No, the UK Is Not Going to Make USDC and USDT Legal Tender
For “legalize” read “regulate.”
For “legalize” read “regulate.”
A surprisingly measured set of comments from Acting Comptroller Michael Hsu.
The UST failure prompted large investors on the Ethereum blockchain to leave USDT for the perceived safety of its biggest competitor.
Will the attestations be enough to calm Tether’s critics?
A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors' stablecoin preferences; bitcoin holds above $30,000.
With bitcoin traders taking a beating overnight as Tether’s USDT stablecoin loses its $1 peg, plus a look at where the collapse of Terra’s stablecoin may fit in a history of self-delusion, CoinDesk’s Markets Daily is back with the latest news roundup.
The Delaware-registered company said Visa and Stripe cut it off for serving too many Russians, but on-chain data has stoked users' suspicions.
Kusama becomes the tenth blockchain to support USDT, which already has more than $80 billion in circulation.
The asymmetric bet limits the downside, but promises big profits if correct, the firm's clients say.
The increase comes as the West's sanctions on Russia trigger a flight from the ruble.