usdt

Jeremy Allaire Circle
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.
Jeremy Allaire Circle

DO NOT USE: Tether's Chief Technology Officer Paolo Ardoino (Tether)
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.
DO NOT USE: Tether's Chief Technology Officer Paolo Ardoino (Tether)

DO NOT USE: Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Credit: Twitter/Bitfinex, modified by CoinDesk)
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.
DO NOT USE: Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Credit: Twitter/Bitfinex, modified by CoinDesk)

CDCROP: Binance CEO Changpeng "CZ" Zhao (CoinDesk)
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.
CDCROP: Binance CEO Changpeng "CZ" Zhao (CoinDesk)

binance
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.
binance

DO NOT USE: Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Credit: Twitter/Bitfinex, modified by CoinDesk)
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.
DO NOT USE: Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Credit: Twitter/Bitfinex, modified by CoinDesk)

ether options trading
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.
ether options trading

CDCROP: Briefcase of Cash (Chris Rogers/Getty Images)
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.
CDCROP: Briefcase of Cash (Chris Rogers/Getty Images)

The Bank of England (Travelpix Ltd/Getty Images)
No, the UK Is Not Going to Make USDC and USDT Legal Tender
For “legalize” read “regulate.”
The Bank of England (Travelpix Ltd/Getty Images)

(Yuichiro Chino/Getty Images, modified by CoinDesk)
OCC: ‘No Contagion’ Post-Terra Collapse
A surprisingly measured set of comments from Acting Comptroller Michael Hsu.
(Yuichiro Chino/Getty Images, modified by CoinDesk)