Tether Reveals More Details About Its Reserves

Roughly 93% of Tether's commercial paper and certificates of deposit holdings was rated A-2 and above, while 1.5% was rated below A-3.

Markets  ·  9 August 2021

Huobi-Branded HUSD Reveals Breakdown of Reserves: All Held in Cash

Though USDT and USDC still captured the largest market share, smaller stablecoins are trying to prove that they are backed by safer assets.

Markets  ·  5 August 2021

USDT Usage on Ethereum Shifts Away From Asia Daytime Hours

The changing trading patterns in USDT might be the result of China's recent crackdown on cryptocurrency mining and trading.

Markets  ·  3 August 2021

Tether’s Collapse Would Be Chaotic, Not Cataclysmic

Possible criminal charges against Tether executives will put even more pressure on a product that the market is already cooling on.

Opinion  ·  26 July 2021

USDT Maintains Dollar Peg as Traders Shrug Off DOJ Tether Probe Report

Unlike past scares, Monday’s report of a Department of Justice investigation hasn’t shaken traders’ faith in the stablecoin.

Markets  ·  26 July 2021

Market Wrap: Bitcoin Climbs as Elon Musk Tames Shorts

Bitcoin and other cryptos rallied as Musk boosted bullish sentiment during The B Word conference.

Markets  ·  21 July 2021

Paxos Reveals Assets Backing Stablecoins PAX, BUSD

Paxos's reserves consisted of only cash and U.S. Treasury bills.

Business  ·  21 July 2021

Tether Hasn’t Printed New USDT in Weeks: 3 Possible Explanations

Here are three reasons why the stablecoin's tremendous growth has screeched to a halt.

Markets  ·  16 July 2021

What Investors Need to Know About Circle’s Listing

Ahead of the crypto firm's public market debut via SPAC, here are the key considerations for potential investors, according to our columnist.

Opinion  ·  9 July 2021

Growth in Euro Stablecoins Spurs Dreams of Digital Forex Market

But challenges remain on financing and regulations.

Business  ·  9 July 2021

USDC Assets to Be Disclosed in SEC Filings, Circle CEO Says

“Our intention is to include greater reserves transparency” as the stablecoin operator goes public via a SPAC deal, Jeremy Allaire told CoinDesk TV Friday.

News  ·  9 July 2021

Market Wrap: Bitcoin Sells Off as Regulatory Concerns Resurface

“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.

Markets  ·  8 July 2021

Circle CEO Says USDC to Take High Road, But It’s a Long Road

Jeremy Allaire made the promise at a time when investors have been demanding more transparency around USDC.

Markets  ·  8 July 2021

USDC on Tron Blockchain Surpasses $100M 2 Days After Public Unveiling

The growth could be the result of traders looking for faster and cheaper transactions compared with Ethereum.

Business  ·  2 July 2021

Market Wrap: Bitcoin Under Pressure Despite Improving Sentiment

Bitcoin sentiment is improving despite profit taking into July.

Markets  ·  1 July 2021