Tether (USDT) Seeks Damage Control In Tightening Race Against USDC

July 28, 2022 Altcoin News, News, Stable coin, Tether Eddy 0

Amid the ongoing intense battle between the two biggest stablecoins, Tether (USDT) made a major announcement. At the press time, USDT holds a market cap of over $65.8 billion. Tether to reduce its commercial paper holdings According to the release, Tether clarified its commercial paper holdings which are amplified wrongly in the market. It mentioned […]

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US Lawmaker Urges SEC to Go After Major Crypto Exchanges That Traded XRP

July 23, 2022 Brad Sherman crypto, Brad Sherman cryptocurrency, Brad Sherman tether, Coinbase, Congressman Brad Sherman, crypto exchanges, Gary Gensler, Gurbir Grewal, Gurbir Grewal crypto exchanges, Regulation, SEC enforcement division, sec tether, Tether Eddy 0

U.S. Congressman Brad Sherman has urged the U.S. Securities and Exchange Commission (SEC) to go after major cryptocurrency exchanges that traded xrp, which the regulator deems a security. “It’s easier to go after the small fish than the big fish, but the big fish operating major exchanges did many, many tens of thousands of transactions […]

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Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company

July 9, 2022 agreement, Babel Finance, Bitcoin loan, Blockchain.com, Blockfi, borrowing, Celsius, Celsius Loan, Keyfi founder, lending, liquidated, loan agreement, News, risk management, Stablecoin, Stablecoin Economy, Stablecoins, Tether, Tether (USDT), Tether critics, USDT, USDT stablecoin, vauld, Voyager Digital Eddy 0

On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” Tether Liquidates Bitcoin Loan Taken […]

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While Bitcoin and Ethereum Dominance Slides, Stablecoin Market Caps Reap the Rewards

June 28, 2022 30 day stats, Bitcoin, Bitcoin Dominance, BTC, BTC Dominance, BUSD, Crypto market update, Cryptocurrencies, Dominance, ETH, ETH dominance, Ethereum, Global Trade Volume, Market Caps, Market Update, Market Updates, Markets, monthly stats, Stablecoins, Tether, usd coin, USDC, USDT, USDT trade volume Eddy 0

During the past 30 days, $285 billion has left the crypto economy and bitcoin’s USD value hit a 2022 low at $17,593 per unit on June 18. Moreover, last month’s statistics show bitcoin’s market dominance was 2.9% higher and ethereum’s market dominance was 2.1% higher than it is today. Bitcoin and Ethereum Dominance Has Dropped […]

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Circle Launches Second Major Stablecoin Backed 1:1 by the Euro

June 16, 2022 Altcoins, Circle, Circle CEO, Ethereum, euro coin, EUROC, EUROC Launch, EURT, Issued, Jeremy Allaire, launch, Mintable, Redeemable, Stablecoin, Stablecoins, Tether, Tether's EURT, USDC Eddy 0

On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle Launches EUROC Circle has announced the […]

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Japan Adopts Legislation Establishing Legal Framework for Stablecoins

June 3, 2022 bill, collapse, draft law, Japan, japanese, law, lawmakers, legislation, parliament, Regulation, Regulations, rules, Stablecoin, Stablecoins, TerraUSD, Tether, USDT, UST Eddy 0

The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of UST Collapse Lawmakers in Japan have passed a […]

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Tether Launches on Polygon, USDT Stablecoin Now Hosted on 11 Blockchain Networks

May 27, 2022 11 Blockchains, 11 Networks, Altcoins, CHNT, crypto economy, CTO of Tether, Digital Currencies, EURT, Fiat Tokens, fiat-pegged tokens, L2, Layer two, MATIC, MXNT, Paolo Ardoino, Peso-pegged stablecoin, Polygon, Polygon (MATIC), Polygon Network, Polygon USDT, Scaling, Stablecoins, Tether, Tether Gold, Tether pesos, USDT Eddy 0

Following the company launching a fiat-pegged tied to the value of the Mexican peso, Tether, the stablecoin issuer has announced the firm has launched tether tokens on the Polygon network. The Polygon integration follows the stablecoin being added to the Avalanche and Kusama blockchain networks. Tether Joins the Polygon Blockchain Ecosystem The largest stablecoin by […]

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Tether Launches Tokens Pegged to the Mexican Peso on Ethereum, Tron, and Polygon

May 26, 2022 Altcoins, Bitcoin (BTC), CHNT, crypto economy, CTO of Tether, Digital Currencies, EURT, Fiat Tokens, fiat-pegged tokens, Latin American market, Mexican peso, MXNT, Paolo Ardoino, peso, Peso-pegged stablecoin, Stablecoins, Tether, Tether Gold, Tether pesos, USDC, USDT Eddy 0

The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly launched MXNT tokens will be initially hosted on Ethereum, Polygon, and Tron. MXNT Stablecoin Is Pegged 1:1 to the Mexican Peso The stablecoin and blockchain […]

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Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report

May 22, 2022 Algorand, Altcoins, Assurance Reports, CoinGecko, EOS, Ethereum, Fiat Tokens, Fiat-Pegged, Jeremy Allaire, MHA Cayman, omni, Stablecoin, Stablecoin Caps, stablecoin trades, Stablecoin Trading, Stablecoin Volumes, Stablecoins, Tether, Tether (USDT), trade volume, transparency page, Tron, USDC, USDT, Weekly Assurance Eddy 0

The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s […]

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3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining

May 7, 2022 $1.7 trillion, Bitcoin, BTC, BUSD, Capitalizations, crypto economy, Cryptocurrency, Digital Currencies, ETH, Ethereum, fiat-pegged tokens, Market Capitalizations, market positions, Markets and Prices, stablecoin assets, Stablecoins, TerraUSD, Tether, Top Ten, top ten contenders, usd coin, USDC, UST Eddy 0

The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours, bitcoin has lost 9.4% since last week and seven day statistics show ethereum has dropped […]

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