StableCoins

Tether’s balance sheet is in such a position that even a drop in value of its reserve assets could make it technically insolvent, says a Wall Street Journal report. It highlighted the cloudy nature of Tether’s USDT reserves. Its…
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As global crypto regulators crack down on crypto asset services, Tether Holdings Ltd. entered into an agreement with the Italian subsidiary of BDO LLP. The agreement is to issue attestations every quarter and is a move designed to shift…
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Scott Beck, the CEO of United Texas Bank, believes the issuance of US dollar-backed stablecoins to licensed banks should be limited. He called on members of the state’s blockchain working group to recommend a policy for leaving stablecoins…
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Acala stablecoin (aUSD), powered by Polkadot, crashed after hackers minted 1.3 billion of the tokens for free. Acala noticed a configuration issue on its stablecoin protocol Honzon and in turn suspended functionality. Describing itself as…
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Giuliano Galoppo, a player from Argentinian mid-table club Banfield, has been acquired by Sao Paulo, one of Brazil's top soccer teams. You must be thinking that this is quite natural. It was a remarkable event since funds were transmitted…
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PayPal is very much keen to have its very own stablecoin and its subsidiary Curv is working on one. This is part and parcel of the financial technology company’s cryptocurrency push. PayPal confirmed that they are exploring the stablecoin…
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The Chairman of the Federal Reserve, Jerome Powell, at the FOMC press conference recently stated that stablecoins hold the potential to be an efficient and useful part of the financial system. They only needed to be regulated properly. The…
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Last week rumors started that Coinbase is facing liquidity issues after several emails were leaked. The leaked emails also suggested that the company might be shutting its affiliate program and also alarmed many. Kurt Wickert Jr from…
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Stablecoins like Tether (USDT) and Circle USD (USDC) could become a significant decider in future contentious hard forks, says Ethereum co-founder Vitalik Buterin. He argued that centralized stablecoins could be a significant decider of…
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The majority of Aave DAO voters, around 99.9%, want to create a new stablecoin. They pledged half a million AAVE in approving the measure to create GHO – a stablecoin that will be backed by collateral made up of other cryptocurrencies.…
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