Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Tether partners with National Taipei University of Technology to boost blockchain and digital asset education in Taiwan. Over 110 students enrolled in the initial course covering blockchain basics and crypto career prospects. CEO Paolo Ardoino highlights the initiative’s role in promoting financial literacy. #BlockchainEducation #Update
Stablecoin transfers surged 1500% in 4 years, hitting $1.68T in April 2024. Market cap rose to $162B, driven by DeFi use and traditional finance integration. Visa reports $3.3T in monthly trades. #Crypto #Update
At BTC Prague, @CryptoSlate’s James Van Straten interviewed @Tether_to CEO Paolo Ardoino on Tether’s 2022 resilience amid industry challenges, $USDT liquidity, and prudent 2023 strategy with US Treasury bills. Emphasis on transparency and stability remains strong. #Update
Tether, the largest stablecoin issuer, faces allegations of terror financing and sanctions evasion by Russia and Venezuela. Consumers’ Research claims Tether lacks full audits. Tether denies accusations, pledging cooperation with the FBI and Secret Service. #CryptoNews
Transak lists PayPal’s stablecoin, PayPal USD ($PYUSD), enabling users to buy PYUSD with local payment methods. CEO Sami Start says it offers a trusted on-ramp for crypto. Available on Solana, backed by U.S. dollar deposits. #Update
Paolo Ardoino, Tether CTO, highlighted USDT’s resilience at Paris Blockchain Week 2022, noting its $25B redemption amid industry turmoil. Tether’s liquid reserves in US Treasury bills ensure stability. #Crypto #USDT
NAB halts its Ethereum-based stablecoin AUDN after a year. The team shifts focus to Ubiquity, a new project with @ANZ_AU. This pivot could impact future blockchain and stablecoin trends in Australia’s financial sector. #Update #Blockchain #Stablecoin
Uphold will stop supporting multiple stablecoins, including $USDT, from July 1, 2024, due to the EU’s new MiCA regulations. Clients must convert to $USDC, $EURC, or $PYUSD by June 27, 2024. Remaining balances will auto-convert to $USDC. #CryptoRegulation
Uphold will stop supporting $USDT, $GUSD, and other stablecoins from July 1 due to new European MiCA regulations. Binance and Kraken are also adjusting policies in response to these changes. #cryptonews
Tether launches Alloy (aUSDT), a new stablecoin backed by Tether Gold (XAUt) and pegged to the US dollar. Stored in Swiss gold reserves, Alloy operates on Ethereum, featuring an over-collateralized synthetic issuance platform. This marks a major step for stablecoins. #CryptoNews
Paolo Ardoino, CEO of @Tether_to, emphasizes USDT’s role in boosting global dollar demand, serving over 300M people in unstable economies. Tether’s $500M investment in renewable energy for crypto mining aligns with sustainability goals. #Update
Tether CEO Paolo Ardoino at BTC Prague 2024: “Bitcoin’s unmatched decentralization makes it a perpetual clock.” He critiqued meme coins and highlighted stablecoin regulation under MiCA. #Bitcoin #CryptoNews
Paxos has cut its workforce by 20%, reducing to 65 employees, to focus on stablecoins and asset tokenization. Launched USDL in UAE, offering yields like U.S. Treasury bonds. #CryptoNews #Finance
Tether is launching new digital assets on June 17, part of a $1B strategy to diversify beyond $USDT and challenge financial intermediaries. #Cryptocurrency #Finance
