Tether, the stablecoin issuer, has taken frozen $2.5 million worth of USDT. This move comes in response to a likely exploit of the cross-chain router protocol known as Multichain. Multichain's…
A new policy proposal suggests that the Hong Kong government should introduce its own stablecoin, HKDG, backed by its substantial foreign exchange reserves. The proposal, co-authored by prominent figures including…
Tether, the leading stablecoin issuer, has expanded its multi-chain presence by launching its USDT stablecoin on Kava, a Layer 1 blockchain built on the Cosmos network. This move aims to…
Tether, the leading stablecoin issuer, has released a comprehensive response addressing recent media reports regarding its previous holdings of Chinese securities. In an official statement, the company vehemently denied any…
In an unexpected turn of events, Tether's leading stablecoin, USDT, experienced a slight de-pegging from its usual 1:1 ratio with the US dollar on the Curve decentralized exchange. This unprecedented…
Tether (USDT), the popular stablecoin issuer, has reached a new milestone by surpassing its previous record and reaching an all-time high market cap of over $83.2 billion. Paolo Ardoino, Tether's…
JPMorgan has emphasized the crucial role of stablecoins in the recovery of the cryptocurrency market. The report suggests that until the contraction of the stablecoin universe comes to a halt,…
In a highly anticipated hearing on stablecoins, the House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion engaged in a spirited debate over the appropriate level…
In a series of tweets, John Reed Stark, a former U.S. Securities and Exchange Commission (SEC) lawyer, has made serious allegations against the popular cryptocurrency Tether, suggesting it is involved…
Republican lawmakers are pushing for a new bill to strip the Securities and Exchange Commission (SEC) of its regulatory power over payment stablecoins. The move comes amid growing frustration over…