New Stablecoins Commence a Fresh Assault on Tether

New Stablecoins Commence a Fresh Assault on TetherCan any stablecoin topple tether? In 2019, the answer to that question was an emphatic ‘No.’ Despite a string of stablecoins being released onto the market, tether (USDT) increased its grip on the cryptoconomy’s fiat supply, racking up $127B of on-chain volume on Ethereum alone. This year, the king of stablecoins faces a renewed assault […]

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Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Refiled in New District

Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Re-filed in New DistrictIfinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually raised suspicion, now faces at least three ongoing legal battles. […]

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Stablecoins Are Crypto’s Version of Fractional Reserve Banking

Stablecoins Are Crypto's Version of Fractional Reserve BankingStablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, […]

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Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply

Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total SupplySince Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network […]

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