The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto represents a small but growing part of Russia's $192 billion oil trade, with companies using BTC, ETH and USDT, the sources said.
The first committee approval of a stablecoin bill in this new congressional session now moves the so-called GENIUS Act toward the Senate floor.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ardoino spoke at the Cantor Fitzgerald Global Technology Conference on Wednesday as he continued his first trip to the United States.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Previously, only bitcoin (BTC), ethereum (ETH), XRP, stellar (XLM) and certain tokens used in the Bank of Thailand’s settlement system were approved.
Stablecoins have surged since the U.S. election amid economic shifts and U.S. Treasury strategy.
Sanctioned crypto exchange Garantex has halted operations following Tether’s decision to freeze $27 million worth of USDT on the platform. In a March 6 announcement on Telegram, the exchange confirmed a temporary suspension of crypto trading and withdrawals, citing Tether’s decision to freeze its funds. According to the firm: “Tether has entered the war against […]
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"Tether has entered the war against the Russian crypto market and blocked our wallets worth over 2.5 billion rubles," Garantex said.
A WSJ article delved into the contrasting styles between Tether's Giancarlo Devasini and Circle's Jeremey Allaire.
The move comes as the stablecoin market grows increasingly more competitive and the U.S. nears creating regulatory certainty around stablecoins.
Tether has reaffirmed its commitment to transparency by pledging to complete a “full audit” following the appointment of Simon McWilliams as its new Chief Financial Officer (CFO). In a statement released on March 3, the USDT stablecoin issuer described McWilliams as a seasoned finance executive with over two decades of experience guiding major investment firms […]
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The stablecoin giant is moving toward a comprehensive financial audit as it expands its global operations
Binance will delist trading pairs for nine stablecoins in the European Economic Area (EEA) by March 31, according to a March 3 statement. According to the exchange, this decision aligns with its efforts to comply with the European Union’s Markets in Crypto-Assets (MiCA) framework, which introduces stricter regulations for digital assets. Binance delists Tether and […]
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The stablecoin issuer said it is making a "firm commitment" to completing a full audit following the appointment.
The move, set to take effect on March 31, will impact nine stablecoins, including Tether (USDT), First Digital USD (FDUSD) and Dai (DAI).
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The CEOs comments come as top issuers of stablecoins Tether and Circle square off publicly.
The bosses of Circle and Tether both set out their views on U.S. regulation in what some in the crypto community call a "stablecoin war."
Tether CEO Paolo Ardoino has voiced concerns that the company’s rivals are leveraging legal and regulatory tactics to destabilize the stablecoin issuer. In a Feb. 25 post on X, Ardoino alleged that some stablecoin issuers in the US are using political lobbying and legislative efforts to target Tether’s operations. According to him: “While our competitors […]
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The prior rise in memecoin activity was driven by a pushback against the regulatory crackdown on utility token and NFT projects, they said.
Former Binance CEO Changpeng Zhao has unveiled his crypto investment portfolio including, BNB, BTC and stablecoins.
Bybit CEO Ben Zhou confirmed that the exchange restored Ethereum (ETH) reserves following the recent $1.4 billion security breach. In a Feb. 24 post on X, Zhou announced that Bybit will soon release an updated proof-of-reserves report demonstrating that it now holds client assets 1:1. He stated: “Bybit has already fully closed the ETH gap, […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
MANSA offers onchain liquidity services to to enhance cross-border payments for firms and plans to use the funding for global expansion.
Tether has introduced TradeFi, a new service designed to enhance global trade through innovative financing solutions. On Feb. 19, the company’s CEO, Paolo Ardoino, shared the announcement on X, emphasizing that TradeFi will address the financial needs of modern commerce. TradeFi expands Tether’s growing product portfolio, which already includes stablecoins, asset tokenization, and wallet development […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Bitcoin Layer 2 network's capacity currently stands at around $500 million after strong growth in 2024.
Tether is moving to expand its ownership in Adecoagro, a South American agribusiness and energy company. According to a Feb. 18 statement, the stablecoin issuer submitted a non-binding proposal on Feb. 14, offering to purchase the remaining common shares of the agribusiness at $12.41 per share. If approved, this acquisition would raise Tether’s stake from […]
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