The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills. Source
Stablecoin Issuer Tether Cuts Commercial Paper Holdings to Zero
Tag: Issuer
Tether stablecoin issuer freezes 8.2M USDT on Ethereum: Data
Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay. Major stablecoin issuer Tether froze yet another batch of USDT on the Ethereum blockchain, freezing more than $8 million worth of the cryptocurrency. Crypto monitoring resource Whale Alert has identified several transactions that indicate Tether froze three USDT addresses on Oct. 10. According to data from transaction logs on Etherscan, the frozen addresses hold 3.4 million USDT, 1.95 million USDT and 2.9 million USDT. The addresses…
Stablecoin Issuer MakerDAO Allocates $500M for Treasuries, Corporate Bond Investment
The “strategic investment” will be converted from its overcollateralized stablecoin, with 80% going towards U.S. short term Treasuries and the remaining 20% to investment grade corporate bonds. MakerDAO’s community voted in favor of the allocation proposal, which was presented in late June. Source
Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
CryptoX – Cryptocurrency Analysis and News Portal The firm had said it plans to bring its commercial paper holdings to zero by the end of the year. Source The post Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M appeared first on CryptoX. CryptoX Portal
Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commerical Paper Holdings to Below $50M
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year. Source
Circle Launches Cross-Chain Transfer Protocol, USDC Issuer Acquires Payment Orchestration Firm Elements – Bitcoin News
On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier for merchants to integrate their existing points of contact with Circle’s crypto solutions. Circle Reveals New Permissionless Cross-Chain Transfer Protocol at Converge22 This week Circle and a number of other crypto industry heavyweights attended the Converge22 event in San Francisco. During the conference, Circle has made a number of announcements…
Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT
CryptoX – Cryptocurrency Analysis and News Portal The order relates to an ongoing lawsuit that alleges that unbacked USDT issuances have caused $1.4 trillion in damage to the market. Source The post Stablecoin Issuer Tether Ordered to Produce Documents Showing Backing of USDT appeared first on CryptoX. CryptoX Portal
SEC to address growing crypto issuer filings with specialized offices
In light of the influx of filings from cryptocurrency issuers in the United States, the Securities and Exchange Commission (SEC) decided to set up two new offices this fall to provide specialized support to the seven offices currently responsible for reviewing issuer filings. Under the Division of Corporation Finance’s Disclosure Review Program (DRP), the SEC announced plans to add two offices — an Office of Crypto Assets and an Office of Industrial Applications and Services — purely focused on dealing with crypto assets and industrial applications and services, respectively. Sharing…
Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC
The action effectively removes the world’s second biggest stablecoin USDC, with a market cap of nearly $52 billion (compared to USDT’s $67.5 billion) as a tradeable asset on Binance’s platform. The move is also a blow to Circle Internet Financial, the issuer of USDC. Source
Stablecoin Issuer Tether Won’t Freeze Tornado Cash Addresses, Says Premature Freezing Could Jeopardize Investigations – Bitcoin News
While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Tether’s recently published blog post about the subject says the company is waiting for instructions from law enforcement. Tether Has No Plans to Freeze Tornado Cash-Associated Private Wallets and Is Waiting to Hear From Law Enforcement Officials On August 8, the U.S. Treasury Department’s financial watchdog, the Office of Foreign Asset Control (OFAC), banned…