockchains in Case of Disruptions
5.3.2024
Tether, a major stablecoin issuer and one of the leading players in the crypto market, has introduced a recovery tool to facilitate the seamless migration of its USDT stablecoin between different blockchains.
The post Tether Launches Recovery Tool for Migration of USDT Across Blockchains in Case...
Circle and NFT-Driven Game ‘Overdare’ Collaborate on Web3 Wallets and USDC Payouts
26.2.2024
Stablecoin issuer Circle and South Korean NFT-driven metaverse ‘Overdare’ are teaming up to allow game developers to build in-game Web3 wallets within the platform.
The post Circle and NFT-Driven Game ‘Overdare’ Collaborate on Web3 Wallets and USDC Payouts appeared first on Cryptonews
Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain
22.2.2024
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron...
Circle Drops TRON Support for USDC, Citing Risk Management
21.2.2024
Stablecoin issuer Circle will stop supporting USDC on the TRON blockchain, as part of concerns under its risk management framework.
The post Circle Drops TRON Support for USDC, Citing Risk Management appeared first on Cryptonews
$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest
16.2.2024
On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this recent influx of funds and a previous $6.5 million investment from Maelstrom, overseen by Arthur Hayes, in July 2023, the company’s post-valuation has risen to $300...
Tether Leads Crypto Mobile App Oobit’s $25 Million Series A Funding
5.2.2024
Tether announced today that it led a $25 million Series A funding round for crypto mobile payments app Oobit. Crypto’s biggest stablecoin issuer said the funding will contribute to Oobit’s ongoing development. The mobile app enables users to tap and pay for goods and services with their...
Stablecoin Issuer Tether Leads $25 Million Funding Round for Mobile Payment Startup Oobit
5.2.2024
On Monday, Tether, the leading issuer of stablecoins, revealed its role as the lead investor in the Series A funding round of mobile payment startup Oobit, which successfully garnered $25 million. The investment round saw contributions from notable entities such as Titan Fund, Solana’s Anatoly...
Tether’s ‘Record-Breaking’ Q4 Profit Partly Attributed to Gold and BTC Price Appreciation
1.2.2024
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid...
Report: USDT-Issuer Tether Purchased 8,900 BTC, Worth $380 Million
18.1.2024
Source: AdobeStock The world’s largest stablecoin issuer, Tether, has reportedly expanded its Bitcoin holdings by acquiring an additional 8,888 BTC. This latest purchase cost a whopping $380 million. You cannot overstate how crucial this is for Bitcoin price discovery. Tether is earning ~$1bn/Q...
Stablecoin Issuer Circle Plans to Go Public, Files Confidentially With US Securities Regulator
11.1.2024
Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle...
USDC Stablecoin Issuer Circle Confidentially Files For IPO
11.1.2024
Source: AdobeStock Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators. Their IPO registration follows a series of historic approvals by the Securities and Exchange...
Stablecoin Issuer Circle Internet Files for IPO
11.1.2024
The number of shares to be offered and the price range for the proposed offering hasn't been set