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USDT
Why Tether Freezing Over $1M Worth of USDT Belonging to 1 Address Matters
Stablecoin issuer Tether froze over $1 million worth of USDT belonging to a single address. "The Hash" host Naomi Brockwell uses this news to point out "all these stablecoins are freezable at the protocol level." The hosts dive into trade-off risks between centralized versus algorithmic stablecoins like Terra's UST.
How Stablecoins Merge Traditional and Decentralized Finance
Stablecoins create a bridge between traditional financial markets and cryptocurrency markets, providing a unique opportunity for investors and advisors.
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.
Venezuela’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis
In view of the hyperinflation in the Latin American country, the government decided to remove six zeros from the currency and issue a new bolivar. For a third time.
Tether Denies Holding Evergrande’s Commercial Paper as Reserve for Stablecoin USDT
It’s the latest twist in ongoing speculation over the quality of the reserves backing USDT.
Circle CEO Jeremy Allaire on Stablecoins
Jeremy Allaire of neo-bank Circle digs into the world of stablecoins as the issuer of the second-largest stablecoin by market cap USDC. He joins "First Mover" live from the 2021 SALT Conference in New York to share his insights into USDC's backings, growth of stablecoins, tether (USDT)'s reserve breakdown, and his reactions to Coinbase receiving a SEC Wells notice over its lending product. Plus, insights into Circle's future plans as it prepares to go public.
Stablecoins Are ‘Pretending’ to Be Currencies: ECB’s Lagarde
Stablecoins are not currencies, but rather, assets, ECB President Christine Lagarde said.
Tether Starts Printing Again After 2-Month Pause
The issuer of the world's largest stablecoin has minted 2.3 billion new USDT tokens since the start of August.
Poly Network Hacker Releases Private Key for Remaining Looted $141M
In a note to the Poly Network team, the attacker referred to the saga as "one of the most wild adventures in our lives."
