Tether USDT under scrutiny, but surplus shows no immediate risks
Arthur Hayes warns of potential risks for Tether, but data show record surpluses and solid reserves according to CoinShares.
Stablecoins
Stablecoins are a category of cryptocurrency designed to maintain a stable value against a reference asset, such as a fiat currency (e.g. the US dollar) or a commodity (such as gold).
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China, Dollar Escape: Crypto Investors Abandon USDT for Real Assets
The strengthening yuan is eroding the value of the USDT in China, while regulatory tightening turns stablecoins into risky assets.
Stablecoin under siege: Israel and China's push for digital sovereignty
Israel accelerates on the digital shekel while China expands the digital yuan, putting pressure on the dominance of dollar-linked stablecoins.
S&P downgrades Tether: risk for USDT and Juventus
S&P downgraded Tether to the lowest risk level, raising doubts about USDT's stability and the impact on Juventus' shareholder base.
S&P downgrades Tether: USDT warning in China
S&P's downgrade of USDT shakes the Chinese market: fears, doubts about transparency and tensions in the crypto world rise.
Ex-CFO sentenced after $35m crypto bet evaporates with Terra's collapse
Former CFO Nevin Shetty was convicted of fraud after surreptitiously transferring $35 million of the company's money to his DeFi platform, losing almost all of it in Terra's collapse in 2022. Here is how the scheme happened and what happens now.
From Stablecoin to Sovereign Wealth Fund: Tether's Gold Turn Abandoning the Dollar
Tether moves like a sovereign wealth fund: it hires traders from HSBC and accumulates billions in physical gold. The strategy, which mirrors the behaviour of central banks, marks a break from dependence on the US dollar.
Outlook on XRP Price as Ripple launches RLUSD pilot project with Mastercard and Gemini
XRP remained around $2.32 while Ripple announced a partnership with Mastercard, WebBank and Gemini to launch an XRP Ledger-based RLUSD stablecoin payment system for credit cards.
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