2022-4-1 01:11 |
The days of murky stablecoin reserves might soon be over.
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Kwon also bullishly emphasized that its stablecoin TerraUSD backed by $10 billion-plus in BTC reserves will “open a new monetary era of the Bitcoin standard.”
2022-3-17 07:18 | |
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Tether, the number one Stablecoin issuer, has released its attestation for the last quarter of 2021 yesterday, and there were lots of interesting figures. Tether slashes commercial paper holdings The USDT issuer has reduced its reserves allocation to commercial paper by over 20%.
2022-2-24 21:00 | |
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Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules.
2022-1-13 16:26 | |
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Hindenburg places a $1 million bounty on Tether for information on its reserves. The announcement is coming less than a week after the stablecoin issuer was slammed with a fine for misrepresenting the true nature of their reserves.
2021-10-23 13:12 | |
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A research company is offering a big bounty for information leading to previously undisclosed evidence of the reserves behind the Tether stablecoin. The post Tether Reserve Skepticism Spurs Research Firm to Offer $1M Bounty for Information appeared first on BeInCrypto.
2021-10-20 12:49 | |
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The US Commodity Futures Trading Commission today filed and settled charges against Bitfinex and sister company Tether. The two firms are required to pay fines totaling almost $43 million. CFTC claimed that the Tether (USDT) stablecoin was not completely backed by reserves most of the time and Bitfinex breached the derivatives regulator’s previous directive, according […]
2021-10-16 00:52 | |
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Stablecoin issuer Tether is dealing with rising scrutiny from regulatory authorities as they attempt to understand its cash reserves, business framework, and more. Speculations on Tether Tether has released 48 billion USDT — claimed to be valued at $1 each — this year.
2021-10-8 14:00 | |
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Stablecoins are digital currencies pegged to a sovereign currency such as the U.S. dollar. Tether is the largest among them with a market cap of $68B, at the time of writing. In fact, USDT has grown eThe post Tether fires back after 'false, misinformed' report questions stablecoin's reserves appeared first on AMBCrypto.
2021-10-7 18:30 | |
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Crypto exchange Bitfinex and stablecoin operator Tether applied to a New York court to order the state attorney general to reject a request for information provided by Coindesk about the companies' financial reserves.
2021-9-6 18:52 | |
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Re-visiting pre-set records, consolidating and correcting - this is typically how the last few days have looked like for most of the market's top coins, including the likes of Bitcoin and Ethereum.
2021-8-29 21:00 | |
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From September this year, USDC stablecoin will be 100% backed by cash and short-term US government treasuries. This is according to the Centre Consortium, the organization that manages the cryptocurrency, which is backed by Circle Financial And Coinbase.
2021-8-24 19:17 | |
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Center has announced via a blog post on August 22, 2021, that the financial instruments in its USD Coin (USDC) stablecoin reserves have been shrunk down to only the fiat dollar and United States Treasury Bills.
2021-8-24 17:00 | |
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President and chief operating officer at Coinbase, Emilie Choi, has posted an update on the reserves of the world’s second-largest stablecoin, USDC. The post Circle Reverts to More Conservative Investment Profile for USDC Reserves appeared first on BeInCrypto.
2021-8-23 14:14 | |
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Tether Holdings Limited, the company behind the world’s largest stablecoin by market cap, revealed more details about its reserves in an assurance opinion by Moore Cayman, an audit services provider, which concluded that the information in the company’s Consolidated Reserves Report (CRR) is accurate.
2021-8-11 15:33 | |
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Tether Holdings Limited has released an assurance report by Moore Cayman on Monday for the period ending June 30, as per its continued commitment to transparency. As of writing, with a market cap of almost $63 billion, USDT accounts for 57% of the stablecoin market share.
2021-8-10 16:36 | |
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Находящиеся в обеспечении резервы стейблкоина HUSD полностью сформированы денежными средствами на депозитных счетах денежного рынка США. Об этом сообщил его эмитент Stable Universal. The team at HUSD is releasing our own breakdown and analysis of the reserves backing the $HUSD stablecoin.
2021-8-7 14:55 | |
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Paxos, a leading stablecoin issuer has released a thorough breakdown of its stablecoin reserves. Paxos Determined to Prove Stablecoin Reserves In a detailed blog post published yesterday, Paxos, the company in charge of the PAX and BUSD stablecoins shared details about the breakdown of its stablecoin reserves.
2021-7-22 13:00 | |
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Payments fintech company Circle revealed a breakdown of the assets backing the dollar-pegged stablecoin USDC, as part of efforts to ensure transparency and accountability. Assets Backing USDC Stablecoin In an attestation report by major accounting firm Grant Thornton, the company revealed the reserves backing USDC.
2021-7-22 15:00 | |
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With a market cap of nearly $26. 9 billion, USDC is the second-largest stablecoin capturing 23. 57% of the stablecoin market share, up from 9. 15% a year back. This year alone, USDC in circulation has grown by over 2,600%.
2021-7-21 20:55 | |
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Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts.
2021-6-30 08:30 | |
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Dominant stablecoin USDT issuer Tether Holdings Limited has released its quarterly report providing the breakdown of its reserves backing the issued Tether tokens. As part of the settlement deal with NYAG, Tether will be releasing these breakdowns on a quarterly basis for the next two years.
2021-5-13 18:05 | |
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The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm based in the Cayman Islands.
