Here’s what new Tether documents reveal about its reserves
Documents obtained by CoinDesk and Bloomberg shed additional light on Tether reserves, showing the issuers of its commercial paper.
Results for Crypto, Stablecoins
28 stories, newest first
80% of all BUSD ever created has been burned — how long can it last?
With BUSD's market cap at $4.5 billion, it looks to be just a matter of time before the former top-three stablecoin vanishes completely.
— Crypto, Justin Sun
Justin Sun’s stablecoins are struggling… again
Justin Sun-linked stablecoins, including TUSD, have been struggling amid rumors that Prime Trust had paused minting and redemptions.
Here’s what the biggest stablecoins spent on lobbying in the US
Tether, Circle, and Paxos have all hired firms to lobby on their behalf in Washington DC but Coinbase still spends millions more.
Another stablecoin bill dies unceremoniously at hearing
At a House hearing, a draft of a new stablecoin bill was discussed along with the appropriate regulatory framework for stablecoins.
Tether no longer has to submit attestations. Will anybody miss them?
Tether is no longer required to submit attestations but does this mean that all transparency around the leading stablecoin will be lost?
Coinbase pitches “inflation-proof” flatcoins against struggling USDC
Despite years of cheerleading for USDC alone, Coinbase wants to diversify into flatcoins and other stablecoins on its Ethereum Layer 2, Base.
Kraken founder promoted Custodia’s doomed bank and stablecoin
Kraken CEO Jesse Powell has supported shadowy stablecoin Tether since 2018. Curiously, he supported Custodia and its doomed projects, too.
What’s up with TrueUSD and the rest of TrustToken’s stablecoins?
The market cap of TrueUSD recently doubled to over $2 billion, but the stablecoin is still surrounded by opaque ownership and behavior.
— Crypto, Regulation
Vitalik dumps shitcoins before Fed confirms inflation not peaked
Fed chair Jerome Powell warned of more inflation pain but claimed that stablecoins will have a part to play in the financial system.