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American blockchain payments firm Ripple Labs Inc. has announced its plans to launch a stablecoin asset that will rival current dominant alternatives in the market. Ripple Labs Stablecoin and Push for Transparency As the firm noted, its stablecoin will change the game as it concerns transparency concerning its reserves.
Ripple expects the stablecoin market to surpass $2 trillion by 2028 and aims to compete with Circle's USDC and Tether USDT.
Blockchain firm Ripple said it's launching a U.S. dollar stablecoin, marking an entry into the $150 billion stablecoin market.
Seeking to capture some of the growing stablecoin market, Ripple is launching a competitor to Tether and Circle's stablecoins.
The token will be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents." according to the company.
Paolo Ardoino and Giancarlo Devasini stand out in the new Forbes ranking.
In the ever-evolving landscape of digital assets, one name has been quietly making waves: Tether. The company, renowned for its stablecoin USDT, has recently bolstered its Bitcoin holdings, positioning itself as a major player in the cryptocurrency market.
Binance, the world's largest cryptocurrency exchange, has expanded access to its Portfolio Margin previously reserved for VIP users and now available to non-VIP traders with a minimum balance of 100,000 USDT in their cross margin and futures wallets, according to the information shared with Finbold on April 3.
The cumulative supply of Tether, USD Coin, and Dai has risen to 141.42 billion dollars.
In a crypto.news exclusive, Merkle Science Policy Director Natalia Latka discusses how the MiCA regulation will impact USDT and other stablecoins in the EU.
Whales might be waiting for the market to correct significantly to fill up their coffers.
FixedFloat, the fully automatic crypto exchange, has reportedly been a victim of yet another security breach. The hacker managed to take almost $2.8 million worth of crypto from the Ethereum chain hot wallet, with the platform's access control issues to be blamed.
Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit's completion demonstrates the robust information technology control measures it has in place, ensuring the safety of its systems.
Conducted by the American Institute of Certified Public Accountants (AICPA), the SOC 2 examination represents a rigorous evaluation of an organization's controls related to security, availability, processing integrity, confidentiality, and privacy. Tether's completion of the Type 1 audit signifies a pivotal step towards achieving the pinnacle of security compliance.
Leading stablecoin issuer Tether, the company behind the world's largest stablecoin USDT, has quietly added around 8,888.888 BTC to its stash for a total of around $618 million, bringing the company's total Bitcoin holdings to around 75,354 BTC.
Where will cryptos head as the blockchain ecosystem steadily approaches milestone events such as the halving? Naturally, advocates of decentralized digital assets believe that the
Tether, the company behind the stablecoin Tether (USDT), made a significant purchase on March 31, acquiring 8,888 Bitcoin (BTC) valued at $618 million.
Tether said this donation further underscores the company's support for the FOSS movement.
Tether recently announced a $100,000 grant to the BTCPay Server Foundation, solidifying its support of the free and open-source software movement.
Tether has blocked $280,000 USDT from seven wallets linked to the FixedFloat hack.
In a remarkable gust of developments, Tether, the entity behind the US dollar-pegged cryptocurrency USDT, recently revealed a statement claiming that it has awarded a staggering $100,000 grant to BTC Pay Server Foundation, the entity behind the world's most renowned open-source payment processor software accepting Bitcoin & USDT payments (on Liquid). This move echoed a
Tether, one of the premier stable coin providers, has made waves with a substantial acquisition of Bitcoin. This strategic maneuver not only showcases Tether's commitment to diversification but also underscores the evolving landscape of digital assets.
On-chain data shows that the world's largest stablecoin issuer, Tether, recently added more Bitcoin to its holdings. The magnitude of the purchase has caused the crypto community to speculate on why Bitcoin's price has dipped instead when such a development is usually bullish for the crypto token.
Tether's Bitcoin Acquisition:Tether's recent purchase of 8,889 BTC has propelled its total Bitcoin holdings to over 75,000 BTC, valued at more than $5.3 billion. This substantial increase in Bitcoin reserves marks a strategic maneuver by Tether to strengthen its position in the cryptocurrency market.
