Tether, the USD-pegged coin that’s no longer backed by USD
Ever since it was first introduced, there have been questions about the legitimacy of the Tether (USDT) stablecoin.
Latest stablecoins News
Facebook shopping its crypto to exchanges: report
Facebook is preparing to introduce its stablecoin to its messaging services, according to reports.
Brazilian investment bank to issue $15M security token offering
Banco BTG Pactual announced plans for the security token, which will be backed by distressed real estate.
New regulations for Venezuela crypto scene amid civil strife
Venezula has revealed new requirements for exchange platforms and miners. Those businesses will now have to register with a superintend body of crypto-related activities, named Sunacrip, and adhere to new regulations.
New stablecoin FreedomCoin to improve gun transactions
GunBroker.com, the world’s largest gun marketplace, has introduced a new stablecoin as their new payment method, calling it FreedomCoin.
Facebook to launch its own cryptocurrency
Facebook Inc. is reportedly planning to release its own cryptocurrency pegged to the U.S. dollar, initially for facilitating money transfers.
Basis stablecoin folds, will return $133M in investments
Basis, the heavily funded stablecoin, has confirmed rumors that it is to close, returning all of the funds to investors.
Tether continues to lose market dominance
Tether may currently be stable and may have seen its value return to be even with the US dollar, but this may not last long.
Venezuela pushes for Petro as unit of measurement for oil
Despite not having a stable economy upon which to build its national cryptocurrency, it is working diligently to have Petro seen as a viable cryptocurrency – although most indications are that it will never truly get off the ground.
Tether’s new banking partner already in hot water
According to media outlet, Brazil’s Deltec Bank & Trust may have been involved in a large money-laundering scheme that involves a Brazilian government official.
Russia Duma said to be considering launching stablecoin
According to Russian media outlet, the state Duma’s Committee on Financial Markets announced that it is discussing creating a ruble-backed stablecoin in response to an increase in household debt.
Stablecoins are not cryptocurrencies, Japan’s FSA confirms
The Financial Services Agency (FSA) has said that stablecoins are not virtual currencies under the definition provided in the Payment Services Act, in a statement that could have profound effects on how stablecoins are regulated in Japan.