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PayPal’s $158M PYUSD Stablecoin Market Cap Shaken By SEC Subpoena

In a recent report by Reuters, online payment system company PayPal announced plans to bolster its market value by $4 billion, seeking to streamline operations to appease investors. However, investor optimism was tempered by disclosing a subpoena from the US Securities and Exchange Commission (SEC) related to PayPal’s stablecoin PYUSD. PayPal’s $4 Billion Value Boost […] дальше »

2023-11-2 22:00


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USDC’s circulating supply falls below 25 billion after Circle curbs minting services for retail customers

USD Coin, the second-largest stablecoin, has seen its circulating supply decline below 25 billion for the first since 2021 after its issuer, Circle, curbed minting services for retail users. “In September 2021, we sunset a customer app and are now offboarding those legacy, individual consumer accounts,” Circle said in an Oct. дальше »

2023-11-2 15:15


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Terraform Labs, Do Kwon file motion to dismiss SEC lawsuit

Terraform Labs and its co-founder Do Kwon filed a motion for summary judgment with a federal court, asking the judge to dismiss the SEC’s securities fraud lawsuit against it. Terraform Labs collapsed in May 2022 after its native token LUNA lost 99% of its value when the linked algorithmic stablecoin UST lost its peg to […] The post Terraform Labs, Do Kwon file motion to dismiss SEC lawsuit appeared first on CryptoSlate. дальше »

2023-10-31 23:40


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Brazil reports stablecoin boom as USDT trading volume surpasses all other digital assets combined

Brazil’s Receita Federal — the Special Department of Federal Revenue — has recently reported a substantial increase in the usage of stablecoins, specifically Tether’s USDT. According to the regulator’s report, the volume of USDT exceeded the combined trading volume of all other cryptocurrencies in 2022. дальше »

2023-10-30 02:48


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Tether supply reaches unprecedented $84 billion amid ETF-driven Bitcoin rally

Tether’s (USDT) stablecoin supply has reached an unprecedented milestone, surpassing $84 billion for the first time. Data from CryptoSlate shows that USDT market capitalization has increased by around $1 billion during the last seven days amid the current market rally fueled by optimism surrounding the possibility of a Bitcoin (BTC) spot exchange-traded fund (ETF). дальше »

2023-10-24 16:30


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TUSD refutes claims of association with TEURO amid rumors of private key compromise

TrueUSD (TUSD) has distanced itself from speculations that an address associated with it was involved in the issuance of TrueEURO (TEURO), a purported Euro-based stablecoin. In an Oct. 23 post on X (formerly Twitter), the stablecoin provider stated that the address 0x7bA7EF06A2621267f063eF2DB2d482D5B507D8b3 “has no permissions” over its smart contract as it was solely designated for […] The post TUSD refutes claims of association with TEURO amid rumors of private key compromise appeared first on CryptoSlate. дальше »

2023-10-24 20:15