Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Tether CEO Paolo Ardoino announced a new class of digital assets, part of a $1B strategy to reduce reliance on tech giants. Tether’s Q1 profits hit $4B, with USDT holding 70% market share. #Update @Tether_to
Justin Sun, founder of Tron, announces gas-free P2P stablecoin transfers launching Q4 2024. Initially on Tron, then Ethereum and other EVM networks. This could boost mass adoption by large companies. $TRX #Update
WhiteBIT launches WhitePool, a Bitcoin mining pool now in the top 15 globally. It features a user-friendly interface, 24/7 support, and an automated reward system. VIP program offers lower fees and perks for top miners. #CryptoNews
Paolo Ardoino, CTO of @Tether_to, recapped 2022’s challenges at Paris Blockchain Week. Highlighted Tether’s $25B USDT redemptions amidst attacks, contrasting with 2023 US bank failures. Emphasized transparency with BDO attestations. #Update #CryptoNews
In India, $USDT trades at a 5-12% premium due to strict regulations, rupee volatility, and high transaction costs, says @CoinSwitchKuber. @NischalShetty of WazirX cites high demand and regulatory challenges. #Crypto #Update
“Peter Brandt warns of potential disaster for $USDT, citing transparency issues, while Willy Woo highlights Tether’s resilience and shift to over-collateralized assets. Future remains uncertain amid illegal activity allegations. #Crypto #Update”
S&P Global Ratings assessed stablecoins, rating @circle’s $USDC highest with a score of 2 for strong reliability. Tether’s $USDT received a 4 due to transparency issues. This highlights the need for solid regulatory frameworks. #Crypto #Update
Tether halts $USDT minting on EOS and Algorand, effective immediately. Users have one year for redemptions. This move aligns with Tether’s focus on security and community-driven support. #Update #CryptoNews
“Breaking: Tether halts $USDT issuance on Algorand and EOS, citing community interest and efficiency. Redemptions continue for 12 months. Supported blockchains include Ethereum, Tron, and Solana. #Crypto #Update”
Terra Classic remains secure despite the recent hack on $LTC Phoenix-1 blockchain due to proactive updates by Genuine Labs. The incident highlights the importance of timely security patches and ecosystem-wide vigilance. #BlockchainSecurity #Update
State Street Corporation is exploring the launch of a stablecoin and deposit token to boost cross-border payment efficiency using blockchain. This move marks a key shift in integrating digital assets with traditional finance. #Update #Blockchain @StateStreet
Tether’s $USDT supply on @ton_blockchain surged by $580M in under two months, reaching $519M. Growth driven by ease of transactions and increased investor interest. Binance’s integration also expanded access. #Update #CryptoNews
Tether (@Tether_to) reports record $5.2B profit in H1 2024, with $1.3B in Q2, driven by investments in U.S. Treasuries. $USDT’s market cap hits $114B. Regulatory scrutiny continues as @Circle secures Europe’s first stablecoin license. #CryptoNews
.@JDCom to launch JD Stablecoin, pegged 1:1 to the Hong Kong dollar. Backed by liquid assets in licensed financial institutions, this move highlights Hong Kong’s ambitions as a financial innovation hub. #Stablecoin #Finance
