2023-5-11 08:35 |
The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults.
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Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules.
2023-4-26 03:10 | |
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Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million.
2023-4-17 00:00 | |
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According to Bloomberg, Tether, the world's largest stablecoin issuer, utilized Signature Bank to transfer funds from the United States to the Bahamas.
2023-4-6 17:47 | |
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At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars through the bank’s Signet platform.
2023-4-5 00:31 | |
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Tokenized gold is a type of stablecoin that pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer.
2023-4-5 00:06 | |
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USDC has struggled to recover from the negative fallout a few weeks ago after Silicon Valley Bank’s (SVB) collapse. Investors have continued to withdraw their assets from the stablecoin despite assurances from issuer Circle about its reserves.
2023-4-2 16:02 | |
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The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed.
2023-3-24 19:58 | |
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Stablecoin issuer Circle has warned its community about a fake USD Coin (USDC) airdrop on the Twitter account of its chief strategy officer and head of global policy, Dante Disparte. The post USDC issuer Circle issues warning about hacked executive account appeared first on CryptoSlate.
2023-3-22 18:41 | |
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The stablecoin issuer wants to expand European operations and prepare for new reserve requirements under the EU’s MiCA law.
2023-3-21 13:30 | |
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Coinbase reportedly offered a $3 billion credit facility to USDC issuer Circle Internet Financial. The credit facility was to guarantee full liquidity for the stablecoin following the collapse The post USDC issuer Circle offered $3 billion emergency backstop from Coinbase appeared first on AMBCrypto.
2023-3-21 11:15 | |
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Following the issuance of a Wells Notice from the Securities and Exchange Commission (SEC) to Binance USD (BUSD) issuer Paxos, the stablecoin has taken a hit in the market. Its market cap plunged rapidly as the firm was ordered to stop issuing new tokens and redemptions of the stablecoin surged. There has since been a […]
2023-3-17 02:00 | |
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Circle, the issuer of USDC, announced that they had cleared all the backlog of minting and redemption. The stablecoin got depegged over the weekend. The post USDC Survives Silicon Valley Bank Collapse and Clears Backlog appeared first on BeInCrypto.
2023-3-17 18:01 | |
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The stablecoin issuer says that from March 13 and March 15, it redeemed $3.8 billion USDC and minted $0.8 billion USDC.
2023-3-16 05:01 | |
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CNHC Group, the CNHC stablecoin issuer, has raised $10 million in Series A+ funding. KuCoin Ventures, a crypto investment firm, let the round.
2023-3-16 23:50 | |
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The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny.
2023-3-16 17:37 | |
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Coinspeaker KuCoin Plays Lead Role in Funding Round for Yuan Stablecoin Issuer CNHC Leading exchange KuCoin participated in a $10 million funding exercise for CNHC to support stablecoin adoption.
2023-3-15 16:00 | |
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Coinspeaker USDC Issuer Circle Updates Its Community on Its Stablecoin Operations As unveiled by Circle, it has started processing its redemption through a new banking partner after it was able to access the funds worth $3.
2023-3-15 14:34 | |
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A March 12, 2023, joint statement by the Department of the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) advised that depositors for both the Signature Bank, New York and Silicon Valley Bank, Santa Clara, California, will have access to their money effective March 13, 2023. On March 13, 2023, the Bank of […]
2023-3-14 01:58 | |
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USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $3. 3 billion in deposits with the defunct bank, contributing to uncertainty regarding USDC.
2023-3-13 14:39 | |
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Stablecoin issuer Circle disclosed late Friday that around $3. 3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped precipitously in response to a run on deposits by nervous consumers.
2023-3-11 13:22 | |
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The USDC stablecoin lost its $1 peg after its issuer Circle said it has $3.3 billion stuck in the embattled Silicon Valley Bank. The post USDC Market Cap Sheds $6B as Circle Reveals $3.3B Exposure to Silicon Valley Bank appeared first on BeInCrypto.
2023-3-11 12:12 | |
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Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank.
2023-3-11 04:01 | |
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The decentralized autonomous organization behind the DAI coin previously purchased $500 million worth of notes and bonds.
2023-3-7 20:15 | |
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The recent action from Binance comes in the wake of the NYDFS ordering BUSD issuer Paxos to stop minting new coins.
