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Tether
Myanmar’s Shadow Government Reportedly Adopts Tether as Official Currency
Myanmar’s shadow government, the National Unity Government (NUG) made up of ousted leader Aung San Suu Kyi’s supporters, has recognized stablecoin tether (USDT) as its official currency. This comes as Myanmar’s central bank declared all digital currencies illegal. "The Hash" squad discusses the latest development illuminating the adoption of tether as a potential act of defiance.
Myanmar’s Shadow Government Adopts Tether as Official Currency: Report
The National Unity Government said via a Facebook post that it now accepts USDT.
Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
Bitcoin’s perceived role as an inflation hedge is competing with altcoin speculation and U.S. dollar exposure through tether.
Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip
A single tether is supposed to be worth $1 or rupees 74.37 as per the current dollar-rupee exchange rate.
Tether, Bitcoin and Chinese Commercial Paper at Scale
A look at the leading stablecoin’s market cap and China’s real estate industry.
Tether’s USDT to Launch on Avalanche
The company behind the stablecoin also said that through an integration with Bitfinex, investors would have fast access to the token on the crypto exchange at low cost.
US Stablecoin Report Gets Mixed Reviews From Crypto Industry
Issuers’ reactions ranged from effusive to diplomatic, but lobbyists pushed back against stablecoin recommendations by the President’s Working Group on Financial Markets.
Biden Administration: Stablecoins Should Be Regulated Like Banks
The long-awaited stablecoin report from the President’s Working Group on Financial Markets (PWG) suggests prudential bank regulators should oversee stablecoin issuers. Rep. Warren Davidson (R-Ohio) shares insights into the U.S. crypto regulatory landscape for stablecoins, custody issues, DeFi, and tether.
Why Stablecoin Regulation Isn’t ‘Urgent’
The risks are real, but today’s report looks like a power grab.
Tether Enlists Startup to Help It Comply With Money Laundering Rules
The stablecoin issuer has started a trial partnership with Notabene, whose software tracks crypto transactions.