Stablecoin Issuer Tether's Reserves Partly Managed by Cantor Fitzgerald
Tether has been using Cantor Fitzgerald to manage more than half of the $67 billion in bonds, cash, and loans backing its stablecoin (USDT), reports the WSJ.
Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease of approximately 4.9% in the same time frame. From Jan. 6, 2023, to Feb. 10, approximately $2.196 billion worth of usd coin was redeemed over the past month.
MakerDAO Partners With Chainlink Automation for DAI Stablecoin
MakerDAO recently announced the successful integration of Chainlink Automation. As the creator of DAI, the protocol has onboarded Chainlink to its Keeper Network.
Aave Deploys Native Stablecoin GHO on Ethereum Testnet
Aave, one of crypto’s largest decentralized finance (DeFi) protocols, has deployed its native stablecoin GHO on Ethereum’s Goerli testnet, Aave Companies, one of the firms that develops the lending protocol, announced Thursday.
Stablecoin Issuer Paxos Is Being Investigated by New York Regulator
The New York Department of Financial Services (NYDFS) is investigating stablecoin issuer Paxos, CoinDesk has learned.
Coinbase CEO Says SEC Wants To Ban Retail Staking
Coinbase CEO Brian Armstrong said on Feb. 8 that his company has heard rumors that the United States’ main securities regulator intends to ban staking.
BIS Project 'Pyxtrial' Developing Tool to Monitor Stablecoin Reserves
The Bank for International Settlements (BIS) plans to sharpen its focus on stablecoins and Central Bank Digital Currencies (CBDCs) in 2023, with the goal of “improving payment systems” and “securing the financial sector,” according to its latest report.
Stablecoin Adoption Could Lead to DeFi Growth, Says Aave Founder
Stani Kulechov, the founder of the decentralized finance (DeFi) protocol Aave, highlighted several issues within the DeFi space at the StarkWare Sessions 2023, held at The Cameri Theatre in Tel Aviv, Israel.
A Group of Four Men Controlled 86% of Stablecoin Issuer Tether Holdings Limited As of 2018
According to the documents, Tether was built by the joint efforts of ex-plastic surgeon Giancarlo Devasini and former child actor and crypto entrepreneur Brock Pierce. In September 2014, Tether Holdings was incorporated in the British Virgin Islands.
Euro Stablecoin Launched in Finland, Claims to Be First Approved in the EU
Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.”
