Stablecoin


Markets

During Bitcoin's Latest Price Crash, 'Tether Premium' Shows Where Money Went

The stablecoin's price in dollars surged during the recent market correction to the highest since the "Black Thursday" sell-off in March 2020.

tether

Markets

Tether's Report Card Offers Less Detail Than Rivals'

Our columnist compares how the company behind the leading stablecoin (USDT) attests to its reserves and how its competitors do it.

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Markets

Tether on Tron Blockchain Hits $24B, Surpassing Ethereum Amid Explosive Stablecoin Demand

The amount of tether on the Tron blockchain has exceeded that on Ethereum.

Tron CEO Justin Sun

Markets

Bitfinex Says It Repaid Tether for $550M Loan at Center of NYAG Probe

Bitfinex says early Friday it repaid fully of the loan to Tether.

bitfinex, tether

Markets

Bullish Sign for Crypto? USDC and Dai Balances on Exchanges Hit Record Highs

Buying in these stablecoins may foretell where the crypto market is going.

Circle founder and CEO Jeremy Allaire

Markets

Kadena Onboards Celo’s Dollar Stablecoin, Plots January Launch for Decentralized Exchange

The hybrid blockchain maker said it is collaborating with fintech firm Celo to on-board its stablecoin, cUSD, to Kadena’s platform using a trustless bridge.

The Kadena team

Policy

Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC

The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.

China Flag

Markets

Fed Economists Call Fears of Original Libra Stablecoin ‘Overstated’

Economists at the Federal Reserve suggest Libra – in its original, basket-backed stablecoin form – might not have had as severe an impact on financial stability as policymakers suggested last year.

Rep. Brad Sherman (D-Calif.) created a "Zuck Buck" graphic to describe his view of Libra. (House Financial Services Committee)

Policy

Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries

The stablecoin would help facilitate trade among four Asian countries, which is key to economic recovery in the region after coronavirus, proponents said.

Chinese legislators heard a proposal for a pan-Asian digital currency Thursday during the Two Sessions, the largest political gathering of the year. (Credit: Shutterstock)