Binance Experiences $7B Outflow of Stablecoins in a Single Day
More than $7 billion in stablecoins have been withdrawn from Binance in 24 hours.
Platypus Launches Native Stablecoin USP
Hong Kong, Hong Kong, 13th December, 2022, Chainwire Platypus Finance is launching USP, a protocol-native stablecoin. USP’s deployment has emerged from Platypus’ goal of improving capital efficiency for its users. USP also resolves long-running collateral issues associated with stablecoins. The native Platypus Finance stablecoin has been designed to reduce the liquidity fragmentation and scattered assets that are endemic to many […]
Coinplay Welcomes World Cup Bettors With 100% Bonus Worth up to 5,000 USDT
Willemstad, Curaçao, 12th December, 2022, Chainwire Licensed crypto sportsbook Coinplay has unveiled its largest welcome bonus to date. Designed to coincide with the World Cup knockout stages, the promotion will see new signups enjoy a 100% match on their first deposit. Up to 5,000 USDT will be awarded to new users, effectively doubling the stake they can wager with. Coinplay’s […]
Tether’s CTO Paolo Ardoino Denies USDT’s Deviation from USD
According to Tether’s CTO Paolo Ardoino, the 3% deviation of USDT from $1 observed on CoinGecko was due to a glitch, not the real state of affairs.
Investors Withdraw More Than 20% of Capital from Circle’s Stablecoin USDC
The reserves of USDT whales, which control between $100,000 and $10 million in stablecoin, have decreased by more than 50%.
SEC’s Chairman: The CFTC Should Regulate the Stablecoins Industry
Gary Gensler said in late 2021 transactions with digital currencies should be regulated by his agency.
USDT Issuer Tether Eliminates Share of Commercial Paper in Stablecoin Collateral
Tether Limited has completely removed commercial paper from the asset’s collateral and has replaced them with US Treasury bills.
