Tether Cut Commercial Paper Reserve by 17% in Q1, Accountants Say
The reduction has continued with a further 20% cut since April 1, which will be reflected in the Q2 report, the stablecoin issuer said.
The reduction has continued with a further 20% cut since April 1, which will be reflected in the Q2 report, the stablecoin issuer said.
The leading stablecoin project still hasn’t published its March report attesting to its reserves. Following Terra, investors have a right to more timely information, says our columnist.
“$UST peg failure is Terra’s DAO hack moment,” the Terraform Labs CEO wrote, “a chance to rise up anew from the ashes.”
DEI lost as much as 46 cents in European hours this morning. It follows a trend of several algorithmic stablecoins losing their pegs.
Some analysts remain cautious and expect lower price returns for bitcoin over the next few months.
With crypto markets trading in the green after a deep slump, and a look at how one of crypto’s most ardent critics is now building something like a blockchain, CoinDesk’s Markets Daily is back with the latest news roundup.
How the naysayers were right about UST, and why it matters for investors.
Blocks 7607790 and 7607791 came through at around 11:27 UTC Friday.
Pennsylvania Congressman Glen Thompson has proposed a thoughtful, well-formulated blueprint for "crypto regulation" that aligns with U.S. Treasury Department’s proposals.
The Galois Capital co-founder foresaw the problems with UST, and joined CoinDesk TV’s “First Mover” to discuss what could happen to it now.