UK court rules Tether is property in first English law post-trial crypto ruling
It comes a day after a UK government bill aimed to clarify that crypto was “personal property” under property laws. Go to Source
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Consumer protection watchdog warns about Tether’s reserves
According to the S&P Global ratings agency, Tether scored a 4 out of 5 on its stability assessment, with 5 being the worst rating. Go to Source
India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography … Read more
Tether stablecoin issuer and Tron launch financial crime unit
Tron, the largest network for the USDT stablecoin, will provide its technical expertise to identify and freeze illicit USDT transactions within the new financial crime unit. Go to Source
Ethena’s risky path: A synthetic stablecoin cautionary tale
The alternative stablecoin market is evolving, and projects like Ethena are leading the way, with a total value locked of $2.7 billion. Go to Source
BBVA Enhances Institutional Crypto Solutions With USDC Integration
BBVA has integrated stablecoin USDC into its services in Switzerland, allowing institutional clients to manage USDC alongside traditional investments. This move enhances efficiency and enables faster, secure crypto trading. The USDC addition follows previous integrations of bitcoin and ether, expanding BBVA’s digital asset solutions for clients. BBVA Adds USDC to Enhance Institutional Crypto Services in … Read more
Tether invests $100M in agriculture firm as stablecoin competition grows
This is Tether’s first investment in the agriculture and food sector, after investments in artificial intelligence, Bitcoin mining operations, and digital education initiatives. Go to Source
Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins
In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy has slowed, though it continues to expand, as highlighted by recent … Read more
Maker, now Sky’s, stablecoin freeze process could be decided by decentralized court
A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen. Go to Source
Aave, Sky float partnership to bridge DeFi, TradFi
The plan would create markets for DAI-replacement USDS on Aave. Go to Source