Stablecoin

After BUSD Was Suspended, The Stablecoin Landscape Is Changing More Interesting

Key Points: BUSD, the third largest stablecoin, which holds a lot of market share, has been dealt a heavy blow…

2 years ago

Paxos Burns Over $700 Million BUSD After 27 Hours Amid Legal Pressure

Key Points: Stablecoin issuer Paxos has burned more than $700 million in BUSD tokens since Monday. Paxos announced that it…

2 years ago

Competitor Circle Reported Paxos – BUSD Mistakes To New York Authorities

Key Points: Circle is said to have reported the mistakes of rival Paxos to New York authorities. The NYDFS February…

2 years ago

Stablecoins Seem To Be Under Threat After Regulators Focus On Paxos

Key Points: According to Aaron Kaplan, co-CEO of Prometheum Inc, stablecoins pose a systemic risk to the financial system if…

2 years ago

Tether Has Over 50% Of The Stablecoin Market, The Highest In 14 Months

Key Points: Tether (USDT) is once again consolidating as crypto's preferred pegged asset, with its stablecoin market share approaching 50%.…

2 years ago

PayPal Suspends Its Upcoming Launch Of Stablecoin Amid Paxos Investigation

Key Points: Bloomberg claimed that PayPal had halted work on its stablecoin due to increased regulatory scrutiny. The news came…

2 years ago

JPMorgan Prefers Deposit Tokens To Stablecoins For Commercial Bank Blockchains

Key Points: JPMorgan Chase and consultants Oliver Wyman examined the use of blockchain technology in commercial banking. This contrasts with…

2 years ago

Kraken Paid $30 Million Fine To SEC. The Storm Of Cryptocurrency Surveillance Is Landing?

Recently, the U.S. government has been taking active actions against crypto regulation, and the community is discussing it. Is the…

2 years ago

Cantor Fitzgerald Supposedly Oversees $39 Billion Of Tether’s Reserves

Key Points: Stablecoin issuer Tether (USDT) uses Cantor Fitzgerald to oversee its $39 billion bond portfolio. Due to its role…

2 years ago

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