A Russian stablecoin? Yes, you read that right! Bank of Russia stablecoins experiments are currently underway in a regulatory sandbox for performance testing. The Central Bank of Russia says such a coin is being developed to counter similar developments from other countries especially China. However, the bank has clarified that a Russian stablecoin will not be used for retail payments or be a substitute for the country’s fiat currency in the long run.
Another $30M of USDT has been minted at Tether Treasury and will be entering the market shortly, potentially pushing the price upward.
The founder of Messari accuses Ripple, Ethereum, Binance and other top ten crypto teams of low transparency level and urges them to deal with that issue, CZ responds
Tether transfers 12M USDT to Binance as numerous large amount of fund seem to be moving through the stablecoin.
Tether became a sponsor of the new Omni 0.7.0 protocol, which includes some important updates, such as accelerated transactions and the updated dex mechanism
If you were having problems getting your head around this case, this is a good and useful summary. Plus — iFinex’s response!
Tether, the stablecoin operator behind USDT, funded the development of the new version of Bitcoin tokenization layer Omni.
New statistics on-chain activity analysis reveals that one hundred and nineteen addresses mostly control tether supply, missing the whole point of decentralization by definition.
DiaryCoin – Tether Announce CNHT; Their New Yuan-backed Stablecoin
Despite crypto markets seeing the addition of numerous stablecoins, Tether (USDT) continues to maintain its superiority. Tether still ruling stablecoins despite various hurdles Tether still accounts for over 97 percent of the total market share of stablecoins.
Despite Griffin’s false bravado in recent aggressive statements to the media, the authors demonstrate a fundamental lack of understanding of the cryptocurrency marketplace and the demand that drives Tether token purchases.
This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom.119 Pages Last revised: 5 Nov 2019