US Treasury Secretary Janet Yellen Urges ‘Quick’ Action to Address Stablecoin Market

In recent times there has been considerable attention paid to cryptocurrencies by regulators globally. There have been increasing talks to understand the sector and regulate it accordingly in order to bring it under the purview of the law. дальше »

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US Treasury Secretary Mandates Federal Regulators on Stablecoin Laws

Janet Yellen, the Secretary of the US Treasury has said that it was imperative for regulators to establish a regulatory policy for stablecoins.   Stablecoin Regulation a Priority for US Authorities Yellen’s statement was revealed in a readout of the meeting held on Monday (July 19, 2021). дальше »

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Treasury secretary Yellen urges lawmakers to quickly introduce stablecoin guidelines

The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months. дальше »

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US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC

U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities,” said […] дальше »

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Unbound Finance Secures $5.8M, Aims at First Decentralized Cross-Chain Stablecoin

Unbound Finance, a DeFi treasury for liquidity pool tokens, has secured $5. 8 million from various prominent crypto investors including Arrington XRP Capital and Pantera Capital among others. The funding pool is meant to further Unbound’s goal of becoming the first decentralized cross-chain stablecoin. дальше »

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UK Treasury Calls for Feedback on Approach to Cryptocurrency and Stablecoin Regulation

The U.K. government is focusing on stablecoins for the next phase of its development of crypto regulations. дальше »

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UK Treasury Opens Public Consultation on Crypto and Stablecoin Regulations

The U. K. government is moving forward with its plan to harness the expanding crypto and digital asset market by organizing a public consultation on planned stablecoin and cryptocurrency regulations. дальше »

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OCC allows national banks to operate nodes and stablecoin networks

The Treasury’s Office of the Comptroller of the Currency (OCC) has greenlighted federally chartered banks to run nodes and use stablecoins for payments and other acceptable functions. The agency published a letter on January 4, noting that national banks or federal savings associates may validate, store, and record payment transactions by working as a node on independent node verification networks (INVNs). дальше »

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Lack of stablecoin regulations could be 'dangerous,' says Cardano's Hoskinson

The United States has been seeing many crypto-centric businesses come under stricter regulatory scrutiny lately. This was evidenced by the fact that the Treasury Department and other agencies on WedneThe post Lack of stablecoin regulations could be 'dangerous,' says Cardano's Hoskinson appeared first on AMBCrypto. дальше »

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UK Treasury drawing up stablecoin regulations

The UK has revealed that it is working on regulations for stablecoins as it...

The post UK Treasury drawing up stablecoin regulations appeared first on Coin Journal.

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Tether Relentlessly Prints Another 80M USDT Despite Mounting Criticism

The Tether Treasury has issued another 80M USDT in what now seems like a normal daily occurrence. Tether is now on track to soon hit $8 billion in total USDT with its latest issuances. However, critics of the unaudited stablecoin are only getting louder. дальше »

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Tether Close to Ousting XRP, Thanks to Incessant Minting

The stablecoin Tether is getting closer to surpassing XRP’s market cap, as a result of the continued minting of new tokens by the Tether Treasury, something that has previously led to accusation of artificially pushing up the price of Bitcoin and all the major altcoins. дальше »

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Why Is Only Tether Being Issued if There’s Such a ‘Surge’ in Demand for USD-Backed Stablecoins?

Many commentators in the cryptocurrency space are writing that there has been an unprecedented increase in demand for USD-backed stablecoins. However, only the Tether Treasury seems to be printing more of its stablecoin at this point. дальше »

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Tether Plans to Burn 220M USDT After Printing 120M USDT Yesterday

Tether Treasury has been busier than ever before in the past month. Now, for an unknown reason, it plans to burn 220M USDT. Tether Treasury has been ramping up its stablecoin issuance in the past month and a half. дальше »

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Huobi Treasury Mints 4.2M HUSD in Honor of 4/20

Huobi’s stablecoin has minted another 4,200,000 HUSD. Today also happens to be 4/20, which almost certainly cannot be a coincidence. Huobi is issuing more and more of its stablecoin — and it just issued $4. дальше »

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Tether Keeps Minting, Exchanges Hoarding as Stablecoin Demand Surges

The US central bank is not the only money printer in the world. The crypto industry has its own version of the Fed in the form of Tether Treasury, which continues to churn out new tokens and increase supply. дальше »

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USDT Balances on Exchanges Blast Past All-Time High

As Tether Treasury continues to mint more USDT, exchanges have been stockpiling more and more of the stablecoin. They now hold more USDT than ever before. If you have been wondering where all the USDT is going in the past few days, you may be surprised to find out that exchanges are the ones holding […] The post USDT Balances on Exchanges Blast Past All-Time High appeared first on BeInCrypto. дальше »

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Cryptocurrency News Roundup for March 25, 2020

