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Indian Exchange Launches Lending Program for 5 Cryptocurrencies

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An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com. Also read: Crypto Enthusiasts Unite in 4 Indian Cities … Read more

While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations

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The controversy surrounding the backing of Tether’s USDT tokens has resurfaced following a recent alteration to the company’s terms of service that now state the reserves backing USDT comprise “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.” Despite tether’s dominance among stablecoins by market … Read more

Stablecoins Are Threatened by These Two Major Issues

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On the heels of recent commentary from the published correspondence between Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd, SEC senior advisor Valerie Szczepanik explained at Austin’s SXSW conference that stablecoins may be violating current securities laws. Also read: Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards Stablecoins May … Read more

Turkish Real Estate Agency Sells 9 Houses for BTC

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Turkish real estate agency Antalya Homes has sold nine properties to date using bitcoin core, mostly to foreign buyers. The houses cost a minimum of €30,000 each (~$33,900) said the agency, which also accepts bitcoin cash, ethereum, stellar, ripple, litecoin and tether. Also read: Nordea Bank Faces Allegations of Laundering Russian Millions ‘Crypto Purchases of … Read more

Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

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Despite many stablecoins ranking among the top 20 most traded crypto assets by monthly volume, a recent report has shown that there are few onchain transactions conducted using these fiat-pegged tokens. Also Read: Swiss Stock Exchange Launches Trading for ETH ETP DAI Sees Significant Onchain Usage Of the established stablecoins, DAI has recorded the largest … Read more

Tether Will Issue TRC-20 USDT Tokens on Tron’s Blockchain

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There are always peculiar developments in the cryptocurrency to take note of. Especially where stablecoins are concerned, there are plenty of things to take into consideration. Tether, the creators of the USDT stablecoin, are now bringing their popular token to the Tron network. This development further confirms the Tron blockchain is here to stay, as … Read more

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