カテゴリー: tusd

While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations

Tether Withdraws Claim of USD-Backing While Rival Stablecoins Provide Monthly AttestationsThe controversy surrounding the backing of Tether’s USDT tokens has resurfaced following a recent alteration to the company’s terms of service that now state the reserves backing USDT comprise “traditional currency and cash equivalents and … other assets and receivables from loans made by Tether to third parties.” Despite tether’s dominance among stablecoins by market […]

The post While Tether Withdraws Claim of USD Backing, Rival Stablecoins Provide Monthly Attestations appeared first on Bitcoin News.

Stablecoins Are Threatened by These Two Major Issues

On the heels of recent commentary from the published correspondence between Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd, SEC senior advisor Valerie Szczepanik explained at Austin’s SXSW conference that stablecoins may be violating current securities laws. Also read: Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards Stablecoins May […]

The post Stablecoins Are Threatened by These Two Major Issues appeared first on Bitcoin News.

Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume

Stablecoins See Few On-Chain Transactions Despite Recent Surge in Exchange VolumeDespite many stablecoins ranking among the top 20 most traded crypto assets by monthly volume, a recent report has shown that there are few onchain transactions conducted using these fiat-pegged tokens. Also Read: Swiss Stock Exchange Launches Trading for ETH ETP DAI Sees Significant Onchain Usage Of the established stablecoins, DAI has recorded the largest […]

The post Onchain Stablecoin Transactions Remain Low Despite Surge in Trade Volume appeared first on Bitcoin News.

Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

For many leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC trade activity surpassing $200 billion, and ETH exceeding $100 billion. Also Read: Report: Quadriga’s 6 Cold Wallets Have Been Without Funds Since April 2018 BTC Volume Surpasses $200 Billion for February February saw the highest […]

The post Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018 appeared first on Bitcoin News.

Stablecoins Dominate Currency Pairings for Leading Crypto Assets

Amidst the ongoing cryptocurrency bear market, stablecoins have continued to gain prominence, with USDT currently comprising the dominant pairing for three of the four largest cryptocurrencies by market cap.  Also Read: Localbitcoins Trade Surges in Latin America and East Asia USDT Comprises Dominant Pairing for 3 of Top 4 Cryptocurrencies by Market Cap According to Cryptocompare, […]

The post Stablecoins Dominate Currency Pairings for Leading Crypto Assets appeared first on Bitcoin News.

January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume

The first month of 2019 has seen a slight decline in 30-day trading volume across many leading markets. Bucking the trend, however, were ETH, LTC, MKR, TRX, and ZEC, all of which saw a significant spike in trade activity. Stablecoins have continued to see an increase in trade activity, with ckusd and the Gemini dollar […]

The post January Markets Report: MKR, TRX and ZEC Among Top 10 by Volume appeared first on Bitcoin News.

December Volume Report: Top Markets See Strongest Trade of H2 2018

December Volume Report: Top Markets See Strongest Trade of H2 2018The five most traded cryptocurrency markets saw an increase in volume during December, when compared with the previous month. Despite the spike in trading activity posted by the dominant markets, many crypto assets ranked below the top five saw a decline in month-over-month volume. Also Read: Report: Indian Government Updates Progress on Crypto Regulation USDT and […]

The post December Volume Report: Top Markets See Strongest Trade of H2 2018 appeared first on Bitcoin News.

USDT Volume Up Despite Tether’s Stablecoin Dominance Dropping

USDT Trade Volume Up Despite Drop in Tether's Stablecoin DominanceThe ongoing drama surrounding the opaque operations of Tether throughout 2018 has driven the proliferation of similar pegged currencies, leading to USDT’s dominance over the stablecoin markets waning. Despite this shift, USDT trade volume has risen 100 percent since tether’s dramatic decoupling from its dollar peg in October. Also Read: Buffett Bet 2.0: Asset Manager Wagers […]

The post USDT Volume Up Despite Tether’s Stablecoin Dominance Dropping appeared first on Bitcoin News.

November Volume Rankings: Bearish Momentum Drives Surge in Trade

The significant bearish momentum experienced across cryptocurrencies throughout November drove a significant increase in monthly trade volume among the leading markets. Also Read: Japan Unveils Plans to Regulate Initial Coin Offerings BTC Posts Strongest Volume Since May According to Coinmarketcap, BTC saw an increase in monthly trade activity of 43 percent in November. Nearly $156.5 billion […]

The post November Volume Rankings: Bearish Momentum Drives Surge in Trade appeared first on Bitcoin News.

Stablecoins Fetch a Premium as BTC Hits Year Low

Stablecoins Fetch a Premium as BTC Hits Year LowOfficially, Wednesday, Nov. 14 will go down as the worst trading day of the year, as BTC sunk to record lows. Unofficially, there were still green shoots to be found if you knew where to look — mostly to the stablecoin sector. These dollar-pegged assets, normally so resistant to volatility, have been trading at a […]

The post Stablecoins Fetch a Premium as BTC Hits Year Low appeared first on Bitcoin News.