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Stablecoin issuer Tether maintains a liquidity cushion of nearly $3.3 billion to provide stability to the Tether ecosystem and garner trust among shareholders. Tether’s reserves report as of Aug. 24 reveals a combined surplus in shareholder capital cushion of $3.29 billion — spread over 15 blockchain ecosystems. Apart from Algorand and
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United States Senator Bill Hagerty, a member of the Senate Banking Committee, introduced legislation seeking a safe harbor for cryptocurrency exchanges from “certain” Securities and Exchange Commission (SEC) enforcement actions.The Digital Trading Clarity Act of 2022, introduced by Sen. Hagerty, aims to provide regulatory clarity around two primary concerns plaguing
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While the bond issuance is deemed necessary, it has caused rating agency Fitch to revise its stand on Saudi Aramco from stable to negative.Saudi Arabian multinational petroleum and natural gas company Saudi Arabian Oil Co (TADAWUL: 2222) also known as Saudi Aramco is seeking out a multi-tranche bond deal as
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