2023-2-22 16:00 |
The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD.
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Stablecoin issuer Tether (USDT) said it holds $1. 5 billion worth of Bitcoin (BTC) in its reserves — equating to 2% of its total reserves. The stablecoin issuer further revealed that it held $3. 39 billion in precious metals like gold.
2023-5-10 19:09 | |
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Circle flagged concerns about Binance's mismanagement of reserves months before New York regulators intervened, according to a Bloomberg report. The move highlights the battle between the two firms for dominance in the high-stakes stablecoin market.
2023-2-14 23:45 | |
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Paxos ends relationship with Binance for BUSD stablecoin. BUSD continues to be fully supported & backed 1:1 with US dollar reserves. Customers can redeem funds in USD or convert to Pax Dollar (USDP).
2023-2-13 14:31 | |
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Stablecoin issuer Tether (USDT) is reportedly using Wall Street financial institution Cantor Fitzgerald to manage its $39 billion bond portfolio, Wall Street Journal reported February 10. The post Wall street institution Cantor Fitzgerald reportedly manages $39B of Tether’s reserves appeared first on CryptoSlate.
2023-2-11 23:29 | |
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The Wall Street bond trading powerhouse is managing Tether's $39 billion bond portfolio, according to the report.
2023-2-10 21:00 | |
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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.
2023-2-10 20:39 | |
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Stablecoin issuer issued its latest attestation report for the fourth quarter of 2022. The company reported a net profit of $700 million in Q4. The profit is in addition to the company’s reserves.
2023-2-10 21:10 | |
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The Bank for International Settlements (BIS) is prioritizing the focus on stablecoins and Central Bank Digital Currencies (CBDCs) in its forthcoming endeavors.
2023-2-8 23:15 | |
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The move comes as the quality of stablecoin reserves continues to receive scrutiny.
2023-1-27 20:02 | |
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The MakerDAO community voted in favor of keeping Gemini USD stablecoin as part of the protocol’s DAI stablecoin reserves amid concerns about insolvency. The post MakerDAO approves 85% Gemini USD holdings in DAI stablecoins appeared first on CryptoSlate.
2023-1-20 23:52 | |
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Stablecoin inflow has been met with a decrease in Bitcoin reserves. Whales behavior could help BTC regain bullishness provided the UTXO value bands maintain status quo. The euphoria around BThe post Bitcoin: Here’s how the tides have changed for BTC despite sharks’ input appeared first on AMBCrypto.
2023-1-20 23:30 | |
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In a dramatically tight voting, some 51% of votes favored ousting Gemini’s stablecoin from MakerDAO’s reserve. The result is a significant blow to GUSD, as MakerDAO has held 85% of all tokens in circulation.
2023-1-20 19:50 | |
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MakerDAO's community is voting to decide if Gemini's GUSD should be maintained in its reserves. Early poll stats suggest that the stablecoin will be retained by the DeFi lender. Leading DeFiThe post Will MakerDAO hold Gemini’s GUSD in its reserve? Early voting numbers suggest... appeared first on AMBCrypto.
2023-1-19 11:30 | |
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Gradually, alongside the cryptocurrency industry, stablecoins are growing in strength and popularity. The post Stablecoin reserves in centralized exchanges continue to fall after FTX collapse appeared first on CryptoSlate.
2023-1-13 22:37 | |
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Binance, the world’s largest crypto exchange by volume, has admitted it mismanaged one of its stablecoin reserves in the past.
2023-1-11 00:27 | |
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On-chain data shows that more than $60 million in tokens has left the exchange in the last 24 hours, while stablecoin reserves have dropped 9.5% in a week.
2023-1-7 13:41 | |
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The world's largest crypto exchange by trading volume has endured a wave a withdrawals amid concerns about the exchange's reserves. Withdrawals of the stablecoin USDC were paused for several hours but have now resumed.
2022-12-14 21:25 | |
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Bermuda’s first digital asset bank, Jewel, launched a stablecoin JUSD at the Polygon network. The company will release quarterly reporting on its reserves. On Monday, Jewel announced in a Twitter post that it would release a Polygon-based stablecoin dubbed Jewel…
2022-12-13 22:18 | |
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The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
2022-11-17 00:45 | |
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Following on from one of the craziest days in crypto history on November 9, the 24/7 crypto markets keep investors busy. The post Crypto markets rocked as stablecoin reserves deplete, Curve 3pool concentrated by USDT, 60k BTC leaves Binance, Alameda shorts USDT appeared first on CryptoSlate.
