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Nalezeno "us stablecoin": 3832

Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable:’ Kaiko

22.5.2023
Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion

Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions

21.5.2023
From the beginning of this year, the crypto economy has surged by 41.77%, reaching a current market capitalization of $1.17 trillion. However, amidst this growth, the stablecoin economy experienced a substantial loss of $7.3 billion within a span of 140 days. Stablecoins Experience a Significant...

Crypto is Losing the Sense of Rarity: Does It Matter?

21.5.2023
Robert Quartly-Janeiro is the Chief Strategy Officer of the Singapore-based Tier-1 cryptocurrency exchange Bitrue.__________ As I was flicking through the weekend supplement of a well-known financial newspaper, the number of luxury watch advertisements I had to bypass got me thinking: with...

Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan

19.5.2023
Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said

Stablecoin survival: Navigating the future amid global de-dollarization

19.5.2023
The stablecoins with the largest market cap are pegged to the U.S. dollar, so what risk does de-dollarization pose to stablecoin users?

Stablecoin issuers have spent over $1.3M lobbying Congress since 2022

19.5.2023
Tether and Circle have been leading lobbying efforts among stablecoin issuers as they push for legislation and regulations for stablecoins

US House stablecoin hearing focuses on competing bills for regulation

18.5.2023
The answer to the question of what level stablecoin issuers are regulated on “need not be binary,” one witness said

Lawmakers Reveal Differences on Stablecoin Bills in House Hearing — Will They Find Consensus?

18.5.2023
House Democrats and Republicans are seemingly divided on how to regulate stablecoins but are finding consensus that some form of legislation is needed. House Financial Services Committee Chair Patrick McHenry, R-N.C., and former chair of that committee Rep. Maxine Waters, D-Calif., worked together...

U.S. Hearing Highlights Stablecoin Rift in Competing House Bills

18.5.2023
U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel

USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default

17.5.2023
Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said

Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin

17.5.2023
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion....

Rep. Maxine Waters Ushers In Stablecoin Bill Ahead of Thursday House Hearing

17.5.2023
Rep. Maxine Waters is ushering in a draft bill to regulate stablecoins ahead of a House hearing this week. The California Democrat’s draft bill would “provide requirements for payment stablecoin issuers, research on a digital dollar, and for other purposes,” according to a committee memo...

Tether Plans 15% of Its Net Profits Into Bitcoin in Move of Confidence

17.5.2023
Tether, the world’s largest stablecoin issuer by market capitalization, said it is planning to invest 15 percent of its net profits into bitcoin to strengthen its reserves. Tether said it expects the move to “strengthen and diversify” its reserves of its $1 pegged stablecoin, in a statement...

Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits

17.5.2023
The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings

Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD

13.5.2023
Jump Trading and its CEO Kanav Kariya are accused of violating United States regulations and unjust enrichment in the lawsuit

Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions

13.5.2023
Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy...

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro

12.5.2023
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail...