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As part of cooperating with the New York Department of Financial Services (NYDFS), Paxos Trust should stop issuing Binance USD.
On February 9, 2023, Tether shared with its users the fourth quarterly report for 2022. By the end of 2022, Tether completely disposed of commercial paper in reserves, reduced secured loans by $300 million, and received more than $700 million in profits for the last quarter.
Bloomberg journalists reported that PayPal suspended work on its own stablecoin amid the problems of Paxos and BUSD.
Alex HarutunianBloomberg journalists reported that PayPal suspended work on its own stablecoin amid the problems of Paxos and BUSD.
Alex HarutunianAs part of cooperating with the New York Department of Financial Services (NYDFS), Paxos Trust should stop issuing Binance USD.
Alex HarutunianOn February 9, 2023, Tether shared with its users the fourth quarterly report for 2022. By the end of 2022, Tether completely disposed of commercial paper in reserves, reduced secured loans by $300 million, and received more than $700 million in profits for the last quarter.
Alex HarutunianTether and INHOPE have announced a collaboration to eliminate CSAM (child sexual abuse material) related payments on the network.
Alex HarutunianPaxos will increase the share of its USDP stablecoin in Maker's DAI Peg Stability Module (PSM). To facilitate this Paxos will transfer MakerDAO 45% of the income it gets from its own reserves on the deposited coins.
Alex HarutunianCircle has created a protocol that replaces cross-chain bridges - CCTP. The launch is planned in the middle of the first quarter of 2023 on Ethereum and Avalanche.
Alex HarutunianAs we wrote earlier, 2022 was quite a difficult year for stablecoins, but they managed to reach a record settlement volume, exceeding $7 trillion. Then, Peter Johnson predicted that the total settlement volume of stablecoins in 2023 would bypass Visa.
Alex HarutunianA stablecoin linked to gold, Tether Gold (XAUT), has been listed on ICRYPEX crypto exchanges.
Alex Harutunian