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Research analysts at Deutsche Bank recently raised a red flag on the stablecoin market stating that most of the pegged currencies are likely to doom moving ahead. After studying nearly 334 currency pegs, Deutsche Bank found that only 14% of them have survived so far.
William Quigley, the co-founder of stablecoin giant Tether and decentralized exchange WAX, believes that the tokenization of fiat currencies is a groundbreaking innovation.
Slow Mist founder exposes TON phishing messages, which users tricked into believing they receive cheap USDT via TON message comments.
Deutsche Bank analysts warn of stablecoin risks, citing Tether's lack of transparency. The post Tether refutes Deutsche Bank research revealing stablecoin solvency risks appeared first on Crypto Briefing.
Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether's dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions from the market.
Analysts at Deutsche Bank also argued Tether's solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank's own history with fines.
Stablecoins like Tether do not offer interest yields right now, but with tokenized fiat, that could be possible one day, co-founder William Quigley said.
While much of the crypto world crashed and burned during the recent market downturn, reeling from the collapse of FTX and other giants, Tether has thrived.
The issuer of the largest stablecoin has invested an undisclosed amount of money.
Tether, the leading stable coin issuer, has entered the realm of Bitcoin mining through a partnership with Swan's Managed Bitcoin Mining service. This collaboration comes at a crucial juncture for the cryptocurrency industry, as Bitcoin miner revenue experiences a notable decline, prompting stakeholders to explore alternative avenues for growth and sustainability.
In a post on X, one analyst now claims traditional fiat-backed stablecoins like USDT and USDC should prepare for a “major” attack due to the increasing popularity of Ethena's USDe. The warning follows Ethena and USDe's integration with Bybit, a crypto exchange allowing perpetual trading.
Tether has announced its expansion into Eastern Europe and will invest in a Georgian payment service.
Tether is increasing its investment in Georgia-based crypto payment provider, CityPay.io, to boost cryptocurrency adoption in Eastern Europe.
The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish.
Tether Operations Limited has invested in CityPay.io, a payment processing company in Georgia, to accelerate cryptocurrency adoption and introduce advanced technologies. The strategic partnership aims to provide seamless payment experiences for customers and businesses, with a projected user base of 400,000.
USDT issuer Tether has announced plans to extend its presence across Eastern Europe. The crypto firm intends to achieve this feat with an additional investment in the payment processing platform CitiPay.io.
The new investment aims to strengthen CityPay.io's expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.
Tether boosts CityPay.io to expand payment solutions across Eastern Europe, targeting emerging markets and crypto payment technologies. The post Tether expands Eastern European operations with CityPay.io investment appeared first on Crypto Briefing.
Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan's Managed Bitcoin Mining service. According to the press statement, the firm has dedicated an undisclosed amount of substantial capital to establish its Bitcoin mining operations through Swan.
A member of the family famous for luxury goods has been indicted.
Prosecutors are charging three Colombian nationals and a purported direct descendant of the Cartier watch and jewelry-making family for allegedly laundering hundreds of millions of dollars. According to the indictment unsealed by the U.S.
Last week, cryptos to watch got their first real scare of the year.
Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using USDT. Cartier and five Colombian individuals allegedly conspired to directly launder $14.
Despite a significant amount of monthly transactions, less than 10% are made online or in the real world to pay for purchases.
