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.
USDC’s Capitalization Falls by 12%
The USDC supply topped $56 billion, but it has fallen 12% over the past month.
Russia’s Central Bank Opposes Recognition of Stablecoins as a Means of Payment
The Central Bank of Russian believes it is impossible to recognize cryptocurrencies and stablecoins as means of payment.
Celsius Network Wants to Sell Stablecoins
Crypto lending platform Celsius Network has filed a lawsuit to liquidate $23 million in stablecoins.
