Hedge Funds Increase Short Positions on Tether’s USDT
USDT stablecoin shorting is on the rise amid negative market sentiment and the collapse of the Terra ecosystem among crypto-focused hedge funds.
The BIS to Create a Platform for Assessing Consequences of Stablecoins Collapse
The Innovation Hub of the Bank for International Settlements (BIS) intends to develop a platform for assessing the economic potential of stablecoins and crypto lending projects.
TRON DAO Reserve to Withdraw 2.5 Billion TRX from Binance to Support USDD Sustainability
TRON DAO Reserve has said it will withdraw 2.5 billion TRX from the Binance platform “to protect the blockchain industry and the cryptocurrency market.”
Ukraine’s Real State Agency Now Accepts Stablecoins as a Means of Payment
The DIM group of companies has just become the first in Ukraine to allow clients to purchase real estate for stablecoins.
MoneyGram to Allow Stablecoin Transfers
MoneyGram has announced it intends to provide services for the transfer and conversion of stablecoins.
Tether Issues MXN₮, its 4th Fiat-pegged Stablecoin
USDT issuer Tether has recently announced it plans to launch a new stablecoin. In this case, the asset, called MXN₮, will be pegged to the peso.
Tether Has Bought $10B From USDT Holders This Month
Tether Holdings Limited has bought $10 billion worth of tokens from USDT holders since the beginning of May.
