Category: Stablecoin
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Tether Unveils Wallet-Freezing Policy to Safeguard
Tether, has revealed its latest initiative geared towards fortifying the cryptocurrency ecosystem. The company’s announcement on December 9, 2023, highlighted a strategic decision made on December 1, 2023, to introduce…
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Binance Announces Cease of Support for BUSD Products
In a recent announcement, Binance has revealed significant changes to its support for BUSD (Binance USD) products, following the decision by Paxos to halt the minting of new BUSD. Effective…
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Circle and SBI Holdings Partnership To Introduce USDC To Japan
In a groundbreaking collaboration, global fintech leader Circle and SBI Holdings have joined forces to introduce USD Coin (USDC) to Japan’s thriving Web3 ecosystem. This partnership gains unprecedented momentum as…
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US Department of Justice Leads to Massive USDT Freeze
Tether and OKX have joined forces with the United States Department of Justice (DOJ) to execute the largest-ever freeze of USDT tokens in history. The collaborative effort has successfully frozen…
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TrueUSD Announces Full Management Transition to Techteryx for Global Expansion
TrueUSD (TUSD), the popular stablecoin, has announced a significant milestone in its journey towards global expansion. In December 2020, TrueCoin, LLC, a subsidiary of Archblock, Inc., transferred the business ownership…
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Circle Partners with Arbitrum: A Bold Move Towards Cross-Chain Transfers with USDC
Enhancing blockchain innovation, Circle has successfully incorporated its specialized Cross-Chain Transfer Protocol (CCTP) with Arbitrum, taking a significant leap in blockchain cross-functionality. This strategic move opens up new possibilities for Binance’s USD Coin…
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The Price Of TUSD/USDT Experienced Temporary Dip, Falling to 0.9977
The price of TUSD/USDT on Binance experienced a temporary dip, falling to 0.9977. This price fluctuation has raised questions and speculation within the cryptocurrency community. Some users believe that this…
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USDC Founder Highlights Hong Kong’s Role in the Asian Digital Dollars Market
In a recent appearance at the Tianjin Forum, Jeremy Allaire, the founder of Circle and USDC (USD Coin), shed light on Hong Kong’s growing significance as a major center for…
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Federal Reserve Chair Jerome Powell Advocates for Central Bank Oversight of Payment Stablecoins
In a recent testimony before the House Financial Services Committee, Federal Reserve Chair Jerome Powell emphasized the importance of central bank involvement in the approval and regulation of payment stablecoins….
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Tether Launches U.S. Dollar-Pegged Tokens on Kava
Tether Operations Limited (Tether), the leading provider of stablecoins, has announced its partnership with Kava, a layer-1 blockchain platform designed for scalability and speed. This collaboration will introduce U.S. dollar-pegged…
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Tether Includes Securities from Chinese Banks to Back Its USDT
Tether Holdings Ltd., the company behind the popular cryptocurrency stablecoin USDT, has listed securities issued by Chinese state-owned banks to support its USDT reserves. This information has come to light…
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Binance Initiates Direct Swap of 1.25 Billion USDT-TRX
In a move aimed at ensuring stablecoin liquidity, Binance, one of the leading cryptocurrency exchanges, has announced a direct swap of 1.25 billion USDT-TRX for USDT-ETH with the Tether team….
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USDT Untethered Fate: Navigating the Depegging Storm
The price of the USDC/USDT trading pair on Binance has been rapidly increasing and has now reached $1.0034, the highest level seen since June 13, 2022. This surge in value…
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TUSD Pool Tilts as Users Opt for USDT-Based Stablecoins
In a recent development, the TUSD pool on Curve, boasting a Total Value Locked (TVL) of US$15.5 million, has witnessed a significant shift as users increasingly convert TUSD (TrueUSD) into…
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