Bitcoin exchanges just saw massive Tether stablecoin deposits
Is a broader rally forming for Bitcoin as sidelined capital makes its way onto exchanges? Go to Source Powered by WPeMatico
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Equilibrium raises $2.5M to secure support for Polkadot parachain bid
Major Polkadot ecosystem investors are backing the DeFi protocol. Go to Source Powered by WPeMatico
VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg
The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital firms. Fei Protocol Market Price Drops … Read more
Polkadot’s Potential Gathers Momentum as Tether Joins the Ecosystem
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
Indian IT giant Tech Mahindra to launch stablecoin tool for banks
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
Fei Protocol genesis locks up $1 billion in ETH, but LPs could face losses
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
Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities
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 stablecoin is fully backed, says new assurance report
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
UK authorities to focus on stablecoin regulations to prevent monopolies
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
Payment Giant Visa Integrates USDC Stablecoin Support for Settlement
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