CryptoQuant’s Ki Young Ju Raises Concerns Over Ethena Labs’ BTC Move
TL;DR Ethena Labs’ Strategic Decision: Ethena Labs has decided to use Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe, to increase the product’s...
Tag : stablecoin
Tether Achieves ‘Gold Standard’ Security with SOC 2 Type 1 Audit Completion
TL;DR Tether’s Enhanced Security Measures: Tether, a leading cryptocurrency company, has completed a SOC 2 Type 1 audit, demonstrating that its IT systems meet high...
Cardano (ADA) Could Reach $5 in the Near Future
TL;DR Analyst Ben Armstrong suggests that ADA could reach $5 in an upcoming bullish trend, based on increasing public recognition. A key factor is the...
The U.S. Attorney’s Office in Massachusetts Pursues the ‘Pig Butchers’
TL;DR The U.S. Attorney’s Office in Massachusetts has initiated legal actions to recover cryptocurrencies linked to a fraud scheme called “pig butchering.” The aim is...
Tether Unveils Official Recovery Tool Amidst Market Cap Milestone
TL;DR Tether, the issuer of the world’s largest stablecoin USDT, has launched an official recovery tool to help users transfer their USDT holdings from unresponsive blockchains,...
Hoskinson Alerts on Control of Stablecoins by Industry ‘Vampires’
TL;DR Charles Hoskinson warns about the dominance of companies like Circle and Tether in the stablecoin market, controlling 70% of transaction volume. Hoskinson highlights concerns...
PayPal PYUSD Market Cap Surges 70% in One Month. Is It the Best Stablecoin Right Now?
In a month marked by notable changes in the cryptocurrency landscape, PayPal PYUSD stablecoin has seen an impressive 70% growth, raising its market capitalization to more...
Binance Stops AEUR Trading After Massive Price Fluctuation
Binance, one of the world’s largest cryptocurrency exchanges, has suspended trading of the AEUR stablecoin, which is pegged to the euro, after it experienced a...
Bitcoin’s First USD-Pegged Stablecoin
Bitcoin, the world’s largest and most popular cryptocurrency, is about to launch its first USD-pegged stablecoin, according to recent news. A stablecoin is a digital...
Tether (USDT)’s Market Dominance Goes Past 50% as BUSD Loses Ground
The stablecoin market has been subject to several shocks as the crackdown of the SEC against Paxos is gearing up. The current uncertain situation is...