Curve pool imbalance triggers USDT depeg concerns: Finance Redefined
The top 100 DeFi tokens had another bearish week, with the majority of tokens trading in the red. Go to Source Powered by WPeMatico
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Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD
The stablecoin pool ideally has a weightage of 33.3% of each USDT, USDC and DAI, however, on June 15, the USDT weightage rose above 70% in the pool. Go to Source Powered by WPeMatico
Hong Kong and the US aim for stablecoin regulations by 2024
The U.S. is another country currently working on stablecoin market regulations having introduced three drafts of the bill until June first week. Go to Source Powered by WPeMatico
Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps
This was Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion. Go to Source Powered by WPeMatico
TrueUSD stops minting via Prime Trust, loses dollar peg
The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice. Go to Source Powered by WPeMatico
US House Committee releases new stablecoin bill draft
The draft bill is set to go before the House Committee for discussion on June 13, and if approved by the House and the Senate, it could become the first form of crypto legislation in the U.S. Go to Source Powered by WPeMatico
Circle is latest recipient of Major Payment Institution license in Singapore
The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com. Go to Source Powered by WPeMatico
Tether invests in El Salvador’s $1B renewable energy project
El Salvador’s plans to build a billion dollar renewable energy precinct has found a first round investor in stablecoin issuer Tether. Go to Source Powered by WPeMatico
Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin
The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation. Go to Source Powered by WPeMatico
Circle to launch ‘official version’ of USDC natively on Arbitrum
USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network. Go to Source Powered by WPeMatico