Salary payments in USDT stablecoin ruled as illegal in the Chinese court
Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all types of crypto transactions.
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Tron’s USDD Regains Stability After Tapping an All-Time Low at $0.92
Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June…
Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022
The USDT-to-USDC market cap ratio fell to its lowest ever in July 2022.
Tether continues to reduce commercial paper in sharp reduction since March
The stablecoin issuer announced its intentions of removing all commercial paper from its reserves last month as it countered rumors, and it remains on schedule so far.
EU agrees on MiCA regulation to crack down on crypto and stablecoins
“Europe’s upcoming crypto-assets policy framework will be to crypto what GDPR was to privacy,” says Circle chief strategy officer Dante Disparte.
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank,…
Terra’s LUNA2 skyrockets 70% in nine days despite persistent sell-off risks
LUNA2 may have bottomed in June, but just who is buying this controversial token?
Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis
Thomas Moser hinted that regulations might take time as the current regulations would wipe out the decentralized ecosystem like DeFi.
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
Stablecoins like USDT and USDC would be doing just fine if properly regulated, while Bitcoin is a "Ponzi scheme" in any case, China's BSN chair told Cointelegraph.
CBDC may threat stablecoins, not Bitcoin: ARK36 exec
A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a decentralized cryptocurrency, one industry exec believes.
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