Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
? $CEL sues $USDT to recover $2B in Bitcoin lost in alleged fraudulent transfers. Celsius claims Tether breached loan terms, causing a “fire sale” of 39,542.42 BTC at undervalued prices before Celsius’ bankruptcy. Outcome may set crypto lending precedent.
Tether’s $USDT supply hits $115B, capturing 70% of the stablecoin market. $1.3B in USDT moved to major exchanges. Tether expands education in Africa, boosting blockchain knowledge. #CryptoNews
Terra Luna Classic community approves Tax2Gas upgrade from Genuine Labs, streamlining tax calculations for developers. $LUNC price rises 6%, now at $0.000071 amid broader crypto market recovery. Could this push LUNC to $1? #CryptoNews
Tether ($USDT) to double its workforce to 200 by mid-2025 amid recession fears, following a $5.2B profit in H1 2024. Crypto firms like Coinbase, Binance, and Crypto.com are also hiring, indicating a reversal in industry layoffs. #CryptoNews
Tether to double workforce to 200 by mid-2025, focusing on regulatory compliance and financial management. CEO Paolo Ardoino aims for efficient growth while managing $118B in assets. Q2 operating profit hits $1.3B. $USDT #cryptocurrency
Supreme Court of Montenegro delays Terra ($LUNA) founder Do Kwon’s extradition to South Korea after a legal compliance review request from the Supreme State Prosecutor’s Office. The decision also raises questions on extradition to the U.S. #CryptoLaw
“Terra Luna Classic v3.1.3 upgrade enhances burn tax distribution and staking, with 99.99% validator support. Staked $LUNC rises to 1.04T, staking ratio at 15.39%. #Update #CryptoNews”
“Tether CTO Paolo Ardoino slams Ripple CEO Brad Garlinghouse for USDT remarks, accusing him of fearmongering amid Ripple’s stablecoin plans. Ardoino defends $USDT’s stability and compliance. #CryptoUpdate #USDT $XRP”
Tether invests $100M in Bitdeer shares, with an option for $50M more. Bitdeer’s stock surged 4% post-announcement. Funds will enhance sustainable Bitcoin mining infrastructure. #Crypto $USDT $BTDR #Update
Source: coingape.com
? The Elixir team launched deUSD, a decentralized stablecoin backed by stETH and sDAI, in October 2023. With additional staking rewards and reduced basis risk, deUSD aims to enhance liquidity on DEXs. #DeFi #CryptoNews
“Tether CEO Paolo Ardoino criticizes EU’s MiCA regulations mandating 60% reserves in bank deposits, arguing it risks stablecoin stability. Cites $110B $USDT market cap vs. EUR 100K deposit insurance. #CryptoRegulation #Update”
“Terra Luna Classic ($LUNC) debates increasing burn tax from 0.5% to 1.5%. Proposal aims to accelerate burns but faces concerns over exchange support. LUNC price recently dipped 3%, now at $0.00008094. #Update #CryptoNews”
“Paxos launches Lift Dollar ($USDL) in Argentina, offering a 5% yield and daily payouts. Fully collateralized by U.S. dollars and regulated by ADGM. Aimed at benefiting the unbanked. #Crypto #Update”
Polkadot proposes reducing the minimum balance for $USDT and $USDC on its Asset Hub from $0.07 to $0.01 to boost stablecoin adoption. The move aims to make Polkadot more competitive in the stablecoin market. #Update
