us treasuries – DIGIT INFO

Top 5 Bitcoin critics unfazed by $100K BTC milestone

DIGIT — Fri, 27 Dec 2024 15:00:00 +0000

Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency’s future.

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Nexbridge Brings US Treasuries to Bitcoin Blockchain With USTBL Offering

DIGIT — Tue, 19 Nov 2024 15:30:37 +0000

Nexbridge, a digital asset issuer, has introduced USTBL—a regulated gateway for investors to tap into U.S. Treasury returns through blockchain technology. Anchored on Blockstream’s Liquid Network, the offering leverages the firm’s Asset Management Platform, aiming to ensure streamlined compliance and bolstering transparency. The issuance kicks off with a soft cap set at $30 million. Blockstream’s […]

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Tether to Increase Its Workforce to 200 by Mid-2025, Says CEO Paolo Ardoino

DIGIT — Fri, 09 Aug 2024 23:30:48 +0000

The CEO of stablecoin issuer Tether Holdings Ltd. has announced plans to increase the company’s employee headcount to 200 by mid-2025. The firm stated that a majority of the new employees will be assigned to the compliance team, while others will join the finance team. A Finance Behemoth With a Lean Structure Stablecoin issuer Tether […]

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Tether Posts $5.2 Billion Profit in First Half of 2024

DIGIT — Wed, 31 Jul 2024 17:30:22 +0000

Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise in group equity. Tether Reveals Mid-Year Financials The largest stablecoin issuer […]

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Yield-bearing Treasury-backed stablecoin USDY launches on Aptos

DIGIT — Wed, 31 Jul 2024 13:30:00 +0000

Stablecoin issuers are becoming some of the largest buyers of United States government debt at a time of increased de-dollarization.

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Real-world assets evolve finance by tokenizing everything, says Kinto co-founder

DIGIT — Fri, 26 Jul 2024 11:05:00 +0000

Real-world assets could catalyze the tokenization of everything, or at least Kinto thinks so.

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Do Bitcoin halvings spark BTC price rallies, or is it US Treasurys?

DIGIT — Tue, 26 Sep 2023 17:20:00 +0000

An intriguing chart shows a close relationship between U.S. 10-year Treasurys and Bitcoin halving price rallies.

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Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year

DIGIT — Sun, 06 Nov 2022 18:30:05 +0000

According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange Commission (SEC). Circle Deepens Relationship With the World’s Largest Asset Manager Blackrock […]

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Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected

DIGIT — Sun, 16 Oct 2022 07:30:00 +0000

The Japanese yen’s exchange rate versus the U.S. dollar recently plunged to its lowest rate in 32 years — 147.66 JPY per dollar. The yen’s latest fall comes less than a month after its slip in September prompted authorities to enter foreign exchange markets for the first time since 1998. Gap Between US Treasuries and […]

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Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero

DIGIT — Thu, 13 Oct 2022 22:30:52 +0000

On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a while now, and Tether says that shrinking commercial paper holdings down to zero “demonstrates Tether’s commitment to backing its tokens with the […]

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