2023-3-7 14:54 | |
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Stablecoin issuer Tether faces allegations by the Wall Street Journal that it accessed bank accounts through shell companies and accounts used for money laundering. The post Tether Partners Used Fraudulent Documents to Give Company Access to Bank Accounts, Says Report appeared first on BeInCrypto.
2023-3-4 14:59 | |
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Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says.
2023-3-4 23:02 | |
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Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin.
2023-3-4 22:27 | |
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BUSD stablecoin recorded some setbacks after the US SEC’s recent enforcement action on its issuer, Paxos. Aside from a plunge in trading volume, BUSD’s market capitalization has also plummeted significantly.
2023-3-3 17:30 | |
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USDC stablecoin issuer Circle has announced its withdrawal from specific services involving Silvergate Capital Corp, joining other companies in distancing themselves from the troubled crypto bank.
2023-3-3 12:06 | |
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Circle chief Jeremy Allaire has reacted to the recent spree of enforcement actions by the US Securities and Exchange Commission (SEX) and other agencies in the crypto industry. In an interview with Bloomberg, the Circle boss shared his views regarding SEC’s recent moves on BUSD stablecoin issuer Paxos.
2023-2-25 18:00 | |
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Paxos Trust, the issuer of Binance USD, is currently in talks with the U.S. Securities and Exchange Commission (SEC) after the regulatory body stated that Paxos should have registered the token as a security
2023-2-21 19:46 | |
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Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company.
2023-2-19 00:27 | |
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Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator, but a Circle executive rebuffed the claim.
2023-2-15 01:27 | |
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The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming.
2023-2-14 00:14 | |
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New York’s top financial regulator is investigating stablecoin issuer Paxos – and, according to a new report, it was rival stablecoin issuer Circle that sounded an alarm.
2023-2-14 22:38 | |
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Paxos has been ordered to discontinue Binance USD, the third largest stablecoin in the crypto market. The End of BUSD Stablecoin issuer Paxos has landed in regulator crosshairs. The crypto...
2023-2-14 20:06 | |
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In what will be seen as a major escalation in its crypto enforcement agenda, the Securities and Exchange Commission (SEC) is preparing to sue Paxos for selling Binance USD (BUSD) as an unregistered security.
2023-2-13 18:44 | |
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Members of the Aave community are examining whether to freeze BUSD on the platform and the stablecoin's issuer, Paxos, was sued by the SEC today.
2023-2-13 17:44 | |
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Tether (USDT) trading volumes are up by over 35% less than 12 hours after Paxos, the issuer of BUSD, a competing stablecoin, was directed to stop minting new coins.
2023-2-13 15:48 | |
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Paxos, the issuer of BUSD, has been reportedly told to stop issuing the stablecoin.
2023-2-13 14:35 | |
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Industry-leading stablecoin issuer is having some problems
2023-2-13 12:11 | |
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The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar and Binance USD tokens, over the latter. The news comes days after CoinDesk reported Paxos was under investigation by the New York Department of Financial Services.
2023-2-13 03:23 | |
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Stablecoin issuer Tether (USDT) is reportedly using Wall Street financial institution Cantor Fitzgerald to manage its $39 billion bond portfolio, Wall Street Journal reported February 10. The post Wall street institution Cantor Fitzgerald reportedly manages $39B of Tether’s reserves appeared first on CryptoSlate.
2023-2-11 23:29 | |
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The Wall Street bond trading powerhouse is managing Tether's $39 billion bond portfolio, according to the report.
2023-2-10 21:00 | |
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A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CoinDesk's request for information about the financial reserves backing the USDT token.
2023-2-10 20:39 | |
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The New York Department of Financial Services is investigating crypto company Paxos, though the scope of the investigation is not yet clear.
2023-2-10 23:53 | |
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Stablecoin issuer issued its latest attestation report for the fourth quarter of 2022. The company reported a net profit of $700 million in Q4. The profit is in addition to the company’s reserves.
2023-2-10 21:10 | |
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Stablecoin issuer Tether reported a $700 million profit for the fourth quarter of 2022, according to its latest attestation report published on February 9. The post Tether reports $700M profit for Q4’22 appeared first on CryptoSlate.
2023-2-9 16:25 | |
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Tether's assets as of Dec. 31 stood at $67 billion, with liabilities of $66 billion, almost all of which relates to digital tokens issued.
2023-2-10 14:29 | |
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