Since 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 […]
The post Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply appeared first on Bitcoin News.
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USDD – The world’s first dollar-backed and interest-bearing stable coin, with interest payments every 24 hours, will be officially released on October 31st by 55 Global Markets. The USDD value is 100% supported by a US dollar reserve, funds are held in trust for the benefit of tokenholders by PrimeTrust as trustee, a third-party trust company that has relationships with major US banks. Cohen & Company, a third-party independent accounting firm will conduct monthly examinations of management’s Trust Holdings Report in accordance with Statements on Standards for Attestation Engagements established by the American Institute of Certified Public Accountants. USDD supports highly efficient purchases and redemptions based on the 55 OTC market and DaoCoin infrastructure.
The post PR: Debut of USDD – A Stable Coin That Pays You Interest appeared first on Bitcoin News.
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It seems like a new alternative for Tether (USDT) pops up at least once a week recently. And the latest stablecoin to hit the market involves an interesting supporter, computer technology giant IBM. Stronghold USD is said to be backed one-to-one by fiat US dollars held at the company’s partner bank, Prime Trust. Also Read: […]
The post IBM Backs the Development of Latest New Stablecoin, Stronghold USD appeared first on Bitcoin News.
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Another outside observer of the controversial tether cryptocurrency is warning about the dangers it presents for the uninterrupted operation of USDT exchanges. Weiss Ratings is seeking to educate investors on the systematic risk tether introduces to the ecosystem. Also Read: Faced With Criticism IOTA Fans Try to Bully Growing List of Detractors Inherent Risks of […]
The post Independent Ratings Agency Alerts Investors About Dangers of Tether appeared first on Bitcoin News.
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All of us were thrilled by the MoneyToken’s advances and successes recently.
During the last several months, the team has achieved a lot: applied for a crypto-backed loans patent, announced Amanda AI loan assistant, and finally – almost finished their MVP development.
MoneyToken has announced the Private Sale, which is meant to start on February 7th at 15:00 UTC. 1,75% of the total token supply will be distributed with +40% bonus during the Private sale.
To gain access to the Private Sale, all users should join the MoneyToken Whitelist
The post PR: Crypto Backed Loans Platform MoneyToken Has Announced the Private Sale appeared first on Bitcoin News.
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Barely a week passes when Tether isn’t in the news. For a so-called stable coin, Tether and its acolyte Bitfinex are at the center of a lot of instability within the cryptoverse. After it emerged over the weekend that Tether had kissed goodbye to its auditor, critics of the opaque company began to wonder whether […]
The post Tether Severs Ties With Its Auditor, Leaving Its Accounts Shrouded in Mystery appeared first on Bitcoin News.
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