In a recent interview, Circle CEO Jeremy Allaire claimed that stablecoins pegged to the Chinese Yuan are better at facilitating cross-country trades than Central Bank Digital Currencies (CBDCs).
In a recent interview, Circle CEO Jeremy Allaire said the company may issue a new stablecoin in Japan weeks after Japan’s landmark framework for the regulation of stablecoins came into effect.
Tether CTO Paolo Ardoino denied exposure to Signature Bank following reports about the stablecoin issuer using the now-defunct bank to gain access to the US banking system.
Tether CTO Paolo Ardoino expects the firm’s profits for the first quarter of 2023 to hit $700M. He also revealed that Tether currently holds $1.7B in excess reserves.
Binance CEO Changpeng Zhao said the exchange will convert nearly $1B worth of Industry Recovery Initiative funds into native crypto assets following recent turmoil in the stablecoin market.
Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.
The Aave community members are considering a proposal that seeks to freeze BUSD reserves on Aave V2 following the recent crackdown on the stablecoin by regulators.
Midas Investments announced its plans to shut down its platform after incurring significant losses that have led to a large asset deficit for the firm.
Tether CTO Paolo Ardoino denied exposure to Signature Bank following reports about the stablecoin issuer using the now-defunct bank to gain access to the US banking system.
Tether CTO Paolo Ardoino expects the firm’s profits for the first quarter of 2023 to hit $700M. He also revealed that Tether currently holds $1.7B in excess reserves.
Binance CEO Changpeng Zhao said the exchange will convert nearly $1B worth of Industry Recovery Initiative funds into native crypto assets following recent turmoil in the stablecoin market.
Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.
The Aave community members are considering a proposal that seeks to freeze BUSD reserves on Aave V2 following the recent crackdown on the stablecoin by regulators.
Midas Investments announced its plans to shut down its platform after incurring significant losses that have led to a large asset deficit for the firm.
