Issuer Archives

Nigerian Blockchain-Based Payment Startup, Ivorypay, Partners With Stablecoin Issuer, Tether

April 21, 2024

A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian […] Source CryptoX Portal

USDT Issuer Tether Added Nearly 8.9K Bitcoin (BTC) to Holdings in First Quarter: On-Chain Data

April 1, 2024

Though Tether made no official announcement of the action, a wallet believed to belong to the company shows as having 8,888.8888 bitcoin moved to it on March 31. Tether, of course, has made no secret of its intention to use a portion of its profits to acquire bitcoin. Source

Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox

March 14, 2024

On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into the sandbox does not imply endorsement or support for […] Source CryptoX Portal

Bitcoin ETF Issuer VanEck Has Huge Crypto Growth Goals in Europe

March 5, 2024 boss

“As soon as we got together with Jan, even probably before the acquisition, bitcoin was definitely a topic,” Rozemuller said. “Jan mentioned that he was already looking at ways to maybe do something in the U.S. We told him, ‘Well, we’re actually working on something in Europe, too.’” Original

USDR Issuer Tangible Rebrands to re.al, Pivots To Layer-2 Network for Real-World Assets

March 4, 2024

The U.K.-based project saw its stablecoin, USDR, falter in a liquidity crisis last year. Tangible is now setting its sights on two forms of redemption: first, a literal redemption of assets for holders of the sub-dollar stablecoin, and second, metaphorical redemption of the project itself through a pivot to becoming a platform for other RWAs to build on. Source

Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain

February 22, 2024

The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron, Circle said it is still committed to growing […] Source CryptoX Portal

USDC Stablecoin’s Issuer Circle Dumps Tron Network; TRX Steady

February 21, 2024

Circle cited its risk management framework as part of the decision. “This action aligns with our efforts to ensure that USDC remains trusted, transparent and safe – characteristics that make it the leading regulated digital dollar on the internet,” it stated. Source

Ether-Based Crypto Dollar Issuer Ethena Raises $14M, Opens Access to Public

February 16, 2024

Ethena’s USDe “synthetic dollar” is independent from the traditional financial system and aims to offer a dollar-denominated, yield-bearing savings vehicle for investors outside of the U.S. Source

USDT Issuer Tether Goes On Massive 8,888 BTC Buying Spree

January 19, 2024 boss

In an encouraging development for the crypto space, Tether, the issuer of the world’s largest stablecoin USDT, has doubled down on its Bitcoin investment momentum by acquiring a staggering 8,888 BTC, further diversifying its portfolio. Tether Increases Its Bitcoin Holdings Tether has recently made its third largest Bitcoin purchase, as the stablecoin issuer added a total of 8,888 BTC valued at $380 million at the time of purchase. This brings its total BTC holdings to 66,465 BTC, valued at $2.81 billion with an average buy price of $42,353. This transaction…

Stablecoin Issuer Tether Hits Back at UN Report Alleging Role of USDT in Illicit Activity in East Asia

January 16, 2024

The report by the UN Office on Drugs and Crime (UNODC) said that “Online gambling platforms, and especially those that are operating illegally, have emerged as among the most popular vehicles for cryptocurrency-based money launderers, particularly for those using Tether or USDT on the TRON blockchain” in the region. Source