— Gold, Stablecoins
Tether’s new asset currently backed by 0kg of gold
Tether has launched Alloy a new over-collateralized stablecoin tethered to the US dollar and backed by Tether Gold.
Results for Crypto, Stablecoins
99 stories, newest first
Justin Sun affiliated TrueUSD market cap collapses 50% in 7 days
This dramatic fall in the market cap of TrueUSD follows Binance's delisting of several TrueUSD pairs on March 15.
Ethena offers 27% on stablecoins but where is the yield coming from?
Newly-launched 'synthetic dollar' Ethena says it's banking on using CEX liquidity rather than the less popular decentralized exchanges.
TrueUSD changes accounting firms… and then de-pegs
TrueUSD has de-pegged across both centralized exchanges and DeFi after switching accounting firms for attestations.
US-based stablecoins suffered in 2023 as key players battle it out
At the end of 2023, algorithmic stablecoins are out, US-based stablecoins are shrinking, and international ones like Tether are exploding.
Tether rarely minded law enforcement, now it suddenly does
A few weeks after US Secret Service and FBI agents began surveilling USDT wallets, Tether announced “voluntary” sanctions compliance.
Nepal smugglers caught selling gold from China for $16M USDT
Nepalese smugglers reportedly moved 33kg of gold from China in flour sacks packed by children before selling it for $16 million USDT.
Tether froze $225M but $70M slipped the net
Tether has frozen approximately $225 million in USDT tied to 'pig-butchering' scams, days after millions were removed.
Tether sent $1B to UK firm owned by prominent Conservative donor
Through Britannia Financial, financier Julio Herrera Velutini has donated $625,000 to the Tories since Boris Johnson became prime minister.
Moody’s reports 600 stablecoin depegs in 2023
Moody’s research shows that the stablecoin industry is struggling almost as much as it did in 2022, with hundreds of depegs this year.