Day: August 10, 2021

PNC Bank Planning Crypto Offering With Coinbase

“In recent months, we have formed partnerships with industry leaders including [Tesla CEO] Elon Musk, PNC Bank, SpaceX, Tesla, Third Point LLC and WisdomTree Investments,” a letter from Coinbase to its shareholders read. When asked about the partnership by CoinDesk, the crypto exchange declined to elaborate. Source

What We Know (and Don’t) About Stablecoins’ Dollar Backing

Most stablecoin issuers, including Circle, Paxos, Huobi and Gemini, release attestation reports every month. For TrueUSD, the attestation is released 24/7 – you can get a report whenever you want, showing the state of its U.S. dollar collateral up to the minute. On the other end of the spectrum, Tether said it would issue attestation reports on a quarterly basis. Source