The Tether Treasury minted another 120 million USDT on Wednesday, adding more fuel to the growing concerns about whether or not the controversial stablecoin is actually backed by the correct amount of USD. дальше »

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Binance Green Lights Another $5M of Its Stablecoin to Enter Markets

Together with PAX Treasury, Binance is giving the cryptocurrency markets a cash injection of another $5M to further bolster markets in this difficult time. Cryptocurrency markets are rallying today amid early positive indicators from U. дальше »

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Binance Issues Another $7M in BUSD Stablecoins to Boost Shattered Markets

The cryptocurrency market is still struggling to find itself after posting record losses on Thursday. Binance has decided to give it another cash injection of $7M. Binance, together with the PAX Treasury, has just issued over $7 million worth of its own stablecoin Binance USD (BUSD). дальше »

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Tether Prints $60M to Replenish Inventory for Next Demand Wave

Tether is expecting a new wave of demand. The largest stablecoin minted another 60,000,000 USDT, which will be entering markets shortly. Tether Treasury has just done an ‘inventory replenish’ to meet upcoming demand. дальше »

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Another $10M Binance USD (BUSD) Issued to Calm Markets

Binance is expanding its own stablecoin Binance USD (BUSD). Its partner PAX Treasury has just issued another 10,000,000 BUSD. Binance continues to grow its own stablecoin BUSD with the help of the PAX Treasury. дальше »

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Fresh Money Enters Cryptocurrency Market as $10M USDC Is Minted

USDC Treasury is minting another 10,000,000 USDC as Bitcoin (BTC) continues to hold the $10,000 price level. The second-largest stablecoin is expanding its circulating supply further as it injects another 10,000,000 USDC into the cryptocurrency. дальше »

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Bitcoin Bull Market Continues as USDC Treasury Mints Another $10M

The USDC Treasury has just minted another 10,000,000 USD Coin on Ethereum — which will be entering the cryptocurrency market shortly. Fresh purchasing power will soon be on the market as the USDC Treasury has minted another batch of its stablecoin. дальше »

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Another $13m USDC Minted at USDC Treasury as Market Waits for Bulls

USDC Treasury has just minted another 13,000,000 USD Coin (USDC). The second-largest stablecoin has started off the first month of 2020 with a bang. Another $13M will be entering the cryptocurrency market shortly as USDC Treasury prints another fresh batch of the asset. дальше »

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Tether Set to Burn $64.6M in USDT at Treasury

Tether Treasury is doing a rare USDT burn, which will see 64. 6M USDT redeemed and then promptly destroyed. Often we hear about Tether Treasury printing new USDT. However, it recently decided to cash out a significant amount of its stablecoin in a surprising move. дальше »

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$64.6M in USDT About to Be Redeemed and Burned at Tether Treasury

Tether Treasury is doing a rare USDT burn, which will see 64. 6M USDT redeemed and then promptly destroyed. Often we hear about Tether Treasury printing new USDT. However, it recently decided to cash out a significant amount of its stablecoin in a surprising move. дальше »

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Bitcoin Bulls Bolstered by Fresh $20M USDC Printing

$20M worth of the Coinbase-backed USD Coin (USDC) has just been minted at the USDC Treasury which will be entering the market shortly. USD Coin (USDC) is the second-largest stablecoin by market capitalization. дальше »

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Another 20M Tether (USDT) Has Just Been Freshly Minted

20M USDT has just been minted at Tether Treasury. This comes after 30M USDT was recently minted just last week. Tether Treasury has been ramping up its USDT issuing as we close out 2019. The largest stablecoin has just issued another 20,000,000 USDT, which will be entering the market shortly. дальше »

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$8M Worth of Stablecoin PAX Surprisingly Just Minted

A relatively rare event, it has been reported that $8M of Paxos Standard (PAX) was just minted at PAX Treasury. For the first time in a while, the PAX Treasury is minting another batch of tokens which will soon be entering the market. дальше »

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USD Coin Treasury Mints Another $1.5M USDC

Another batch of the Coinbase-backed USD Coin (USDC) has just been minted. $1. 5M worth of USDC will soon be entering the market. USD Coin (USDC), a stablecoin backed by Coinbase and Circle, has been quickly ramping up its issuances as it expands its reserves. дальше »

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Tether “Accidentally Minted” 5 Billion USDT as Community Investigates the Drama-Filled Matter

Accident happened while making the swap from Omni to Tron Bitfenix and Tether CTO, Paolo Ardoino said “sometimes issues happen” when working with different blockchains Controversial stablecoin, Tether is yet again in the hot waters after the Tether Treasury “accidentally” created 5 billion USDT instead of the required 50 million. The Accident with the Token […] дальше »

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Did Tether Treasury’s action of minting more USDT stall Bitcoin’s pullback?

