Altcoins

Tether Launches Stablecoin Pegged to the British Pound Sterling

Coins Legend June 22, 2022 0

Tether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news follows Tether’s most recent launch of a Mexican peso-pegged crypto asset called MXNT.

Altcoins

The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%

Coins Legend June 17, 2022 0

During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than 12 billion tethers have been removed from circulation […]

Altcoins

Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report

Coins Legend May 22, 2022 0

The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s […]

Technology

Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD

Coins Legend May 15, 2022 0

Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project’s reserves. In addition to the tron purchases, […]

News

Bitfinex and Tether Launch Public Fund to Support Salvadoran Families Affected by Gang Violence

Coins Legend April 12, 2022 0

Bitfinex, a cryptocurrency exchange, and Tether, issuer of USDT, the largest stablecoin by market cap, have partnered to launch a cryptocurrency fund to support Salvadoran families affected by gang violence. The two companies have donated 25 BTC to start the initiative, and expect many more will join. The President of El Salvador, Nayib Bukele, declared […]