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The launch comes amid panic in the stablecoin market following the collapse of Terras UST. Tether Stablecoin USDT Heads to Polygon Despite ongoing concerns in the stablecoin market, Tether is...
The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly…
Through a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said.
Tether, the company behind the largest stablecoin on the market pegged to the U.S. dollar, USDT, has launched a new stablecoin pegged to the Mexican Peso. Tether Launches Fourth Stablecoin...
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally,…
Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back.
Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors.
The quest continues for the perfect “stand in” for the U.S. dollar. But, UST’s crash suggests that algo stables may be “inherently fragile.”
DAI has been around since 2017, which no algo stablecoins has ever matched, and it’s unlikely to share the fate of UST.
“It was clear to me, it was clear to many that I know that it was a bad idea,” said Tether and Bitfinex CTO Paolo Ardoino.