Native Stablecoins Swell on Sui as Agora Adds AUSD Stablecoin to Network
Austin, Texas, 29th May 2024, Chainwire
Austin, Texas, 29th May 2024, Chainwire
Kraken has no intentions of removing Tether (USDT) from its platform in Europe despite previous reports of a potential delisting to comply with legal requirements.
In the first quarter of 2024, Tether Holdings reported a record net profit of $4.52 billion.
A new bill focused on stablecoins has been introduced to the US Senate, which S&P Global Ratings believes could prompt banks to enter the stablecoin market.
Tether, the issuer of the USDT stablecoin, has announced that it will freeze addresses associated with sanctioned entities.
Tether and the TON Foundation have formed a partnership, resulting in the launch of $60 million worth of USDT on the Open Network (TON) blockchain.
Senators Kirsten Gillibrand of New York and Cynthia Lummis of Wyoming have jointly introduced a bill in the Senate regulating stablecoin payments.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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