Stablecoin

Tether freezes $225M USDT linked to romance scammers amid DOJ investigation

law, regulation, scams, Stablecoin, tether, United States /

Tether freezes $225M USDT linked to romance scammers amid DOJ investigation 20/11/2023 at 19:02 By Cointelegraph By Turner Wright The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam. This article is an excerpt from Cointelegraph.com News View Original Source

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‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS

BIS, Central Bank, Fiat Money, Stablecoin /

‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS 18/11/2023 at 02:01 By Cointelegraph By Derek Andersen The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option. This article is an excerpt from Cointelegraph.com News View Original Source

‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS Read More »

Tether plans major expansion into BTC mining with $500M investment: Report

Bitcoin Mining, mining, South America, Stablecoin, tether /

Tether plans major expansion into BTC mining with $500M investment: Report 16/11/2023 at 22:03 By Cointelegraph By Derek Andersen Tether has ambitions to reach 1% of BTC mining computing power under its new CEO Paolo Ardoino. New facilities in South America will be part of the push. This article is an excerpt from Cointelegraph.com News

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Paxos to issue USD stablecoin in Singapore, wins initial approval

license, mas, monetary authority of Singapore, paxos, Singapore, Stablecoin, US dollar, usd /

Paxos to issue USD stablecoin in Singapore, wins initial approval 16/11/2023 at 06:02 By Cointelegraph By Tom Mitchelhill The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval. This article is an excerpt from Cointelegraph.com News View Original Source

Paxos to issue USD stablecoin in Singapore, wins initial approval Read More »

Tether credits USDT growth surge to ETF excitement, emerging markets

dollar, ETF, Stablecoin, tether /

Tether credits USDT growth surge to ETF excitement, emerging markets 14/11/2023 at 17:02 By Cointelegraph By Helen Partz Tether USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount so far this year. This article is an excerpt from Cointelegraph.com News View Original Source

Tether credits USDT growth surge to ETF excitement, emerging markets Read More »

Progmat stablecoin platform takes shape as wallet, liquidity providers join

Cryptocurrency Exchange, Japan, MUFG, Stablecoin, Wallet /

Progmat stablecoin platform takes shape as wallet, liquidity providers join 09/11/2023 at 00:02 By Cointelegraph By Derek Andersen Progmat Coin hopes to issue yen- and dollar-pegged “trust-type” stablecoins next summer to accommodate around-the-clock settlement. This article is an excerpt from Cointelegraph.com News View Original Source

Progmat stablecoin platform takes shape as wallet, liquidity providers join Read More »

Moody’s unveils service that uses AI to predict stablecoin depeggings

analysis, decentralization, Stablecoin /

Moody’s unveils service that uses AI to predict stablecoin depeggings 07/11/2023 at 04:02 By Cointelegraph By Derek Andersen Moody’s Analytics will use machine learning and a host of indicators to compile and analyze large-cap stablecoins and identify probable depeggings. This article is an excerpt from Cointelegraph.com News View Original Source

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UK stablecoin regulation begins to take shape in multiple FCA, BOE documents

Bank of England, Stablecoin, United Kingdom /

UK stablecoin regulation begins to take shape in multiple FCA, BOE documents 07/11/2023 at 00:03 By Cointelegraph By Derek Andersen It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking. This article is an excerpt from Cointelegraph.com News View Original Source

UK stablecoin regulation begins to take shape in multiple FCA, BOE documents Read More »

Tether issues $610M debt financing to Bitcoin miner Northern Data

Bitcoin Mining, dollar, Stablecoin, tether /

Tether issues $610M debt financing to Bitcoin miner Northern Data 02/11/2023 at 13:02 By Cointelegraph By Helen Partz In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives. This article is an excerpt from Cointelegraph.com News View Original Source

Tether issues $610M debt financing to Bitcoin miner Northern Data Read More »

Bitcoin crash pre-halving? Stablecoin metric that marked 2019 top flashes warning

Bitcoin, BTC price, halving, Reserve risk, SSRO, Stablecoin, Stablecoin Supply Rate Oscillator /

