The Singapore-based crypto trading platform has inked a partnership with stablecoin issuer Circle.
Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and cash equivalents. Dan Burstein, CCO of Paxos, harshly criticized Tether and Circle, issuers of other stablecoins, stating their products we’re not really stablecoins. Paxos Reveals […]
Tether’s general counsel said a full audit is coming in months.
Grant Horton has conducted an audit on USDC’s reserves and Jim Cramer has questioned what’s going on with Tether’s commercial paper reserves.
Payments giant Mastercard has announced that its crypto card program is being enhanced for cryptocurrency wallets and exchanges. The company said, “Making the process simpler will allow more banks and crypto partners the opportunity to offer their consumers the choice of paying with cryptocurrency.” Mastercard Making It Simpler to Convert Cryptocurrency to Traditional Fiat Currency […]
On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre Consortium’s accountant, Grant Thornton explaining that the stablecoin’s reserve account information matches the accompanying reserve account […]
The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months.
Over the last few weeks, cryptocurrency markets have fallen in value as most of these assets reached all-time price highs three months ago. Despite the price drops, 2021 has still been an explosive year for crypto gains and fiat-pegged stablecoins have grown massively as well. 53 days ago, the entire capitalization of fiat stablecoins crossed […]
Hop plans to roll out support for additional crypto assets and layer-two networks in the coming weeks.
The Boston-based crypto financial company Circle has announced the firm plans to go public this year in a merger with Concord Acquisition Corp. Circle revealed the news on Thursday and noted that the company expects to close the deal in Q4 with a valuation of $4.5 billion. Circle Announces SPAC Deal With Plans to Go […]