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

</header> <strong>The 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 …

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Stablecoins Are Threatened by These Two Major Issues

<strong>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.</strong> Also read: Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards Stablecoins May …

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

</header> <strong>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.</strong> 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 …

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Stablecoins Dominate Currency Pairings for Leading Crypto Assets

<strong>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. </strong> 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, …

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