usdt

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Even 'Safe' Stablecoins Might Pose Financial Stability Risk, New York Fed Says
Researchers at the Federal Reserve Bank of New York published a new paper claiming Circle's USDC stablecoin poses a risk to the broader financial system.
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Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year.
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Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT
The order relates to a lawsuit that alleges unbacked USDT issuances have caused $1.4 trillion in damage to the market.
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Binance Ditched a Bunch of Stablecoins. Even a Newly Banished Issuer Was OK With It
Surprisingly, Circle’s CEO expects USDC to benefit from getting booted from Binance, while market insiders predict a better trading experience.
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Binance, Issuer of Third-Biggest Stablecoin, to Stop Supporting Larger Rival USDC
The action effectively removes the world's second-biggest stablecoin, USD coin, as a tradable asset on Binance's giant platform.
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Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns
The USDT issuer's market cap has fallen to $66.1 billion from $82.2 billion in two months.
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Crypto Derivatives Exchange Bybit to Settle Options Contracts in USDC
The company will be using the second-largest stablecoin by market cap for its relative stability.
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Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report
The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said.
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No, the UK Is Not Going to Make USDC and USDT Legal Tender
For “legalize” read “regulate.”
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OCC: ‘No Contagion’ Post-Terra Collapse
A surprisingly measured set of comments from Acting Comptroller Michael Hsu.
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