Stablecoin
U.S Justice Department Investigates TerraUSD Stablecoin Collapse
The US Justice Department is investigating last year’s collapse of TerraClassicUSD (USTD) stablecoin. The investigation raises the possibility of filing U.S. criminal charges against the…
Circle CEO Assures 100% Safety of USDC Reserves, Transfer Resumes
Jeremy Allaire tweeted that the company’s 100% USDC reserves are safe, in reference to the SVB collapse. Circle’s CEO assured that the company would transfer…
Circle CEO Says SEC Isn’t The Right Regulator for Stablecoins
Circle CEO Jeremy Allaire recently said that the SEC shouldn’t regulate stablecoins. Allaire believes that stablecoins should fall under the purview of banking regulators. Stablecoin…
More Curiosity Surround TUSD Following Founder’s Whale Transaction
The growing status of TUSD stablecoin amid a falling sector has raised some eyebrows in the crypto industry. Justin Sun’s recent 100,000,000 USDC transfer to…
Stablecoins See Notable Spike in Volume Following Silvergate Scrutiny
Silvergate issues have triggered a market sell-off. Prices of major cryptocurrencies dropped with millions in liquidation. Stablecoins enjoyed a fair spike in trading volume following…
5M USDC Burned At Treasury; 10.3M USDC Transferred To Coinbase
Whale Alert reports $50 million USDC burned at USDC Treasury. Paxos was ordered to stop minting BUSD by NYDFS. Coinbase plans to delist BUSD due…
Japanese Banks Initiate Stablecoin Issuance: Proof-of-Concept Trial
Three Japanese banks have announced their decision to experiment with stablecoins on Ethereum-compatible blockchain. The experiment is an initial step towards the companies’ venture to…
Tether Has Moved Reserves to Capital Union and Two Other Firms
Tether has moved $37 billion of its reserves to Capital Union Bank in 2021. The transfer of the share followed the company’s settlement with the…
Upcoming Stablecoins Will Benefit Cardano Network: Emurgo
Two stablecoins, USDA and Djed are set to launch on Cardano in early 2023. USDA fiat-based will Djed is over-collateralized and based on an algorithm.…
USDT Issuer Clears Unsecured Debt and Profits by $700M in Q4 2022
Tether announced a $700 million profit in the last quarter of 2022. A top-ranking global accounting firm attested to the accuracy of Tether’s reserve. During…
