Stablecoin issuers hold $120b in T-Bills: US Treasury

2024-10-31 22:49

The United States Treasury reported that stablecoin adoption and crypto volatility could increase T-Bill demand as digital asset growth continues. The U.S. Treasury acknowledged a boom in blockchain use and cryptocurrency investment in its Fiscal Year 2024 Q4 report. Stablecoins,… origin »

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treasury stablecoin blockchain use acknowledged growth continues

Источник: Cripyo.news

treasury stablecoin → Результатов: 126


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Senator Hagerty unveils stablecoin regulation framework to boost US Treasury demand

Senator Bill Hagerty (R-TN) unveiled a discussion draft of new legislation designed to provide a clear regulatory framework for stablecoin issuers. Hagerty, a member of the Senate Banking Committee, aims to remove regulatory uncertainty and unlock stablecoins’ full potential in enhancing payment systems and supporting US Treasury demand.

2024-10-12 02:00


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Tether reports record $4.52 billion profit in Q1 despite shrinking market share

Stablecoin issuer Tether (USDT) achieved a historic net profit of $4. 52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments.

2024-5-2 20:29


Ripple Prepares To Shake Up $150B Market With Imminent Launch Of New Stablecoin

In a notable development, blockchain developer Ripple Labs recently announced its plans to launch a stablecoin pegged 1:1 to the US dollar (USD).   Ripple Enters Booming Stablecoin Market According to the company’s announcement on Thursday, the stablecoin’s reserves will consist of US dollar deposits, short-term US Treasury bills, and other undisclosed cash equivalents.

2024-4-4 17:15


Tether now a top global buyer of US Treasury bills amid market turmoil

Tether has emerged as one of the top buyers globally of US Treasury bills, with a commanding exposure of $72.5 billion, according to a recent post by Paolo Ardoino, CTO of Tether. This development places the USDT stablecoin issuer in the global top 22, ranking above nations like the “United Arab Emirates, Mexico, Australia, and […] The post Tether now a top global buyer of US Treasury bills amid market turmoil appeared first on CryptoSlate.

2023-9-5 11:02


Republic Of Palau And Ripple Labs Mint First Stablecoin (PSC)

In a significant development, the Republic of Palau has collaborated with Ripple Labs to mint its inaugural stablecoin, the Palau Stablecoin (PSC). Jay Hunter Anson, Director of Palau’s Digital Residency Program and member of Palau’s Ministry of Finance, shared the news on Twitter, shedding light on the partnership between the Palau National Treasury and Ripple […]

2023-7-25 12:20


Exodus integrates Sovryn stablecoin with wallet; adds asset to its $100M treasury

Crypto wallet provider Exodus said June 22 that it is adding the Sovryn Dollar (DLLR) to its corporate treasury and user wallets. Exodus adds DLLR stablecoin to treasury Exodus CEO and Co-Founder JP Richardson said: “Besides taking its place on our corporate balance sheet, the Sovryn Dollar asset will soon be available to all of […] The post Exodus integrates Sovryn stablecoin with wallet; adds asset to its $100M treasury appeared first on CryptoSlate.

2023-6-23 01:33


$22 billion of stablecoins has fled exchanges in 5 months: A report into crypto’s capital flight

Key Takeaways The balance of stablecoins on exchanges is at a 2-year low In the last 5 months, over half the stablecoin balance on exchanges has flowed out, equivalent to $22.8 billion Treasury yields above 5% have given viable alternatives for investors, with capital fleeing stablecoins BUSD shutting down and USD Coin getting caught up […] The post $22 billion of stablecoins has fled exchanges in 5 months: A report into crypto’s capital flight appeared first on CoinJournal.

2023-5-4 15:37


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MoonPay CEO pushes for fair federal-state balance in stablecoin laws

Ivan Soto-Wright urged Congress in an open letter to ensure fair competition between state and federal stablecoin issuers in upcoming legislation. The MoonPay CEO voiced support for preserving state regulatory authority over stablecoin issuers, urging Congress to adopt key amendments…