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Tether aims to decrease commercial paper backing of USDT to zero
15.6.2022
Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it
Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token
14.6.2022
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows...
The Initial Listing of CloudChat (CC) at Hoo, a Sum of 5,000 USDT Airdrop
14.6.2022
CloudChat token (CC) will be initially listed at Hoo, opening the CC/USDT trading pair on June 07, 2022, at 21:00 (UTC +8). Hoo will also open an AirDrop pool for the CC token in its HooPool. Users will be allowed to stake in CloudChat for 7 days and get rewards in USDT. It is worth …
Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments
14.6.2022
Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to 11% annually on their USDC and USDT funds, with the earnings being deposited in customers’...
Tether: Celsius crisis has no impact on USDT reserves
13.6.2022
The USDT stablecoin issuer Tether denies any correlation between its investment in Celsius and its reserves or stability
Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation
12.6.2022
Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from...
Tether deploys new USDT token on the Tezos blockchain
9.6.2022
The asset will also be available on twelve other networks, including Ethereum, Solana and Polkadot, among others
Japan Adopts Legislation Establishing Legal Framework for Stablecoins
3.6.2022
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of...
These are the least 'stable' stablecoins not named TerraUSD
2.6.2022
Some stablecoins have failed to deliver the dollar's stability to crypto traders long before TerraUSD's collapse
What Is Tether? How USDT Works and What Backs Its Value
1.6.2022
Tether’s USDT is the most popular stablecoin and widely used by traders, although it is not without controversies. Here’s what you need to know about it
Bitcoin Miners Under 'Stress', Euro's Purchasing Power Wanes, Fidelity Beyond BTC + More News
31.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Bitcoin Miners Under 'Stress', Euro's Purchasing Power Wanes, Fidelity Beyond BTC + More News
DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization
29.5.2022
Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi protocol in terms of total value locked...
USDD vs UST: Is Justin Sun's New Stablecoin Just a Clone of UST?
28.5.2022
UST, a stablecoin that's supposed to maintain a price peg with the US dollar 1:1, spiraled out of control to reach as low as USD 0.10 this month. Following the momentous rise of UST in just a few months, only a few predicted its monumental crash, especially with the dominance stablecoins were...
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....
No, the UK Is Not Going to Make USDC and USDT Legal Tender
27.5.2022
Recent news that the government would legalize stablecoins is a qualified welcome for a GBP-pegged token from a trusted UK issuer
‘Other flavors of Tether’ will bridge users to USDT: Paolo Ardoino
26.5.2022
Through a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said
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...
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
22.5.2022
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via...
Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’
20.5.2022
“It was clear to me, it was clear to many that I know that it was a bad idea,” said Tether and Bitfinex CTO Paolo Ardoino
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness
18.5.2022
A Glassnode analyst suggests that the collapse of the UST token has triggered a change in investors' stablecoin preferences; cryptos tick higher in Tuesday trading