Stablecoin usage has migrated outside of Ethereum due to the high transaction fees triggered by meme-coin hype. In light of this, the second-tier blockchains are now getting increased traction.
A year after the collapse of the Terra UST, its followers still retain hope for its revival and actively propose new schemes. Is this a new forum for innovations or a victim club?
Stablecoin usage has migrated outside of Ethereum due to the high transaction fees triggered by meme-coin hype. In light of this, the second-tier blockchains are now getting increased traction.
A year after the collapse of the Terra UST, its followers still retain hope for its revival and actively propose new schemes. Is this a new forum for innovations or a victim club?
Tether has announced its new investment strategy. To strengthen and diversify reserves, the company plans to regularly buy bitcoin with realized profits.
The European Banking Authority believes that stablecoins can exist and innovate responsibly, alongside CBDCs and other payment devices, subject to the implementation of some sensible guardrails.
The issuer of the largest stablecoin, Tether continues its path to transparency. In the recent quarterly reserve report, the company showed a breakdown for a previously consolidated reserve category that revealed its investments in gold and bitcoin.
Amid the growth of TrueUSD stablecoin, the community is puzzled by its ongoing support from Binance. Also, rumors are spread about the project's possible connections with Tron's Justin Sun. TrueUSD says the latter is not True.
Tether continues to expand the list of exchanges where users can access gold-referenced XAUT and Euro-referenced EURT. BitMart and MEXC Global exchanges have announced the listing of stablecoins.
