Tag Archives: USDT

To uphold the token’s value, stablecoin issuers often reserve cash or liquid assets. Amid rising interest rates, DWS is poised to manage the reserves for the new stablecoin. Deutsche Bank’s DWS Group, along with Dutch market maker Flow Traders Ltd. and crypto fund manager Galaxy Digital Holdings Ltd, is set to establish a new entity named AllUnity. The primary objective of AllUnity is also to issue a euro-denominated stablecoin, aiming to foster wider acceptance of tokenized assets in...

S&P Global Ratings senior analyst Lapo Guadagnuolo believes that the growth of stablecoins does not mean that they are immune to risk factors. The S&P Global Ratings introduced a stability assessment for stablecoins on Tuesday. According to S&P Global, the idea is to determine how truly “stable” the coins are in maintaining their pegs to whatever fiat they are tied to. In total, the producer of the S&P 500 assessed eight stablecoins. They include Dai (DAI), Gemini (GUSD),...

By securing outside funding support through the pioneering Volcano Bonds, El Salvador can continue progressing with Bitcoin integration across governmental services and society. El Salvador has successfully overcome a significant regulatory hurdle as it pursues the introduction of Bitcoin-backed sovereign debt instruments, referred to as “volcano bonds”. The nation’s Digital Assets Commission has provided the necessary approvals for the bonds to proceed, marking a significant milestone in...

Was ist Bitrefill? Bitrefill ist eine Plattform, die Produkte und Services zur einfacheren Nutzung von Kryptowährungen anbietet. Dieser Service umfasst eine Palette verschiedener Prepaid-Geschenkkarten und Handyaufladungen. Weitere Informationen zu Bitrefill finden Sie auf der offiziellen Website. Bitrefill ist ein innovatives Unternehmen, das eine Brücke zwischen Kryptowährungen und alltäglichen Einkäufen schlägt. Es ermöglicht Kunden, Gutscheine...

The Polygon community is looking forward to several community updates announced for this year, beginning with the Connect event in India. Polygon cofounder Sandeep Nailwal has shared a few updates the Polygon community should expect as the year comes to an end. In a post on X (formerly Twitter), Nailwal promised the community “exciting days ahead”. Polygon fam, as we approach the year end, some exciting days ahead for us. Save the dates. 7/12/23 : At Polygon Connect, We bring in an...

Alongside the traditional trading competition, Binance futures participants can engage in a Copy Trading Competition and a Trading Bots Competition. On Monday, September 27, Binance Futures, the leading crypto derivatives exchange globally, has unveiled the highly anticipated Binance Futures Grand Trading Tournament. Boasting the largest prize pool in the tournament’s history, participants have the chance to compete for up to $2 million in USDT. In an exciting development, this edition of...

Polygon will help Lugano achieve its goals by providing rails to facilitate some of the transactions. Lugano, one of the most popular tourist destinations in Switzerland, has embraced the Polygon network, a Layer 2 scaling solution built on the Ethereum ecosystem to accelerate its crypto evolution. In an announcement on November 22, Polygon said the crypto-friendly Swiss city has upgraded its payment platform MyLugano by integrating its Proof-of-Stake (PoS) network to make payments more...

Besides freezing assets, Tether follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. Tether, the USDT issuer, has announced the freezing of 225 million in USDT tokens. Globally, USDT has a market cap of $87.7 billion. It also offers dollar exposure to individuals who cannot access the dollar in their own market.  According to Tether, it traced the frozen funds to an international human trafficking ring in Southeast Asia. This move followed a collaboration...

The creator of the second largest stablecoin USDC with a market cap of about $24.7 billion announced that it will support only business institutional accounts. In a strategic move to review its relations with customers, Circle, a leading and regulated stablecoin issuer, informed its individual account holders that they will not be serviced by the end of this month. Circle wrote an email to its individual customers informing them to redeem their coins before November 30, as only...

The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns. Government agencies in multiple countries are collaborating on asset tokenization tests with real-world assets. In a Monday announcement from the Monetary Authority of Singapore (MAS), regulators in Japan, Switzerland, Singapore, and the UK are all working on tokenization pilots in foreign exchange, fixed income, and asset management products. The...