Stablecoin firm Tether minted 4B USDT in 4 weeks: Data
Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023. Go to Source
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Tether issues $610M debt financing to Bitcoin miner Northern Data
In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives. Go to Source
Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2
e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets. Go to Source
Stablecoin market escaping US regulatory oversight: Chainalysis
Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis. Go to Source
BTC price nears 2023 highs — 5 things to know in Bitcoin this week
Bitcoin is back near its year-to-date highs, but BTC price moves belie an underlying lack of support, analysis fears. Go to Source
Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better
Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated. Go to Source
Binance US asks users to convert USD into stablecoins for withdrawals
Binance.US users “may convert” their USD funds to stablecoins or other digital assets in order to withdraw USD funds from their accounts, the firm said. Go to Source
Tether stablecoin firm appoints CTO Paolo Ardoino as CEO
The change in leadership at Tether reflects its commitment to actively exploring new business operations, the company said. Go to Source
PayPal rolls out PYUSD stablecoin to Venmo users
The payments platform said PayPal USD will be “rolling out fully in the coming weeks” after announcing its launch on Venmo. Go to Source
Bitcoin at $25K: Discount or disaster?
This week, The Market Report discusses Bitcoin’s recent dip below $25,000 and what it means for the near future. Was it a discount or a disaster? Go to Source
