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The largest stablecoin by market capitalization will be the first to enter the ecosystem as the Kusama canary network adds support for tether before the eventual deployments to parachains. Tether Inclusion Complements Polkadot’s Efforts to Attract More Defi Applications With cryptocurrency once again on the ascent and the aggregated market capitalization nearing $2 trillion, tether … Read more
Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in January. Go to Source Powered by WPeMatico
Despite attracting more than $1 billion, Fei protocol’s genesis event hasn’t been entirely smooth sailing — with LPs facing losses if they withdraw soon. Go to Source Powered by WPeMatico
The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm based in the Cayman Islands. Accounting Firm Recognizes Two Ongoing Legal Cases According to the statement, Tether … Read more
Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman. Go to Source Powered by WPeMatico
British regulators have identified the stablecoin market as their primary assignment amid efforts to create a legal framework for virtual currencies in the country. Go to Source Powered by WPeMatico
On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD coin (USDC), the regulated token built on top of the Ethereum network. A lot Has Changed Since Dee Hock founded Visa Visa has announced cryptocurrency … Read more
Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin. Go to Source Powered by WPeMatico
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand, the country’s central bank, issued a press release Wednesday declaring a stablecoin called … Read more
Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be “a journey of years and decades.” Go to Source Powered by WPeMatico
