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While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations

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The controversy surrounding the backing of Tether’s USDT tokens has resurfaced following a recent alteration to the company’s terms of service that now state the reserves backing USDT comprise “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.” Despite tether’s dominance among stablecoins by market … Read more

Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

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Despite many stablecoins ranking among the top 20 most traded crypto assets by monthly volume, a recent report has shown that there are few onchain transactions conducted using these fiat-pegged tokens. Also Read: Swiss Stock Exchange Launches Trading for ETH ETP DAI Sees Significant Onchain Usage Of the established stablecoins, DAI has recorded the largest … Read more

In the Daily: Circle Acquisition, Tagomi Funding Round, Tradingview Crypto Index

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In this edition of The Daily we cover a few examples of the evolving institutional crypto investment world. Circle has completed an acquisition of a regulated broker, cryptocurrency prime brokerage Tagomi closed a $12 million funding round, and charting portal Tradingview added a crypto index. Also Read: Tron Partners With Tether to Launch TRC20-Based Stablecoin … Read more