Tether Becomes 11th Largest BTC Whale
Tether, the stablecoin issuer, has recently become the 11th largest Bitcoin holder globally.
Tether, the stablecoin issuer, has recently become the 11th largest Bitcoin holder globally.
Decentralized finance protocol Aave has just launched the decentralized stablecoin GHO on the Ethereum mainnet.
Circle, the issuer of stablecoin USDC, is planning on launching a stablecoin in Japan, as voiced by CEO and co-founder Jeremy Allaire.
Despite BTC’s rally to yearly highs, the stablecoin sector has not seen its full benefit, according to Fitch.
Hong Kong has penned a new policy proposal, emphasizing the benefits of a Hong Kong Dollar-backed stablecoin (HKDG), to be issued by the government.
The Bank of Italy has advocated for the development of a regulatory framework for digital currencies pegged to fiat money.

"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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