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Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report
10.2.2023
The USDT issuer has made inroads into the traditional finance and accounting sectors as it attempts to increase transparency around its holdings
JPMorgan sees deposit token advantages over stablecoin for commercial bank blockchains
10.2.2023
Research from JP Morgan Chase explores the potential of deposit tokens as a stabilizing force in the digital money landscape
PayPal Puts Stablecoin Project on Hold: Bloomberg
10.2.2023
Yesterday it was reported that PayPal crypto partner Paxos was being by the NYDFS
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
Tether's Attempt to Block CoinDesk's Request for Stablecoin Reserve Records Dismissed by New York Court
10.2.2023
A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CoinDesk's request for information about the financial reserves backing the USDT token
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...
Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days
10.2.2023
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease...
MakerDAO partners with Chainlink Automation for DAI stablecoin
10.2.2023
MakerDAO recently announced the successful integration of Chainlink Automation. As the creator of DAI, the protocol has onboarded Chainlink to its Keeper Network. MakerDAO’s Keeper Network acts as an automatic system running particular executions affiliated with Maker. Some of these actions...
Stablecoin issuer Paxos probed by New York regulators
10.2.2023
While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year
Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits
9.2.2023
Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK. Aave Invites Programmers...
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
9.2.2023
The New York Department of Financial Services is investigating crypto company Paxos, though the scope of the investigation is not yet clear
DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin
9.2.2023
Chainlink Automation will run specific tasks, including price updates and liquidity balancing, to help maintain the stability of Maker’s $5 billion DAI stablecoin
Here's Why Cardano's New Stablecoin Could Be a Game Changer
9.2.2023
Read More: Here's Why Cardano's New Stablecoin Could Be a Game Changer
Today in Crypto: Aave Announces Launch of GHO Stablecoin on Ethereum’s Goerli Testnet, MakerDAO Establishes Phoenix Labs, LocalBitcoins Closing down
9.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Aave Announces Launch of GHO Stablecoin on Ethereum’s Goerli Testnet, MakerDAO Establishes Phoenix Labs...
Aave Deploys Native Stablecoin GHO on Ethereum Testnet
9.2.2023
Aave’s GHO is set to join a fierce competition as rival DeFi protocols also issue or are moving to release their own protocol-native stablecoins
Tether assets exceed liabilities in new reserves report by BDO
9.2.2023
As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million
Stablecoin Issuer Tether Reports $700M Profit for Q4 2022
9.2.2023
Its assets as of Dec. 31 stood at $67 billion, with liabilities of $66 billion, almost all of which relates to digital tokens issued
MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin
8.2.2023
The proposed Spark Protocol will leverage Maker’s DAI stablecoin and its crypto assets for liquidity, and would be based on the Aave v3 smart contract system
BIS to launch stablecoin monitoring project and up focus on CBDC experiments
8.2.2023
The bank for central banks is expanding its CBDC research while developing a platform to monitor stablecoin balance sheets
Central Banks Are Working on a Monitoring System for Stablecoin Balance Sheets
7.2.2023
The Bank for International Settlements is spearheading a project that will look into tech tools that could help regulators form policy frameworks for stablecoins based on data