Tag Stablecoin
Tether Hits Slams Deutsche Bank Study on Stablecoins, Dubs it Vague
Key Takeaways Tether has hit out at Deutsche Bank over its report claiming that most stablecoins, including Tether’s USDT, are likely to face ‘significant turbulence’ and fail owing to a lack of transparency and vulnerability to speculative sentiment. “While some…
Terraform Labs and Do Kwon Found Liable in U.S. Civil Fraud Trial
Key Takeaways In a recent jury trial, Terraform Labs and its co-founder, Do Kwon, were found liable on civil fraud charges brought by the U.S. Securities and Exchange Commission (SEC) concerning the collapse of the Terra ecosystem in May 2022. …
Major Hong Kong Bank Opens Doors to Stablecoin Issuers
VanEck’s Nick van Eck to Launch Stablecoin AUSD with $12M Funding
Key Takeaways Nick van Eck, son of Jan van Eck, the CEO of VanEck, a prominent $90 billion asset management firm, is set to launch a new stablecoin named Agora digital dollar (AUSD). The initiative follows a successful $12 million…
Tether Boosts Bitcoin Reserves to $5.3 Billion with New Purchase
Key Takeaways Tether, the force behind USDT stablecoin, recently boosted its Bitcoin reserves with an acquisition of 8,888 BTC on March 31, valued at $618 million. This move marks a significant step in Tether’s ongoing Bitcoin accumulation strategy, pushing its…
US Senator Cynthia Lummis Proposes Legislation to Regulate Stablecoins
Hong Kong’s Proposed Stablecoin Rules Face Critique from the Crypto Council
Key Takeaways The Crypto Council for Innovation (CCI) has raised significant concerns regarding proposed stablecoin regulations in Hong Kong, outlined in a consultation paper by the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB).…
UK Plans to Introduce Stablecoin and Staking Laws Within Six Months: Report
Frax Finance Fully Explained! (Use Code – FREE)
In simple layman’s terms, stablecoins are crypto assets pegged to the U.S. dollar. This is done to ensure price stabilization in the crypto market. However, recent events due to UST and USDD crashes have created a new fear, and the…