Tag: Stablecoin
Tether Plans to Double its Staff Next Year
Reading time: < 1 minuteTether is planning to double its workforce by mid-2025, with a specific focus on expanding its compliance team.
BIS and BoE: Stablecoin Balance Sheets Can Be Supervised
Reading time: < 1 minuteA report released on Wednesday by the Bank for International Settlements (BIS) and the Bank of England (BoE) has revealed that they have successfully developed a system to supervise asset-referenced stablecoins.
SEC to Drop its Investigation into Paxos
Reading time: < 1 minuteThe SEC has announced its decision to end its investigation into Paxos, the issuer of stablecoins, and will not pursue any enforcement action against them.
Circle Obtains Approval to Issue Stablecoins Under MiCA Regulation
Reading time: < 1 minuteCircle yesterday announced that it has officially registered as an electronic money institution (EMI) in France.
Kraken Says It Will Not Delist USDT in Europe
Reading time: < 1 minuteKraken has reassured its users that it will not delist the Tether stablecoin USDT in Europe and will continue to comply with all legal requirements.
Tether Teams Up with TON to Allow USDT-to-fiat Transactions
Reading time: < 1 minuteTransactions involving Tether’s USDT and Tether Gold (XAUt) on The Open Network (TON) are set to become more streamlined with the integration of the Oobit mobile payment app.
Stablecoin Supply At Highest Level in 2 Years
Reading time: < 1 minuteThe current total supply of USD-pegged stablecoins in the market indicates a return to its previous peak, driven by the increasing competition among new token issuances.
Tether Makes USDT Available on TON Network
Reading time: < 1 minuteTether CEO Paolo Ardoino has announced his company’s plans to utilize the Telegram Open Network (TON) for hosting their USDT stablecoins.
Circle Enables BlackRock’s Tokenized Fund Transfer to its Stablecoin
Reading time: < 1 minuteThe issuer of the stablecoin USDC, Circle, has recently enabled the transfer of BlackRock’s institutional digital liquidity fund, BUIDL, shares to its stablecoin.
Ripple Says It Will Launch its Own Stablecoin
Reading time: < 1 minuteRipple has revealed its plans to introduce its own stablecoin pegged to the US dollar by the end of 2024.
