What it used to take up to two business days was settled for minutes during the weekend. DBS and Citi settled a US dollar cross-border payment between Singapore and New York on September 5 […]
Tether’s Alloy gold-backed synthetic dollar reserves have crossed $210 million, according to the company’s transparency materials. The milestone relates to Alloy and aUSDT, not standard USDT reserves. That distinction matters because Tether’s main stablecoin is […]
In a recent turn of events, the Office of the Comptroller of the Currency (OCC) has given Revolut a preliminary green light to establish a national bank. This in turn would allow the firm to […]
Progress beyond the initial rollout will depend partly on market adoption and the outcome of pending stablecoin legislation. South Korea’s Financial Services Commission unveiled a phased roadmap on September 4 for converting stocks, bonds […]
Tether reported $1.3 billion in Q2 net operating profit in its latest BDO attestation statement, while excess reserves rose to $5.2 billion above full USDT backing. The figures keep Tether at the center of the […]
Circle has issued its latest monthly reserve attestation for USDC, with Deloitte’s review showing reserve assets above total circulating token supply. The attestation states that USDC reserves stood at $34.5 billion and were backed primarily […]
Stablecoins are becoming an unexpectedly important part of the U.S. government debt market. What began as a way for crypto traders to move digital dollars between exchanges is increasingly creating a new class of buyers […]
Bank for International Settlements (BIS) has changed its position on stablecoin payments. On the sidelines of the Jackson Hole event, BIS head Pablo Hernández de Cos reiterated that stablecoins are not a credible payment method […]
X stablecoin discussions could eventually change how millions of dollars in creator rewards are delivered. X is exploring stablecoin payments for content creators as it replaces its long-running Revenue Sharing program with a new […]
The stablecoin giant’s reserves exceeded liabilities by $6.81 billion. The entity behind the world’s largest stablecoin has announced that KPMG U.S. issued an unqualified audit opinion on the financial statements of Tether International, S.A. […]
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