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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.

Circle wants its USDC payments network to be the Ripple killer

Crypto exchanges report around $55M in RLUSD volume over the last 24 hours — 99.4% less than Circle’s $9.8B for its much larger USDC.

Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.

While the affected transactions come from distinct addresses, their transaction histories suggest they are from the same individual.

Coinbase has pulled out of Turkey’s crypto market and requested to be liquidated in order to “remain adaptive to regulatory landscapes.”