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Nalezeno "Stablecoin issuer": 202

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....

NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access

26.4.2023
Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules

Stablecoin issuer Tether accessed US banking system using Signature: Report

4.4.2023
At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank's Signet platform

Tether Gained Access to U.S. Financial System Using Signature Bank: Bloomberg

4.4.2023
Tether CTO Paolo Ardoino, in response to the article, said the company has no exposure to Signature Bank

Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg

23.3.2023
The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed

Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?

15.3.2023
The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny

KuCoin leads $10M funding for Chinese yuan stablecoin issuer

15.3.2023
Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan

Stablecoin Issuer MakerDAO Proposes Additional $750M U.S. Treasury Purchase

7.3.2023
The decentralized autonomous organization behind the DAI coin previously purchased $500 million worth of notes and bonds

Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ

3.3.2023
Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says

Binance USD market cap falls below $10B amid rising regulatory concerns

3.3.2023
As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...

Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure

14.2.2023
The BUSD supply has decreased by more than 6% since Paxos announced on Monday that it would halt issuance due to regulatory pressure

SEC Threatens Lawsuit Against Binance BUSD Stablecoin-Issuer Paxos – What’s Going On?

13.2.2023
The Securities and Exchange Commission (SEC) has said it intends to sue Paxos Trust Company, a regulated New York-based firm that issues several popular stablecoins. The threat of a lawsuit from the SEC came in the form of a letter to Paxos. The letter is a so-called Wells notice, used by...

Breaking: Paxos to face SEC lawsuit over Binance USD: Report

13.2.2023
According to people familiar with the matter, the notice relates to Binance USD, which is being seen by the SEC as an unregistered security

Stablecoin Issuer Tether's Reserves Partly Managed by Cantor Fitzgerald: WSJ

10.2.2023
The Wall Street bond trading powerhouse is managing Tether's $39 billion bond portfolio, according to the report

New York Regulator Launches Investigation into Stablecoin Issuer Paxos – Binance BUSD in Trouble?

10.2.2023
Stablecoin giant Paxos confirmed to be under investigation by New York financial authorities. The New York Department of Financial Services (NYDFS) has acknowledged an ongoing probe. Known for running Binance USD (BUSD), Paxos is an industry leader in stablecoin technology. Offerings also include...