Binance To Refund Users $1 Million In USDT Following CyberConnect Incident
Binance, one of the leading cryptocurrency exchanges, has recently decided to refund users $1 million USDT (Tether) following an incident related to the
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Ethereum holdings declined while Bitcoin and USDT steadied
In Binance’s 10th proof-of-Reserves (POR), Ethereum (ETH) holdings decreased, while Bitcoin (BTC) and Tether (USDT) remained stable or slightly increased. Binance published its 10th POR amid liquidity concerns, offering the public a look into the state of customer assets and holdings. The disclosure reveals mixed trends: Bitcoin and Tether deposits have
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Stablecoins Like USDT, USDC Provide an Escape From High-Inflation Currencies: Brevan Howard Digital
“In 2022, stablecoins settled over $11t on-chain, dwarfing the volumes processed by Paypal ($1.4t), almost surpassing the payment volume of Visa ($11.6t), and reaching 14% of the volume settled by ACH, and over 1% the volume settled by Fedwire,” the authors wrote. Source
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USDT has been depegging throughout August
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kaiko, a crypto analytics platform, claims that the largest stablecoin by market cap, USDT, has been depegging in August. A stablecoin depegs when it trades below the fiat currency or asset it’s meant to mirror. USDT has
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Tether maintains $3.3B in liquidity cushion: USDT transparency report
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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Hong Kong’s scholar backs HKD stablecoin to take on USD and USDT
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Vice President of the Hong Kong University of Science and Technology is once more supporting the idea of introducing a stablecoin tied to the Hong Kong Dollar (HKD) to challenge the status of USDT, a
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Coinbase to delists USDT, DAI, and RAI for Canadians
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Aug. 17, Coinbase, a crypto exchange, will discontinue the trading of USDT, DAI, and RAI stablecoins for its Canadian users from September 2023. This is days after launching operations in the country. Accompanying this announcement, Coinbase
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Crypto Exchange Coinbase (COIN) Will Suspend Trading with Tether’s USDT, MakerDAO’s DAI and RAI Stablecoins in Canada
“We regularly monitor the assets on our exchange to ensure they meet our listing standards,” the note sent to users reads. “Based on our most recent reviews, Coinbase will suspend trading in Canada for RAI Reflex Index (RAI), Dai (DAI) and Tether (USDT) on Aug. 31 around 12 pm ET.” Original
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Tether discontinues USDT support on Bitcoin, Kusama, and Bitcoin Cash
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether has announced modifications to its USDT issuance strategy, discontinuing support on the Bitcoin, Kusama, and Bitcoin Cash while indicating potential future collaborations. Tether, the issuer of the stablecoin USDT, has announced significant changes to its support
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Coinbase to suspend USDT trading for Canadian users
Cryptocurrency exchange Coinbase will suspend trading of Tether (USDT), DAI, and RAI stablecoins for Canadian users beginning August 31.In an August 17 email notice to users, Coinbase said that "we regularly monitor the assets on our exchange to ensure they meet our listing standards," and based on its review, trading
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