Tether and Bitfinex pledge $100K grant for private operating system
“If you’re serious about security, @QubesOS is the best OS available today," commented Edward Snowden in a previous tweet.
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“If you’re serious about security, @QubesOS is the best OS available today," commented Edward Snowden in a previous tweet.
Regulatory uncertainty and the lack of transparency on stablecoins caused crypto markets to trade at its lowest levels in 3 months.
Stablecoin issuer Tether has responded to claims that it deactivated the accounts of major crypto firms, including MoonPay.
USDT issuer Tether said that they “do not condone” the behavior of the media outlets and highlighted that the materials presented do not reflect what Tether is at present.
The stablecoin pool ideally has a weightage of 33.3% of USDT, USDC and DAI; however, on June 15, the USDT weightage rose above 70% in the pool.
The move is Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion.
Volcano Energy said the funds would go toward developing a 241-megawatt power generation park.
El Salvador’s plans to build a billion dollar renewable energy precinct has found a first-round investor in stablecoin issuer Tether.
This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines.
At a time when USDT is touching new market cap highs, other stablecoins are struggling to keep their market share.