Tether significantly increased exposure to treasury bills as of June, per reserves report
Stablecoin issuer Tether has published a new transparency report detailing its reserves as of June 30.
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stablecoins
Federal Reserve governor says private stablecoins are likely better than CBDCs
A leader at the Federal Reserve is the latest to suggest that private stablecoins could do what a digital dollar is supposed to do, but better.
a16z backs $20 million round for Valora, a digital wallet built on Celo
a16z backs $20 million round for Valora, a digital wallet built on Celo
Solana-based stablecoin exchange Saber raises $7.7 million from Chamath Palihapitiya's Social Capital and others
Solana-based stablecoin exchange Saber has raised $7.7 million from Chamath Palihapitiya's Social Capital, Jump Capital, and others.
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Paxos takes aim at Circle and Tether, says 96% of its stablecoin reserves are cash or cash equivalents
In a July 21 blog post, Paxos announced that its duo of stablecoins, Paxos Standard and Binance USD, are backed by 96% cash or cash equivalents.
Circle reveals majority of USDC reserves are in cash and cash equivalents
Circle revealed on Tuesday that the majority of the stablecoin USDC's reserves are held in cash or cash equivalents.
Yellen pushes US regulators to 'act quickly' on stablecoins during working group meeting
The heavy hitters of U.S. federal financial regulation met today to hash out stablecoins.
Confirmed: Stablecoin firm Circle to go public via SPAC merger
Circle, the crypto firm that operates leading stablecoin USD Coin (USDC), has agreed to go public through a merger with a SPAC.
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Visa makes five strategic crypto hires and placements
Payments giant Visa has bulked out its crypto team, hiring new talent and bringing in staff from the rest of the organization.
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Tether's supply hasn't grown since the start of June. Here's why
The supply of the stablecoin Tether (USDT) has been flat since the beginning of this month, according to The Block's Data Dashboard.
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Circle partners with maps platform Maps.me to enable in-app USDC transactions
The new partnership will allow users to make instant international payments and in-app transactions using a linked credit or debit card.
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Coinbase shakes up stablecoin offering to entice large FX traders
Coinbase is looking to draw in big traders in the foreign exchange world through an expansion of its stablecoin services.
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Bank of England continues to 'tread carefully' with latest digital money treatise
Experts say the United Kingdom’s central bank is proceeding with caution as it continues to explore the potential ramifications of new forms of digital currency.
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DeFi Alliance backs Mercurial Finance, its first Solana project
Accelerator DeFi Alliance, which has notable mentors including Coinbase, has backed the first Solana-based project — Mercurial Finance.
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Gemini adds GUSD to its Earn product, offering 7.4% interest on the stablecoin
Crypto exchange Gemini has added GUSD stablecoin to its interest-earning product called Earn, offering 7.4% APY.
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Total stablecoin supply crosses the $100 billion mark
The total supply of dollar-pegged stablecoins has surged past the $100 billion mark, according to The Block's Data Dashboard.
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Brainard says US role in CBDC development is 'vital' as the Fed widens its R&D efforts
Federal Reserve Governor Lael Brainard spoke on the importance of the US having a seat at the table when it comes to cross-border standards on CBDCs.
How crypto fits into Brazil’s vision for the future of banking
Brazil is Latin America's fintech hub, thanks in part to policies aimed at increasing access to financial services. Where does crypto fit in?
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Tether is launching on the Avalanche blockchain
Stablecoin issuer Tether is set to launch its USDT token on Avalanche, making it the ninth blockchain network it operates on.
Bank of England deputy governor says a CBDC is 'probable' if public money is to survive
Sir Jon Cunliffe, deputy governor of the Bank of England for stability, has said that it “looks probable” that the United Kingdom’s central bank will end up issuing a digital currency if public money is to survive the onslaught of private alternatives.
