usdt – Page 28 – Ƀitsell X

Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper

August 20, 2022

This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer’s reserves. The following day, Tether published its quarterly assurance opinion completed…
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Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value

August 15, 2022

2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was…
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USD Coin to Overtake Rival Stablecoin Tether in Coming Years – Survey

August 10, 2022

Circle-issued, the second most popular stablecoin, USD Coin (USDC), has the potential to overtake the most popular stablecoin, tether (USDT), in coming years, according to a survey of analysts. Most of the respondents claim that USDC will benefit from its better regulatory status, which could allow the token to exceed its main rival, per a survey…
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Tether also confirms its throwing weight behind the post-Merge Ethereum

August 10, 2022

”We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens,” Tether stated. Hot on the heels of an official announcement from USD Coin (USDC) issuer Circle Pay, stablecoin giant Tether has now also officially confirmed its support behind Ethereum’s upcoming Merge…
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OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M

August 9, 2022

On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code development, Github, erased some of the Tornado Cash commits and…
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Tether supply starts to increase after three-month decline

August 2, 2022

The Tether printers have been fired up again as the USDT circulating supply has started to tick up. The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering. The first mint in almost three months occurred…
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The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020

August 1, 2022

While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from January 2022 to today, euro stablecoin numbers dropped 14.17% during the…
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Survey That Asks if The Merge Could Cause an Ethereum Chain Split Sparks PoS Delay Discussions

July 31, 2022

While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more than 33% of the survey’s respondents think…
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Most Bitcoin Use Happens During European and US Business Hours

July 28, 2022

Most of the activity on the Bitcoin (BTC) network now happens during European and US business hours, with a notable drop in the share of activity happening during Asian hours, a new report from the crypto analytics firm Coin Metrics has found. Judging from the findings in the report, use of the Bitcoin network in…
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Ethereum Classic Climbs 124% in 2 Weeks, Hashrate Spikes, KRW Captures 20% of ETC’s Trade Volume

July 28, 2022

Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using the same proof-of-work (PoW)…
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