Lack of Transparency to Blame for Tether’s Loss of USD Peg: Novogratz

Five days since losing its U.S. dollar peg, fiat-backed cryptocurrency tether (USDT) continues to trade at a discount to its supposed $1.00 valuation. Defenders have largely chalked up the markdown to FUD, arguing that supporters of other “stablecoins”...

Tether Falls, What Is Next?

The sky is falling in Crypto today because its biggest stable coin has lost its peg to the dollar. Tether USDT, long claimed to be backed up by millions in fiat reserves, is no longer trading at a dollar, currently sitting at $0.966. A mere three and a...

As Tether Loses USD Peg, OKEx Will List ‘Regulated’ Cryptocurrency Stablecoins

If tether (USDT) is truly backed by and redeemable for physical U.S. dollars stored in company-controlled bank accounts, the so-called cryptocurrency “stablecoin” should manage to weather this period of uncharacteristic volatility until arbitrage resto...

Bitcoin Payment Processor BitPay Launches Stablecoin Settlement [Tether’s Not Invited]

Bitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” Gemini Dollar (GUSD) and USD Coin (USDC), providing them with the ability to denominate their operations in cryptocurrenc...

USD Coin Arrives: Circle’s Crypto Stablecoin Is Now Trading

Crypto finance firm Circle has officially released its dollar-pegged stablecoin for limited trading, the company announced Wednesday.

Circle Announces USD Coin

In a bombshell announcement, Circle revealed USD Coin, a fiat backed stable coin that will be used on their Poloniex exchange. The move comes as Circle continues to pivot its business models. In recent months they have launched Circle Invest, purchased Poloniex, and redesigned Circle Pay. Now they are launching not only USD Coin, but […]

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