Bitfinex Seeks to Attract Institutional Investors With Off-Exchange Settlement
The integration will let investors make deposits and withdrawals more quickly, as well as mitigate counterparty risk.
New research from blockchain analytics firm Elliptic asks whether zkSNACKs, the firm behind bitcoin privacy wallet Wasabi, is turning a blind eye to stolen coins.
The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General.
Bitfinex plans to enter the DeFi market via Hodl Hodl and will add fresh liquidity to the Hodl Hodl lending pool.
But the impact on the market may be little.
The report is similar to those produced by other stablecoin issuers like Centre or Paxos.
"If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market," the report says.