2022-11-11 17:59 | |
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The crypto community fears FTX might cause another Terra-like crash after the stablecoin reserves on the exchange fell significantly over the last 24 hours. The post FTX stablecoin reserves plunge as community fears bankrun appeared first on CryptoSlate.
2022-11-7 13:00 | |
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Circle Internet Financial has begun moving the reserves for its USDC stablecoin into a dedicated fund set up by BlackRock Inc. and registered with the U.S. Securities and Exchange Commission, the company disclosed Thursday.
2022-11-4 00:41 | |
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In a tweet on October 13, stablecoin issuers Tether announced that it had reduced its commercial paper holdings to zero to ensure secure and liquid reserves for Tether USD (USDT). “Tether is proud to announce that we have eliminated commercial paper from our reserves,” said Tether in its tweets.
2022-10-16 23:42 | |
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Stablecoin issuer Tether has eliminated commercial papers from its USDT reserve, according to its latest reserve update. The post Tether reduces commercial paper reserves for USDT to zero appeared first on CryptoSlate.
2022-10-14 14:00 | |
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Luna Foundation Guard previously promised to repay "small" holders of the UST stablecoin with its remaining reserves.
2022-10-8 19:48 | |
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Tether, the firm behind USDT, the largest stablecoin made some key changes to its asset reserves. On 3 October, Chief Technology Officer (CTO) Paolo Ardoino informed the Tether community about the chaThe post This Tether update may finally bear some good results in the weeks to come appeared first on AMBCrypto.
2022-10-5 23:30 | |
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Jerome Powell, Christine Lagarde, Ravi Menon, and Agustn Carstens shared their thoughts on several topics, including DeFi regulation, stablecoins, and central bank digital currencies. Fed Chair Talks Stablecoins The Federal...
2022-9-27 17:19 | |
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Stablecoin issuer Tether has recieved a court order to produce financial records that prove the backings of its USDT. The Judge at Northern District Court New York, Katherine Polk Failla, issued the order for Tether on Tuesday upon the plaintiffs’ request to prove its reserves.
2022-9-22 12:23 | |
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Financial Services Giant Old Mutual Wealth is appointed to control the reserved notes that back ZARP, the crypto stablecoin pinned to the worth of the South African Rand. The post Old Mutual Wealth to Handle Cash Reserves of Rand-Backed Stablecoin ZARP appeared first on BeInCrypto.
2022-9-16 21:00 | |
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ZARP appointed South African financial services group Old Mutual Wealth to manage the cash reserves of its stablecoin, which is pegged to the price of the South African rand(ZAR), in hopes of enhancing trust.
2022-9-16 16:15 | |
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Stablecoin issuer Tether has hit back at a Wall Street Journal article that claimed its balance sheet comprised of "unsafe assets."
2022-8-30 14:53 | |
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Stablecoin issuer Tether has hit back at a Wall Street Journal article that claimed its balance sheet comprised of "unsafe assets."
2022-8-31 14:53 | |
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Stablecoin issuers have been under the radar over the quality of the reserves backing the tokens they issue. Circle Internet Financial LLC (Circle), the issuer of stablecoin USDC, has released its reserves report as of July 31, 2022.
2022-8-30 20:29 | |
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Tether Holdings Limited, the issuer of stablecoin Tether (USDT), has announced that attestation reports for its reserves will now be handled by BDO Italia, an accounting firm from the BDO global network.
2022-8-18 21:20 | |
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Stablecoin issuer Tether took to Twitter on July 27 to clarify that it holds no Chinese commercial paper (CP) on the back of industry rumors that continue to claim its portfolio in the vertical is backed by 85% Chinese or Asian commercial papers.
2022-7-28 22:00 | |
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The entire crypto space felt a negative impact from the failure of the algorithmic stablecoin UST and Terra’s native token, LUNA. Other top stablecoin projects like Tether’s USDT and Circle’s (USDC) have received more pressure from different angles.
