Tether freezes $873,000 USDT linked to terrorist activity in Ukraine, Israel
The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine. Go to Source
Stablecoin
Auto Added by WPeMatico
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
Japanese yen-backed digital currency, DCJPY, to go live in July 2024
A group of Japanese companies, united behind the DeCurret brand, intends to launch the coin in July 2024. Go to Source
USDR stablecoin depegs to $0.53, but team vows to provide solutions
Real-estate-backed stablecoin USDR fell to $0.53 per coin on Oct. 11, but the team said it was merely a liquidity issue and that real estate holdings and digital assets will be used to support redemptions. Go to Source
Retail stablecoin trading in Hong Kong not allowed yet, official says
Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024. Go to Source
Dirham stablecoin DRAM hits Uniswap, developed by relaunched Distributed Technologies Research
Distributed Technologies Research has launched DRAM, a Dirham-backed stablecoin that aims to tap into the performance of the United Arab Emirates fiat currency. Go to Source
Tether treasury receives two $50M USDT lump sums from Bitfinex
Two transactions showed lump sums of $50 million in USDT transferred from Bitfinex to the Tether treasury only a few minutes apart. Go to Source
Paradigm accuses SEC of bypassing rules in Binance lawsuit
Paradigm claimed the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process. Go to Source
US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’
The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. Go to Source
Stablecoin exodus: Why are investors fleeing crypto’s safe haven?
Stablecoins have seen a 17-month decline as investors move to traditional assets. What needs to happen for the exodus to stop? Go to Source