The world’s oldest stablecoin, Tether, has time and again exhibited suspected market manipulation patterns. One of the most debated subjects in the cryptocurrency ecosystem is whether Tether is pivotal to Bitcoin’s surge and overall movement. дальше »

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Tether [USDT] Whale Alert: 20 million USDT moved from Bitfinex to Tether Treasury as Bitcoin pumps

The infamous Bitfinex-Tether saga is far from cooling down after the oldest stablecoin, USDT, recorded a series of unusual fund movements to unknown wallets from its treasury. Whale Alert, the ever-observant Twitter handle which tracks significant cryptocurrency transactions, reported another movement by the controversial Tether. дальше »

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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets. дальше »

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Tether Treasury Mints $300 Million of Stablecoin: What Could It Mean for Bitcoin Price?

Yesterday, the Tether treasury, responsible for managing the supply of the stablecoin, has minted an additional $300 million USD worth of the fiat-backed stablecoin, following the recent bullish Bitcoin price action. дальше »

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Startup Arca Seeks SEC Approval for US Treasury Bond-Backed Stablecoin

Arca Investment Management is seeking approval from the SEC to sell a new type of stablecoin to retail investors. дальше »

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Tether (USDT) Dominates Stablecoin Market Despite Treasury Size Shrinking

Recently, CryptoCompare, the global cryptocurrency market data provider published a study offering institutional and retail investors insights into the cryptocurrency exchange industry. One of the observations made by the study is that Tether (USDT) continues to represent the majority of Bitcoin trading into fiat or stable coins at 65% of the total monthly volume in […] дальше »

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Mexican Startup Wants to Support Venezuelans With $1 Million Crypto Airdrop

Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation. Called the AirdropVenezuela. дальше »

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Tether Confirms That It Is Banking With Bahamas-Based Deltec

Tether Limited is back in the news; this time, it has confirmed a banking relationship with a financial institution based out of the Bahamas. The issuer of the controversial USD-pegged stablecoin tether (USDT) announced its partnership with Bahamas-based Deltec Bank & Trust Limited. дальше »

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Tether Burns More than 500 Million USDT

Tether, the company that issues the world’s largest stablecoin USDT, announced via Twitter that they redeemed 500 million USDT tokens from the Tether treasury wallet. According to the press release published on October 24, 2018, Tether will leave the remaining 466 million USDT in the wallet to prepare for future USDT issuances. дальше »

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Tether Burns $500 Million Worth of USDT Tokens

Tether, the world’s leading stablecoin, has burned 500 million of its USDT tokens following a buyback that was carried out over the past several days. Tether spent the past week repurchasing many of its USDT tokens from exchanges and coinholders. дальше »

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Tether Burns Half a Billion USDT Coins in an Act of Redemption

In their recent blog post, Tether, the parent company of a USDT stablecoin, announced a token burn that will permanently eliminate 500 million units. Yesterday, the company announced that the burning process had been completed. дальше »

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Tether Treasury Holds Nearly 30% of Total USDT Supply

UPDATE (25 October 13:25 EDT): This article has been updated to include Tether’s recent redemption statements. The “Tether Treasury’s” USDT wallet has rapidly risen up the ranks to become the top holder of the stablecoin, suggesting that some market participants may have managed to successfully withdraw their holdings from circulation. дальше »

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Tether Intentionally Obliterates 500 Million USDT

Yesterday Tether quietly took 500 million USDT out of circulation, then promptly destroyed them. Tether Supply Shrinks By $500 USDT Yesterday the stablecoin saga took a new twist as Tether Limited, the company responsible for minting and distributing the USD-pegged ‘stablecoin’ Tether (USDT) , removed 500 million USDT from circulation and destroyed them. дальше »

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Tether burns 500M of USDT stablecoins

On October 24, Tether, a company behind USDT stablecoin, announced it had destroyed 500M USDT from the Tether treasury wallet. The details of the transaction are available on OMNI explorer. According to the official announcement, over the course of the past week, Tether has redeemed a significant amount of USDT from the circulating supply of […] дальше »

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Tether Treasury Is Getting Loaded With a Huge USDT Supply Coming from Bitfinex

The latest theory suggests that Tether is staging an exit from the stablecoin market while withdrawing the USDT tokens at a profit. The post Tether Treasury Is Getting Loaded With a Huge USDT Supply Coming from Bitfinex appeared first on CoinSpeaker. дальше »

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Binance, Poloniex, Huobi All Own More Tether Than Bitfinex

Cryptocurrency exchange Bitfinex now controls a “very small amount” of stablecoin Tether (USDT), new data shows following a shake-up of ownership. Bitfinex Sixth-Largest USDT Holder Produced by Element Group and uploaded to Twitter by CNBC commentator Ran Neuner October 18, statistics depicting the biggest USDT holders reveal Bitfinex, which shares a CEO with Tether’s issuer, now only ranks sixth on the list. дальше »

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