Cryptos gain alongside stocks.
USDP's updated smart contract will go live on Aug. 31.
Bitcoin slipped below $50K and will likely consolidate this week, analysts say.
The USDC developer revealed last month that only 61% of tokens were backed by "cash and cash equivalents."
President and COO Emilie Choi in a Twitter post on Monday clarified earlier language on the crypto exchange's website.
This appears to be the first time the topic has come up in the seminal monthly FOMC meeting.
Novi’s David Marcus said Facebook deserves “a fair shot” at payments.
Stablecoins have been improving their reporting on reserves, but transparency makes an already difficult business model more complicated to execute, says our columnist.
As information disclosed by issuers varies, it's not easy for investors to make apple-to-apple comparisons.
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.
Ether is up 3% over the past 24 hours.
Kitco Gold will be backed by physical gold stored in vaults and track the real-time market value of the yellow metal.
Bitcoin is declining as regulatory concerns rise; ether is holding support.
Since the end of May, tether's growth has gone completely flat.
Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.