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Visa Terminates Agreements With Bankrupt Crypto Exchange FTX
15.11.2022
Visa has reportedly terminated its global agreements with collapsed cryptocurrency exchange FTX and its U.S. arm, FTX US. The payments giant added that FTX’s “U.S. debit card program is being wound down by their issuer.” Visa Ends Agreements With FTX Visa Inc., the world’s...
US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins
14.11.2022
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos...
Stablecoin Issuer Circle Plays Down FTX, Alameda Exposure
9.11.2022
FTX was one of the investors in Circle's 2021 financing round of $440 million
USDC Issuer Circle to Add Solana Support for Euro Coin in 2023
7.11.2022
Stablecoin issuer Circle said it will add support for Euro Coin on the Solana blockchain early next year
Stablecoin Issuer Paxos Plans to Hire at Least 130 in Singapore: Report
7.11.2022
Paxos plans to make at least 130 hires in Singapore having obtained a central bank license to offer crypto products and services, Bloomberg reported Monday
Singapore Grants Stablecoin Issuer Circle In-Principle License to Offer Payment Products
2.11.2022
Circle received an in-principle license as a major payments institution in Singapore, allowing it to offer cross-border and domestic payment services
Stablecoin Issuer Paxos Receives Operating License From Singapore Regulator
2.11.2022
Paxos, issuer of the USDP stablecoin, can offer crypto products and services in Singapore after securing the license under the nation's Payment Services Act
Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model
28.10.2022
Frax's dual token model will simplify DeFi integrations and supposedly allow users to earn above-average ether staking yields
Stablecoin Issuer Circle Bullish on European Union After Crypto Asset Law Proposal
27.10.2022
The US-based stablecoin issuer Circle is turning bullish on the crypto industry in European Union (EU), calling the Markets in Crypto Assets (MiCA) law “a regulated path for stablecoins in Europe.”
Speaking at the Blockchain for Europe Summit in Brussels, Belgium on Tuesday, Patrick Hansen...
Stablecoin Issuer Tether to Make USDT Available at 24,000 ATMs in Brazil
20.10.2022
The conversion of tether to Brazilian reals and vice versa will be managed by local crypto services provider SmartPay in conjunction with TecBan, which owns the ATMs
Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero
14.10.2022
On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a while now, and Tether says that shrinking commercial paper holdings down to zero...
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero
13.10.2022
The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills
Tether stablecoin issuer freezes 8.2M USDT on Ethereum: Data
11.10.2022
Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay
Stablecoin Issuer MakerDAO to Invest $500M in US Treasurys, Corporate Bonds
6.10.2022
The transition was initiated by DeFi asset advisor Monetalis and lead by digital asset bank Sygnum
Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves
3.10.2022
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly...
Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
3.10.2022
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year
Circle Launches Cross-Chain Transfer Protocol, USDC Issuer Acquires Payment Orchestration Firm Elements
30.9.2022
On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier...
Tether Reveals USDT Stablecoin Is Now Supported by Polkadot
23.9.2022
Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 days...
Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT
21.9.2022
The order relates to an ongoing lawsuit that alleges that unbacked USDT issuances have caused $1.4 trillion in damage to the market
Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks
12.9.2022
On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization. Tether...