Tether’s USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino
Ardoino says there’s more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.
Stablecoins
Ethena Announces UStb Stablecoin Backed by Blackrock’s BUIDL
Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.
TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing
TrustToken and TrueCoin – now rebranded and under the umbrella of Archbock Inc. – settled accusations that they knowingly misrepresented the backing of the TrueUSD {{TUSD}} stablecoin and offered securities tied to it without properly registering, the U.S. Securities and Exchange Commission said in a Tuesday statement.
Stablecoins Are Becoming Systemically Important, Bernstein Says
Stablecoin supply is back to all-time highs with $170 billion in circulation, the report said.
Tether-Issued Stablecoin USDT’s Market Share Grows to 75% as Market Cap Tops $118B
The largest stablecoin’s market cap has almost doubled, while key rivals declined and new entrants have yet to challenge its position.
U.S. Consumers Say Crypto Is Here to Stay, Stablecoins Maybe Not: Deutsche Bank
Sentiment is somewhat bearish about the near-term outlook for bitcoin, the bank’s consumer survey showed.
SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins
The U.S. Securities and Exchange Commission (SEC) may have thrown a spanner in the wheels of the confirmation of the FTX bankruptcy plan, according to a court filing Friday.
Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report
Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit.
MakerDAO Is Now ‘Sky’ as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token
The driving motivation behind the changes was “how to scale DeFi to gigantic size” and grow a decentralized stablecoin, Rune Christensen said in an interview with CoinDesk.
Stablecoin Issuing System M^0 Employs Fireblocks for Crypto Custody
M^0 allows stablecoin issuers to incentivize distributors, liquidity providers and so on by programmatically sharing yield among an ecosystem of users.