Tag: Stablecoin
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Tether Resumes Lending Operations to Bolster Liquidity for Long-Term Clients
WSJ reported In a strategic decision aimed at fortifying its long-term customer relationships, Tether, the popular stablecoin issuer, has announced the resumption of its lending services, just under a year…
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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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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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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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Tenet Protocol: Introducing a Revolutionary Public Blockchain for LSD
With the increasing popularity of the LSD (Liquidity Staking Dollar) narrative, innovative mechanisms are emerging within the LSD space. Today, we introduce Tenet Protocol, a groundbreaking Layer 1 blockchain designed…
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Bitcoin Network with the First-Ever BRC20 Stablecoin
In the ever-evolving landscape of cryptocurrencies, new innovations continue to emerge. Recently, Stably, a reputable Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, made a groundbreaking announcement [1]….
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BUSD Market Share on Binance Drops Below 10%, TUSD risen to 24%
BUSD’s market share on Binance has fallen below 10% for the first time since July 2021. As of May 18, 2023, BUSD’s market share stands at 9.9%, while TUSD’s market…
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SEC Investigation into TerraUSD: Market Manipulation by Terraform Labs
As per WSJ reported, In May 2022, TerraUSD, a stablecoin designed to maintain a one-to-one peg with the U.S. dollar, faced a significant crisis when it lost its peg. The…
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Do Kwon Released on Bail After Montenegro Court Accepts €400,000 Bail
Terraform Labs co-founder Do Kwon has been released on bail after a court in Montenegro accepted a €400,000 bail. Kwon was arrested in March in Montenegro on charges of traveling…
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Tether $700 million profit for the first quarter of 2023
Tether, the world’s leading stablecoin issuer, has reported a remarkable $700 million profit for the first quarter of 2023. This impressive figure matches the company’s profits from the last quarter…
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Curve Finance Deploys crvUSD Stablecoin Smart Contracts on Mainnet
Curve Finance, a decentralized exchange (DEX) and liquidity pool protocol, has announced that its native stablecoin, crvUSD, has successfully deployed smart contracts on the Ethereum main network. This deployment marks…
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Curve Finance Deploys crvUSD Stablecoin Smart Contract on Sepolia Test Network
Curve Finance, a decentralized finance (DeFi) protocol, has deployed the crvUSD stablecoin smart contract on the Sepolia test network. This move represents a significant step forward for the development of…
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Binance CEO Warns Justin Sun Against Using TUSD for Sui LaunchPool
Recently, Justin Sun, the founder of TRON, made a significant transfer of 59 million TUSD to Binance, which has raised eyebrows in the crypto community. While Sun stated that this…
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Telegram Adds USDT Stablecoin Transfer Expands Crypto Capabilities
In a move that further integrates cryptocurrencies into mainstream platforms, Telegram users can now transfer USDT through the app’s @wallet bot. The Tether stablecoin is the world’s largest by market…
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Tether (USDT) Expects to Make $700 Million Profit in March Quarter
Tether, a leading stablecoin issuer, has projected its total excess reserves to reach over $1.6 billion, with an estimated profit of $700 million in the March quarter, according to the…
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Tether Resumes Lending Operations to Bolster Liquidity for Long-Term Clients
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