Tether: an unforeseen trouble

    Bloomberg has published a huge article going into the activities of the USDT stablecoin issuer. It once again accuses the Tether company assets of being unreliable. In particular, journalists found Chinese companies’ bonds in Tether reserves. A month ago, when everyone started talking about the possible bankruptcy of the Chinese mega-developer Evergrande, several Telegram channels…

    7 Stablecoin alternatives to Tether

    There’s Bitcoin, Ethereum, Ripple, and Litecoin, whose prices are dependent on the volatile cryptocurrency market. And then there’s Tether (USDT), whose price will never float too far away from $1. While this stablecoin is the most popular in the world, it isn’t the only option, writes Jie Yee Ong on MakeUseOf. So, read on to…

    From stablecoin to a bank: perhaps, the greatest challenge of 2021. Part 1

    The Circle company, known as the issuer of the USDC stablecoin, is set to become a US national commercial bank – a digital bank that combines crypto and fiat payments. This is yet another way the cryptocurrency industry is invading traditional banking. We have only just written about how crypto exchanges are becoming competitors of…

    The Tether controversy explained

    How stable are stablecoins? — asks Elizabeth Lopatto in a study for The Verge. What if a digital currency wipeout could injure — or even destroy — the entire cryptocurrency ecosystem? Lately, there’s been a focus on stablecoins, the quiet power players of the cryptocurrency space. Questions about stablecoins, particularly one called Tether, have been…

    US Treasury Secretary urges federal agencies to quickly introduce stablecoin regulations

    Treasury Secretary Janet Yellen told regulators Monday that the U.S. government must move quickly to establish a regulatory framework for stablecoins, a rapidly growing class of digital currencies. The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months. According to Reuters, Treasury Secretary Janet Yellen held a…

    Which Cryptocurrencies Are The Most Profitable To Buy In 2021

    As many companies inclining towards cryptocurrency as an investment, Apoorva Bellapu at Analytics Insight observes crypto tendencies in 2021. Since the cryptocurrency market had fallen a few days ago, the rush to invest in digital coins raises like never before. Everyone estimates that the market would correct itself in a while and that the prices…