2022-7-15 19:00 | |
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Paxos Trust became the first stablecoin issuer to reveal the composition of its reserves for Binance USD (BUSD) and the Pax Dollar (USDP). The post Paxos Trust Reveals USDP and BUSD Reserves in Challenge to Other Stablecoin Issuers appeared first on BeInCrypto.
2022-7-10 21:15 | |
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The stablecoin issuer has once again explained that its investment in Celsius has no impact on its USDT reserves.
2022-7-9 20:15 | |
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MiCA Rapporteur in the European Parliament Stefan Berger said the EU has become the first jurisdiction with a regulatory framework for digital assets. What’s the essence of this paper? The stablecoin reserves will be split – issuers will have to comply with strict operational and prudential rules and the volume of transactions will be limited […] Сообщение The Council of the EU and the European Parliament have previously pre-negotiated on the provisions on crypto regulation появились сначала на Coinstelegram.
2022-7-7 13:46 | |
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Tether short-sellers are building in numbers as investors dump liquidity, despite reassurances from the stablecoin firm that its reserves are fully-backed. The post Tether Shorters Amass While Crypto Investors Continue to Dump USDT appeared first on BeInCrypto.
2022-7-4 02:53 | |
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The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far.
2022-7-1 19:30 | |
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USD Coin (USDC) issuer Circle has partnered with New York Community Bancorp in a deal that will see the bank’s subsidiary, New York Community Bank, become a custodian for the stablecoin’s reserves, Circle announced June 28.
2022-6-29 22:33 | |
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The partnership marks the first time for a community bank to custody reserves for a stablecoin.
2022-6-28 20:19 | |
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Tether, the world's largest stablecoin with $68 billion in assets, will undertake a full audit with a top 12 accounting firm in order to improve transparency on its USDT reserves. The post Tether Prepares Full Audit to Improve USDT Reserves Transparency appeared first on BeInCrypto.
2022-6-21 15:30 | |
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Stablecoins pose a risk to the financial system due to their lack of transparency and often lack of safe reserves, according to a new Federal Reserve report. Federal Reserve Highlights...
2022-6-18 21:40 | |
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Tron's USD-pegged stablecoin USDD might be the most "over-collateralized" asset right now
2022-6-18 19:21 | |
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The Euro Coin will be backed by euro-denominated reserves held by U.S. regulated financial institutions.
2022-6-16 16:00 | |
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The USDT stablecoin issuer, Tether, denies any correlation between its investment in Celsius and its reserves or stability.
2022-6-13 14:44 | |
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The NY Department of Financial Services (DFS), which oversees regulated crypto companies in the state, on June 8, released formal guidelines for United States dollar-backed stablecoin issuers. The post NY stablecoin issuers Gemini, Paxos have to ensure 100% reserves daily under new guidelines appeared first on CryptoSlate.
2022-6-9 01:40 | |
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Kraken could drop EU support for Tether’s USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which it is “not tenable to list specific tokens such as USDT.
The stablecoins activity has taken a hit in recent weeks. The dominance chart reflected reluctance from market participants to buy assets. Bitcoin [BTC] was under pressure in the lower timefThe post Stablecoins see reduced activity amidst market uncertainty: What now? appeared first on AMBCrypto.
Garlinghouse criticizes the SEC and the U.S. government regarding Tether. Tether maintained dominance despite controversies, indicating resilience. In a recent development, Ripple [XRP] CEO The post Ripple CEO Brad Garlinghouse defends Tether stance: What did he say? appeared first on AMBCrypto.
Bitcoin-friendly nation El Salvador is working on a crypto regulatory framework and has enlisted help from a digital asset titan affiliated with the largest stablecoin.
Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%.
USDC surpasses USDT, indicating a shift in stablecoin market dynamics. Leaders stress aligning stablecoins with democratic values and transparent regulations. In a surprising development, CiThe post USDC surpasses Tether USDT - A sign of stablecoins' future? appeared first on AMBCrypto.
Tether, the largest company in the digital asset industry, has announced a strategic investment of $200 million into Blackrock Neurotech, a leading pioneer in Brain-Computer-Interface (BCI) technology.