U.S. Bill Demands Stablecoin Reserves be in Cash and Treasuries
Stablecoin issuers like Tether Holdings and Circle Inc. will have to keep their reserves in cash and treasuries if this bill becomes law.
Crypto News
Regulation
Crypto News
General
Coinbase: USDC, USDT to Face More Liquidity Problems if The FED Hikes Interest Rates
A Coinbase report predicts that stablecoins, including USDC and USDT, will face liquidity challenges if the FED hikes rates.
Crypto News
Ethereum
USDC Flips USDT Daily Average Transactions on Ethereum
For the first time in the history of USDC, the stablecoin posted more transactions on the Ethereum network than USDT.
Crypto News
General
All Crypto Projects with over $10 Million in Daily Trading Volumes are In Red
According to a coin tracker, there is no crypto project with over $10 million in average daily volume that is outperforming the USD.
Crypto News
Tether (USDT) is Overcollateralized with over $82 Billion in Reserves
An assurance report by an independent accounting firm suggests that Tether (USDT) is sufficiently backed and is safe.
Crypto News
DeFi
Tether (USDT) is Wobbly Hours after UST Crash
Tether is trading below the $1 peg, a concern that users claim may further heap pressure on crypto assets hours after UST crashed.
DeFi
Justin Sun and the TRON DAO Plan to Launch a Stablecoin Backed by $10 Billion worth of Crypto Assets
The TRON DAO and Justin Sun plan to launch a decentralized algorithmic multi-chain stablecoin dubbed USDD by May 5, 2022.