Category: Tether (USDT)

Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume

Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume

A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is roughly $2.6 trillion. These days, it’s safe to say that dollar-pegged tokens, otherwise known as stablecoins, have a strong presence in the crypto market. Today […]

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Senate Banking Committee Wants Clarity on Stablecoins: Sends Letters to Tether, Coinbase, Circle

Senator Sherrod Brown appears to be keen on understanding how the process of stablecoin minting and redemption actually work. A comprehensive regulatory regime for stablecoin is the need of the hour, a failure to roll out one will prompt the watchdogs to step in. The head of the US Senate Banking Committee has called upon […]

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USDC Issuer Circle Plans Expansion into Asian Markets: Report

USDC Issuer Circle Plans Expansion into Asian Markets: Report

The blockchain-focused financial services company – Circle – intends to establish regional headquarters in Singapore. The firm will also reportedly invest in a stablecoin backed by the Japanese yen through its newly-designed project – Circle Ventures. Circle Sees Opportunity in Asia According to a recent Bloomberg report, Circle – the issuer of the second-largest stablecoin, […]

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Report: Alameda and Cumberland Acquired Nearly 55% of USDT’s Total Supply

According to recent research published by the independent cryptocurrency outlet Protos, two companies have been responsible for buying two-thirds of Tether’s USDT total supply since its inception. The organizations, Alameda Research and Cumberland Global, had so far been the recipients of at least $60.3 billion USDT out of the $108.5 billion of Tether’s outbound transfers […]

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Tether’s Blockchain Expansion Continues as USDT Goes Live on Avalanche

Months after indicating plans to expand the USDT stablecoin support to Avalanche blockchain, popular stablecoin issuer Tether has finally launched its dollar-pegged cryptocurrency on the eco-friendly network. USDT Now Available on Avalanche With USDT launching on Avalanche, users can now transfer the largest stablecoin by market capitalization at a relatively lower cost, and the transactions […]

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Tether To Test Notabene’s Travel Rule System to Comply With AML Laws

Tether To Test Notabene’s Travel Rule System to Comply With AML Laws

Tether Holdings Limited, the issuer of the largest stablecoin by market cap, USDT, recently announced integrating Notabene to manage regulatory and counterparty risk in crypto transactions. Tether to Crack Down on Illegal Transfers As per an announcement on Tuesday, Tether will be testing the Notabene platform to comply with the Crypto Travel Rule —a mandate […]

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Big Three Credit Agency Fitch Says Stablecoin Growth Could Be ‘Disruptive’ to Securities Markets

Big Three Credit Agency Fitch Says Stablecoin Growth Could Be ‘Disruptive’ to Securities Markets

American credit rating agency Fitch Ratings, one of the ‘Big Three’ credit rating agencies, has published a report that says stablecoin growth could affect securities and commercial paper (CP) markets. The agency says stablecoins could be “disruptive” and “stablecoin-related turbulence” could “transmit shocks” to other markets. Fitch Ratings: ‘Stablecoins Could Be Disruptive for CP Markets’ […]

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CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million

CFTC Fines Stablecoin Issuer Tether and Crypto Exchange Bitfinex $42.5 Million

On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the […]

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Tether and Bitfinex Ordered to Pay $42.5 Million Fine by the CFTC

The United States Commodity and Futures Trading Commission (CFTC) has ordered Tether and Bitfinex to pay fines worth $42.5 million. In a release from today, October 15th, Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited – all companies associated with the issuer of the largest stablecoin USDT, Tether, were ordered to […]

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