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Stablecoins
Tether Starts Printing Again After 2-Month Pause
The issuer of the world's largest stablecoin has minted 2.3 billion new USDT tokens since the start of August.
Circle: USDC to Be Backed 100% by Cash, US Treasurys by September
By September, Circle announced its stablecoin USDC would be 100% backed by cash and short-term U.S. government Treasurys. This following the USDC developer revealing in July only 61% of tokens were backed by cash and money-market funds, amid plans to go public via a SPAC deal that would value the firm at $4.5 billion.
Why Bitcoin Topped $50K for First Time in 3 Months
Bitcoin is again trading above the $50,000 price tag, hitting the key psychological mark for the first time in over three months. Rachel Lin, CEO of DeFi derivatives platform SynFutures, discusses the potential factors driving the surge. Plus, her take on institutional demand for stablecoins and insights into the Asian crypto markets.
Mastercard Partners With Paxos to Simplify Payments Card Offerings for Cryptocurrency Firms
Mastercard’s Raj Dhamodharan and Paxos’ Walter Hessert discuss their partnership enabling more banks and crypto companies to offer card programs, helping crypto holders spend their digital assets anywhere Mastercard is accepted.
USDC to Be Backed 100% by Cash, US Treasurys
The USDC developer revealed last month that only 61% of tokens were backed by "cash and cash equivalents."
Coinbase Says USDC Reserves to Be Held in Cash, Short-Term Treasurys From September
President and COO Emilie Choi in a Twitter post on Monday clarified earlier language on the crypto exchange's website.
Messari CEO Ryan Selkis on Bitcoin, Stablecoins and Crypto Regulation
Bitcoin is down about 1.3% over the past 24 hours. The next support is seen at the $42,000 breakout level, which could stabilize the pullback. Messari Founder and CEO Ryan Selkis discusses his positive analysis and outlook for bitcoin, explaining why he’s a “perma-bull.”
Crypto Made the Agenda at Last Month's Fed Meeting
This appears to be the first time the topic has come up in the seminal monthly FOMC meeting.
Facebook: Novi Digital Wallet Is ‘Ready to Come to Market’
Most states in the U.S. have approved the product.
