The Wall Street Journal published an article on February 10, according to which a large Wall Street firm, Cantor Fitzgerald, will manage the reserves of Tether invested in US T-bills.
The Wall Street Journal published an article on February 10, according to which a large Wall Street firm, Cantor Fitzgerald, will manage the reserves of Tether invested in US T-bills.
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.
Paxos 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.
Circle 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.
As 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.