2021-4-1 15:30 | |
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Tether Holdings Limited has reiterated its desire to prove its Tether (USDT) stablecoin is fully backed by its reserves by releasing an assurance opinion. The company provided the stablecoin’s Consolidated Reserves Report (CRR) along with an assurance report from accounting firm Moore Cayman.
2021-3-31 15:21 | |
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Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman.
2021-3-31 16:54 | |
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Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC.
2021-3-29 15:22 | |
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Bitcoin price is back in the mid-$50,000 range, unable to push any lower despite bears best efforts and overheated technical indicators pointing to a potential trend reversal. However, several fundamental factors are proving to be too strong, and are setting the stage for the next leg up in the ongoing cryptocurrency bull trend instead. Here’s […]
2021-3-25 23:00 | |
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The stablecoin is built on Ethereum leveraging Circle, Coinbase, and Blockchain Labs frameworks. Audit reports on the reserves will be released quarterly, the report states. The post New Zealand Digital Asset Firm Launches Country’s First Compliant Stablecoin, $NZD first appeared on BitcoinExchangeGuide.
2021-3-12 21:42 | |
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Cryptocurrency exchanges experienced a dramatic rise in stablecoin deposits in the previous 24 hours, instilling hopes that traders will use the dollar-pegged tokens to purchase Bitcoin. Data fetched by blockchain analytics platform, CryptoQuant, showed exchanges’ stablecoins reserves hitting a record high of 5.
2021-2-4 17:16 | |
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According to Korean on-chain data vendor CryptoQuant, centralized exchanges see massive inflow of stablecoins amidst falling Bitcoin (BTC) and Ethereum (ETH)
2021-1-27 17:44 | |
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Deltec, the Tether (USDT) banker based in the Bahamas, says the popular stablecoin is fully-backed, downplaying long-standing reports of the integrity of its client’s reserves. The declaration is coming as both Tether and Bitfinex are submitting documents to the New York Attorney General (NYAG) concerning an $850 million embezzlement case from April 2019. Tether isRead More
2021-1-23 13:30 | |
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"Every tether is backed by a reserve and their reserve is more than what is in circulation," said Gregory Pepin, Deltec Bank's deputy CEO.
2021-1-22 17:15 | |
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Stablecoins dominated 2020 and now they are ready to take over 2021 as well. Last year, the market capitalization of fiat-pegged stablecoins went from just under $5 million to $27 billion. As of writing, the stablecoin market cap has surpassed $30 bln, as per CoinGecko.
2021-1-4 17:49 | |
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With Tether’s dropping reserves having an impact on Bitcoin’s price, Coinbase-backed stablecoin USDC’s steadily climbing reserves may do the same. According to USDC's hourly mean inflow charThe post Will Coinbase-backed USDC push Bitcoin's price higher? appeared first on AMBCrypto.
2020-12-21 19:30 | |
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The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers.
2020-12-5 02:46 | |
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The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers.
2020-12-6 02:46 | |
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A sharp drop in OKEx’s trading volume and stablecoin reserves – tether in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks.
2020-12-4 23:19 | |
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Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S.
2020-12-3 01:37 | |
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The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins.
2020-11-11 17:00 | |
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Noelle Acheson talks about how the latest OCC statement that says banks can support stablecoin reserves is an innovation trigger in disguise.
2020-9-29 04:51 | |
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The Office of the Comptroller of the Currency (OCC) issued new guidance regarding stablecoins on Monday. “National banks and federal savings associations currently engage in stablecoin-related activities involving billions of dollars each day,” said Acting Comptroller of the Currency Brian P.
2020-9-23 17:06 | |
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The U. S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country.
2020-9-23 17:00 | |
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A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while the web portal daistats.
2020-7-4 19:05 | |
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The man behind the new Aussie dollar stablecoin, said the big four banks were not “allowed” to hold the fiat reserves for the cryptocurrency
2020-3-22 03:00 | |
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Another batch of the Coinbase-backed USD Coin (USDC) has just been minted. $1. 5M worth of USDC will soon be entering the market. USD Coin (USDC), a stablecoin backed by Coinbase and Circle, has been quickly ramping up its issuances as it expands its reserves.
2019-12-17 16:04 | |
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The systemic risks posed by U.S. dollar domination of global foreign currency reserves could be tempered by stablecoin issuance, analysts argue in a new piece for the WEF
2019-11-27 11:10 | |
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The USDC stablecoin parent company, Circle, most recent audit report shows the firm is liquid enough to back its 1:1 token peg ratio against the dollar. According to the audit done by Grant Thornton, Circle’s operation is well balanced besides being supported by Financial Services giant, Goldman Sachs. Back in October, Circle issued a circulating […]
2019-11-21 19:15 | |
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Tether says its USDT stablecoin is "fully backed by reserves," after reporting in April its token was only 74% backed.
2019-11-8 13:00 | |
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Stephen Moore, Trump’s initial nominee for the post of Federal Reserve Chairman and close campaign advisor, has announced his latest venture – Frax – that runs a U. S. dollar stablecoin.
2019-10-22 13:37 | |
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As Central Banks across the world start looking into cryptocurrencies and DLT to see how feasible a fiat-backed digital currency would be, the IMF (International Monetary Fund) has now entered the conversation as well, publishing a blog post exploring the advantages of a privately issued stablecoin, one which is backed by central bank reserves.
2019-9-28 18:30 | |
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| Analogue Notcoin - TapSwap |
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Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.