Tether to Publish Real-time Reserve Reports in 2024 – Report
According to Paolo Ardoino, Tether’s CEO, the stablecoin issuer reportedly plans to alter the frequency with which it releases reserve data reports and plans to publish them in real-time by 2024. Bloomberg reported on October 20 that Tether’s chief technology officer and incoming CEO, Paolo Ardoino, stated that the company intends to publish real-time reserve […]
Frax Finance Launches “Final” V3 Stablecoin, Staking
The launch of FRAX v3, a stablecoin pegged to the dollar, has been announced by the community of Frax Finance. The stablecoin uses AMO smart contracts and permissionless, non-custodial subprotocols to preserve its stability. The official documentation for FRAX v3, a stablecoin intended to sustain its value through AMO smart contracts and permissionless, non-custodial subprotocols, […]
Circle Backs Binance, Says SEC Can’t Regulate Stablecoins
Circle, the issuer of the USDC stablecoin, has filed an amicus curiae brief in support of Binance, the world’s largest crypto exchange, in its ongoing lawsuit with the SEC. Circle argues that stablecoins are not securities and should not be regulated as such by the SEC. An amicus curiae brief can provide additional information, arguments, […]
Tether Stablecoin Sees Increase in Secured Loans
Tether, the largest stablecoin issuer in the cryptocurrency market, has seen an increase in its stablecoin lending, or secured loans, in 2023, despite its plans to cut it down to zero by 2024 According to Tether’s most recent quarterly report, its assets included $5.5 billion in loans as of June 30, up from $5.3 billion […]
Opera Launches MiniPay Stablecoin Wallet For African Users
Opera has launched a new in-browser, non-custodial stablecoin wallet that runs on the Celo blockchain and will be available to its African user base for P2P stablecoin transactions. The web platform Opera revealed its intention to integrate a wallet for non-custodial stablecoins into its mobile web browser, which will be available to its African user […]