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Tether Treasury’s Latest Move According to the Whale Alert data, Tether Treasury put 1 billion USDT into the Ethereum blockchain on (date). This significant transaction occurred at 17:43:59 Beijing local time on the 19th of April. Tether’s CEO Paolo Ardoino confirmed that the massive addition was rather a provisioning to their Ether holdings. This mechanism…
Binance, which began to shift from its previous stance of 1.5 years, announcing its decision to delist USDC, now reveals the plan to restyle the whole Safety of Asset Fund into USDC. Embracing USDC: A Strategic Shift A new update has come from Binance, which it has taken another step forward in the USDC adoption…
Tether, with its staggering $100 billion USDT in circulation, has long reigned supreme in the stablecoin realm, encompassing over 70% of the market. Nevertheless, a fresh wave of stablecoin contenders has emerged, poised to rival Tether’s dominance by introducing yield incentives. Challenging Tether’s Hegemony Tether’s stronghold is largely attributed to its investments in US Treasuries,…
In a strategic move aiming to merge traditional finance with digital assets, investment management titan BlackRock has officially unveiled plans for a tokenized asset fund. The initiation of the BlackRock USD Institutional Digital Liquidity Fund signifies a bold step towards integrating blockchain technology into asset management. The initiative, incorporated within the jurisdiction of the British…
The United Nations recently reported illicit USDT use, prompting Tether to issue a comprehensive response. However, Tether emphasized the benefits of their stablecoin in emerging economies, which the UN report allegedly neglected. Moreover, they highlighted the long-standing prevalence of money laundering in traditional banking systems. On the other hand, the UN report did not consider…
Paxos, the US-based cryptocurrency company, is set to launch a stablecoin in Singapore, marking a significant move into a jurisdiction known for having some of the world’s most stringent crypto regulations. The company has not only established a presence in the country by founding Paxos Digital Singapore Pte. Ltd. but has also received provisional approval…