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Tether Expands: Stablecoin Issuer Announces Sustainable Bitcoin Mining Project in Uruguay

[May 30, 2023 1:30 PM] After announcing its plan to invest 15% of profits into bitcoin, the company Tether Limited has taken another step toward its crypto goals. Tether, the stablecoin issuer, has revealed its latest venture: “sustainable bitcoin mining…

Tether moves into Bitcoin mining in Uruguay

[May 30, 2023 10:15 AM] As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar.

The End of Tether? Why A Structural Shift In The Market Spells Trouble For USDT

[May 29, 2023 2:30 PM] Tether (USDT) is the largest stablecoin in the market, with a market capitalization of over $86 billion as of May 2023. Despite the concerns about the current state of the cryptocurrency market, Tether has continued to dominate the stablecoin…

USDT market share jumps amid economic uncertainty, USDC shrinks

[May 28, 2023 11:39 AM] Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture.

Makerdao Considers Significant DAI Savings Rate Hike: 3.3% on the Horizon, If Vote Passes

[May 28, 2023 12:00 AM] The Makerdao collective is currently immersed in a discussion about the potential rise of the DAI stablecoin’s savings rate to 3.3%. This suggestion was introduced by Block Analitica and revealed to the community on May 26 under the title…

Stargate community proposes removal of Fantom USDC pool to mitigate risks

[May 27, 2023 7:57 AM] So far, a total of 1.7 million verified members of the Stargate community have voted in favor of the proposal.

Stablecoin Issuer Lybra Finance Nears $100M in TVL

[May 26, 2023 9:54 AM] Lybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin.

Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain

[May 25, 2023 9:30 PM] On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are…

Bitcoin's Hot Ordinals Economy is Getting a Dollar-Backed Stablecoin

[May 25, 2023 7:00 AM] Stablecoin issuer Stably is launching a dollar-backed stablecoin for traders of Bitcoin NFTs and BRC-20 tokens.

EU watchdog warns about the risk of a bank run on stablecoins

[May 25, 2023 6:40 AM] The European Systemic Risk Board suggests more disclosures, more monitoring to fight the risks of the crypto market.

Sharks & Whales Accumulate Stablecoins, Why This Could Be Bullish For Bitcoin

[May 24, 2023 6:42 AM] Data shows the sharks and whales of the largest stablecoins have been accumulating, something that may turn out to be bullish for Bitcoin. Sharks & Whales Have Been Loading Up On Stablecoins Recently According to data from the on-chain…

Crypto should mimic TradFi rules: Global securities regulator IOSCO

[May 23, 2023 12:30 PM] According to the U.S. SEC, IOSCO members together regulate more than 95% of the world’s securities markets.

Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East

[May 23, 2023 10:12 AM] Decentralized finance protocol Num Finance will offer stablecoins in Brazilian real, Colombian peso, Mexican peso and Bahrain dinar within the next month and develop tokenized money market funds.

Tether Trading Volume Falls to Multi-Year Lows, Market Cap Rise Is ‘Questionable:’ Kaiko

[May 22, 2023 1:08 PM] Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion.

Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan

[May 19, 2023 4:50 AM] Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said.

US House stablecoin hearing focuses on competing bills for regulation

[May 18, 2023 11:51 AM] The answer to the question of what level stablecoin issuers are regulated on “need not be binary,” one witness said.

USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default

[May 17, 2023 1:52 PM] Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said.

Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin

[May 17, 2023 11:30 AM] Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession…

Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits

[May 17, 2023 6:00 AM] The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.

Stablecoins Interest Spikes As Traders Look To Exit Market

[May 15, 2023 7:25 AM] Data shows there has been a large spike in interest around stablecoins recently, a sign that investors of Bitcoin and other assets may be looking to exit. Stablecoins Have Observed A Sharp Rise In Social Volume Recently According to data from the…

Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD

[May 13, 2023 12:00 PM] Jump Trading and its CEO Kanav Kariya are accused of violating United States regulations and unjust enrichment in the lawsuit.

Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions 

[May 13, 2023 12:00 PM] Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of…

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro

[May 12, 2023 3:00 PM] Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on…

Binance calls it quits in Canada, blames new rules

[May 12, 2023 2:54 PM] Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators.

MakerDAO publishes 5-phase roadmap featuring funding for open-source AI projects

[May 12, 2023 12:00 PM] DAI stablecoin proprietor MakerDAO offered up an AI-heavy roadmap for the future with plans for a new blockchain.

Fiat-backed stablecoins could be used to post bail in New York under proposed bill

[May 11, 2023 12:05 AM] A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail.

Tether has $1.5B in Bitcoin reserves: BDO Italia

[May 10, 2023 2:30 PM] The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.

Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules

[May 10, 2023 2:00 AM] The U.K. opened its plans for regulating the crypto sector for public comment back in February.

DEUS Finance loses $6M following stablecoin hack

[May 6, 2023 10:38 AM] The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident.

$22M of Curve Finance algo stablecoin minted since mainnet launch

[May 3, 2023 9:58 PM] Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network.