Stablecoins

China court says Tether stablecoin ‘should not be circulated’
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8 July, 2022

China court says Tether stablecoin ‘should not be circulated’

A Chinese court has ruled that local companies can’t pay their workers’ wages with USDT (aka Tether) because the government—like...
Meta pulls the plug on Novi, the last standing piece of Zuckerberg’s stablecoin dream
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7 July, 2022

Meta pulls the plug on Novi, the last standing piece of Zuckerberg’s stablecoin dream

Novi users will lose all access to the wallet in September as Meta urges them to withdraw their funds, ending...
RBI: Chances of India’s ‘cryptoisation’ limited but still need close monitoring
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6 July, 2022

RBI: Chances of India’s ‘cryptoisation’ limited but still need close monitoring

The Reserve Bank of India states that digital assets don't pose a significant risk because the market is relatively small,...
Coinbase’s conflation of in-house stablecoin, US dollar sparks liquidity concerns
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1 July, 2022

Coinbase’s conflation of in-house stablecoin, US dollar sparks liquidity concerns

Coinbase is facing liquidity rumors after the struggling cryptocurrency exchange conflated its in-house stablecoin with the U.S. dollar for online...
BlockFi scores surprise Money Services License in Iowa, but its fate hangs in the balance
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1 July, 2022

BlockFi scores surprise Money Services License in Iowa, but its fate hangs in the balance

BlockFi announced the new license this week, coming just a fortnight after the platform paid close to $1 million to...
More hedge funds are betting against Tether amid digital currency meltdown
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30 June, 2022

More hedge funds are betting against Tether amid digital currency meltdown

Some hedge funds are using Genesis Global Trading to short Tether, and they’ve upped the ante since the implosion of...
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