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Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to the country’s dollar which could challenge the dominance of Tether (USDT) and USD Coin (USDC).According to an English translation of a July 3 report provided by Chinese crypto reporter Colin
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether has signed a memorandum of understanding (MOU) with the government of Georgia to foster crypto, web3, and peer-to-peer (P2P) technology development in the country. The stablecoin issuer will also work with local startups to develop
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Stablecoin issuer Tether has signed a memorandum of understanding (MoU) with the government of Georgia to develop Bitcoin and peer-to-peer focused infrastructure in the country. The Strategic collaboration between the stablecoin issuer and the Georgian government will focus on building key infrastructure for a thriving startup ecosystem in Georgia. The collaborative
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TUSD trades at a discount versus Tether as former FTX provider Armanino's rebranded outlet The Network Firm's association with TrueUSD raises alarm bells on Crypto Twitter. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether.to, the company in charge of USDT, the world’s largest stablecoin, has signaled plans to roll out the token on the Kava blockchain. The launch is expected to offer users lightning-fast and more cost-efficient USDT transfers. USDT
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Whether the Tether stablecoin (USDT) has been fully backed with reserves has been a question for years. In 2019, skeptics were vindicated after the New York Attorney General’s office announced there was a roughly $850 million hole caused by Tether loaning funds from its reserve to Bitfinex, its sister company.
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“The easiest way to short tether is to do it on-chain – borrow tether, then sell it,” says Austin Campbell, a stablecoin veteran and founder of Zero Knowledge Consulting. “[Borrow it on decentralized lending protocols] Compound, Aave, whatever, then buy another stablecoin if you don’t want price pressure.” Source
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Kava layer one blockchain joins other chains – like Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron – that support USDT. The leading United States dollar-pegged stablecoin, Tether (USDT) has found a new channel to mainstream adoption through the Kava network, a layer one (L1) blockchain that was designed with
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On June 20, Tether Operations Limited, the firm behind United States dollar stablecoin Tether (USDT), along with cryptocurrency exchange Bitfinex announced the allocation of a 100,000 USDT grant to support open-source privacy operating system Qubes OS. Paolo Ardoino, chief technology officer of Tether and Bitfinex, commented: “We recognize the paramount importance of
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Tether, the company behind market-leading stablecoin Tether (USDT), has addressed concerns regarding its operational decisions.According to documents released by the New York Attorney General (NYAG), Tether reportedly deactivated approximately 29 accounts belonging to prominent cryptocurrency players in 2021. It appears that most individuals on the list had their accounts terminated
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