Bitcoin crash pre-halving? Stablecoin metric that marked 2019 top flashes warning 01/11/2023 at 18:02 By Cointelegraph By Guest Author Two key BTC supply metrics show conflicting signals on whether a retracement will occur before the Bitcoin halving. This article is an excerpt from Cointelegraph.com News View Original Source

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Circle to phase out consumer accounts, but business and Mint will remain

Circle, Stablecoin, usdc /

Circle to phase out consumer accounts, but business and Mint will remain 31/10/2023 at 22:02 By Cointelegraph By Tom Blackstone Stablecoin issuer Circle sent emails to customers stating that individual consumer accounts would be phased out. This article is an excerpt from Cointelegraph.com News View Original Source

Circle to phase out consumer accounts, but business and Mint will remain Read More »

From payments to DeFi: A closer look at the evolving stablecoin ecosystem

Stablecoin, terra, tether, TrueUSD, USD Coin /

From payments to DeFi: A closer look at the evolving stablecoin ecosystem 31/10/2023 at 17:02 By Cointelegraph By Anthony Clarke The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape. This article is an excerpt from Cointelegraph.com News View Original Source

From payments to DeFi: A closer look at the evolving stablecoin ecosystem Read More »

Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions

Brazil, Stablecoin, tether /

Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions 29/10/2023 at 22:02 By Cointelegraph By Ana Paula Pereira USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023. This article is an excerpt from Cointelegraph.com News View

Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions Read More »

Stablecoin market escaping US regulatory oversight: Chainalysis

dollar, North America, Stablecoin, United States /

Stablecoin market escaping US regulatory oversight: Chainalysis 24/10/2023 at 12:02 By Cointelegraph By Helen Partz Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis. This article is an excerpt from Cointelegraph.com News View Original Source

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Binance.US asks users to convert USD into stablecoins for withdrawals

Binance, dollar, Stablecoin /

Binance.US asks users to convert USD into stablecoins for withdrawals 17/10/2023 at 18:03 By Cointelegraph By Helen Partz Binance.US users “may convert” their U.S. dollar holdings to stablecoins or other digital assets to withdraw the funds from their accounts, the firm said. This article is an excerpt from Cointelegraph.com News View Original Source

Binance.US asks users to convert USD into stablecoins for withdrawals Read More »

Canada central bank assesses innovations and challenges of DeFi

Bank of Canada, Canada, Stablecoin /

Canada central bank assesses innovations and challenges of DeFi 17/10/2023 at 13:02 By Cointelegraph By Prashant Jha The staff note suggested that, although the DeFi ecosystem brings a ton of innovations in the financial sector, the regulatory challenges and vulnerability limit its potential use in traditional finance. This article is an excerpt from Cointelegraph.com News

Canada central bank assesses innovations and challenges of DeFi Read More »

TrueCoin’s third-party vendor breach potentially leaks TUSD user data

data, KYC, Stablecoin, trading /

TrueCoin’s third-party vendor breach potentially leaks TUSD user data 17/10/2023 at 11:02 By Cointelegraph By Arijit Sarkar TrueCoin’s internal systems were not impacted or accessed, and the company confirmed that the attack was an isolated incident and limited to a third-party vendor. This article is an excerpt from Cointelegraph.com News View Original Source

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Tether freezes $873K USDT linked to terrorist activity in Ukraine, Israel

Israel, Stablecoin, tether, Ukraine, usdt /

Tether freezes $873K USDT linked to terrorist activity in Ukraine, Israel 16/10/2023 at 17:02 By Cointelegraph By Gareth Jenkinson The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine. This article is an excerpt from Cointelegraph.com News View Original Source

Tether freezes $873K USDT linked to terrorist activity in Ukraine, Israel Read More »

Japanese yen-backed digital currency, DCJPY, to go live in July 2024

Bank of Japan, Japan, Stablecoin /

Japanese yen-backed digital currency, DCJPY, to go live in July 2024 12/10/2023 at 12:02 By Cointelegraph By David Attlee Digital currency and electronic payments business DeCurret Holdings intends to launch the coin in July 2024. This article is an excerpt from Cointelegraph.com News View Original Source

Japanese yen-backed digital currency, DCJPY, to go live in July 2024 Read More »

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