9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
The Guardian wrote that since the beginning of May, Tether Holdings Limited has purchased $10 billion worth of tokens from USDT holders. The publication states that users began to switch to fiat
Circle, the operator of the second largest stablecoin, USD Coin (USDC), has announced the status of its reserves. The company’s CEO, Jeremy Allaire, said the firm plans to release information on a
Vice President Candidate fed During hearings in the Senate, Michael Barr highlighted the importance of establishing a regulatory framework for stablecoins. If approved, it will focus on the tasks of banking regulation.
Tether CTO Paolo Ardoino compared the algorithmic stablecoin TerraUSD (UST) to a “card lock” that should crash at any moment. According to him, the product is simply “badly designed”. CTO @Tether_to, @paoloardoino
SPS should accelerate the development of digital asset regulation. Reuters writes that such a request was included in the communique of the meeting of finance ministers of the G7 (G7) countries. The
While the idea of creating an algorithmic stablecoin seems promising, the collapse of the Terra ecosystem has shaken confidence in the DeFi industry and the cryptocurrency market in general. This was announced
LKB & Partners, one of South Korea’s leading law firms, is preparing to file a lawsuit against Terraform Labs CEO Do Kwon. This was reported by local media citing a company statement.
Algorithmic stablecoins can only be successful in the long run if they are widely adopted in payment transactions. The Block writes that analysts at Goldman Sachs came to this conclusion. In their
Three members of Terraform Labs legal department resigned following the collapse of the algorithmic stablecoin TerraUSD (UST) and the LUNA token. The Block writes about this, citing a source. According to the
Yun Chang-hyun, spokesperson for the South Korean People’s Power Party, has called for parliamentary sessions on the recent collapse of the Terra ecosystem. This is reported by local media. According to him,
