Bitcoin24h $64,984.52-1.16%

Ethereum24h $1,884.88-2.24%

BNB24h $567.05-0.45%

XRP24h $1.11-2.63%

Solana24h $75.49-2.88%

TRON24h $0.3314+1.15%

Hyperliquid24h $58.36-1.40%

Dogecoin24h $0.0698-3.60%

UNUS SED LEO24h $9.60-1.31%

Zcash24h $501.43-2.68%

Circle vs. Tether: What’s in the reserves?

Circle and Tether, the two largest stablecoins, have adopted different tactics when it comes to the management of their reserves.

USD1 is a top stablecoin with no attestation and no transparency

Donald Trump-endorsed USD1 stablecoin has grown to over $2 billion in market capitalization but provides no transparency.

Bank of America is happy to pay lobbyists to convince the US government to pass laws and rules favoring bank-operated stablecoins.

Ripple is selling over a billion dollars worth of cash, equity, and XRP tokens to fund an acquisition that it hopes will boost RLUSD volumes.

First Digital Trust has defended its firm after Justin Sun claimed it had misappropriated the vast majority of TrueUSD reserves.