Tether’s $95 billion USDT has been dogged by questions around whether it actually holds the assets it says are backing the stablecoin. Cantor Fitzgerald’s Howard Lutnick, whose firm manages Tether assets, says it does.
U.S. monetary policy, combined with the use of economic sanctions, have forced some countries to look for alternatives to the dollar, while growth of stablecoins may have emphasized the need of the fiat currency, the bank said.
Larry Fink has been talking up a spot ether ETF, but index provider CF Benchmarks sees a conundrum when it comes to selling that product.
The news sent bitcoin tumbling early Tuesday, but the price quickly recovered.
The integration allows developers to build cross-chain use cases via Chainlink’s CCIP that involve multichain transfers of Circle’s USDC stablecoin.
The European Banking Authority’s new guidance for crypto firms will take effect on Dec. 30.
The latest price moves in crypto markets in context for Jan. 16, 2024.
Tether said it was “disappointed” that the report had singled out its stablecoin, USDT.
Manta Pacific is the native layer 2 of the Manta Network.
Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.
