New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing
While the biggest stablecoins, Tether’s USDT and Circle Internet Financial’s USDC, are backed by conventional assets like U.S. Treasurys, ...
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Tag: Issuer
USDC Issuer Circle Has Ditched All U.S. Treasuries From Stablecoin Reserve Fund Amid Debt Ceiling Showdown
This is a significant change since the end of April, when the fund held more than $30 billion in ...
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USDT Issuer Tether Invests in Georgia Payment Processor CityPay.io
Stablecoins are a key piece of plumbing in the crypto ecosystem, bridging government-issued currencies and facilitating trading. Issuers are ...
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Stablecoin Issuer Lybra Finance Nears $100M in TVL
Lybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin. Source link
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Stablecoin Issuer Stably Creates Dollar-Backed Token for Bitcoin Ordinals
The company’s first bitcoin-linked stablecoin will have to fare better than its other stablecoin products if it wants to ...
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USDC Stablecoin Issuer Circle Moves $8.7B to Repo Agreements Amid Risk of U.S. Default
Overnight repo transactions are effectively short-term collateralized loans. The borrower is selling a security – in this case, U.S. ...
Read moreUSDT Issuer Tether Says It Will Buy BTC with Realized Profits for Bolstering Stablecoin Reserves
The company said it will exclusively utilize realized profits from its investment operations for buying BTC, disregarding unrealized capital ...
Read moreUSDT Stablecoin Issuer Tether Reveals Bitcoin, Gold Reserves, Reports Q1 $1.48B Profit
According to the Q1 attestation signed by financial services firm BDO Italia, Tether held about $2.44 billion in excess ...
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NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access
Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York ...
Read moreStablecoin Issuer Tether Was Client of Signature Bank to Serve U.S. Customers: Bloomberg
Tether CTO Paolo Ardoino, in response to the article, said the company has no exposure to Signature Bank. ...
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GlobaleCrypto to Introduce Innovative Cloud Mining Opportunities in the Cryptocurrency Industry
GlobaleCrypto, a global leader in digital asset mining services operating in over 100 countries, is proud to announce its expansion...
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