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Nikolai Storonsky, CEO of Revolut Ltd., speaks in an interview with Bloomberg TV…(+) on Thursday, August 1, 2019 in London, UK. Revolut has also expanded into stock trading, allowing customers to buy and sell stocks. Sell US stocks. Photographer: Luke McGregor/Bloomberg© 2019 Bloomberg Finance LP Stablecoins are already big business. Over $150 billion worth of Tether (USDT), Circle (USDC USDC ), and other fiat-backed tokens (at least in theory) are held by people around the world, and the amount is growing. I am. Now, Revolut plans to join companies like PayPal with its own stablecoin. Who distributes stablecoins? According to…
development of ukIn the UK, the regulatory approach continues to evolve. The UK Treasury (HMT) initially supported the idea that stablecoins would be regulated through a money market fund (MMF) model. Meanwhile, the Bank of England (BoE) advocated a deposit backed (DB) model for commercial banks (a response to this was published in March 2022 in a discussion paper on new forms of digital money). The latter approach is similar to the backing model used by e-money companies, but requires enhanced safeguards and additional prudential conditions.The Financial Policy Committee (FPC) raised concerns about the DB model in its March 2022…
Tether (USDT), the largest stablecoin, continues to record numbers. On the one hand, the circulating supply on the TON crypto network exceeds $1 billion, and on the other hand, its total market capitalization exceeds $118 billion. Record number of stablecoins USDT on Tether and crypto network TON According to Token Terminal data, the circulating supply of the version of Tether (USDT) running on the Open Network (TON) is over $1 billion. Specifically, this increase highlights the continued dominance of USDT among stablecoins pegged to the US dollar and the growing popularity of the TON chain. In fact, the Tether-TON collaboration…
In today’s market, where volatility is high and prices are constantly correcting, finding a cryptocurrency that’s worth 100x can seem like a difficult task. However, pre-sale tokens like Rollblock offer great promise. Judging by its recent performance, Rollblock is likely to become the next 100x cryptocurrency. The project has already raised nearly $3.5 million from the public, and the token has risen 160% since the start of presale. This article explains why Polygon and Litecoin holders are joining this pioneering crypto project. POL Binance listing and subsequent cruel corrections Polygons are changing. The project recently rebranded its token from MATIC…
As the cryptocurrency industry tries to regain its footing after the collapse of FTX in late 2022, digital asset trading remains scattered across a global fleet of exchanges, from publicly traded companies such as Coinbase to decentralized applications such as Uniswap. are. On Wednesday, a new exchange joined the ranks as TrueX emerged from stealth after more than a year in development. Founded by Vishal Gupta, previously head of exchanges at Coinbase and head of USDC at Circle, and Patrick McCreary, a Coinbase engineer, TrueX is different by building trading and payments around stablecoins. approach is adopted. “We just rethought…
As digital currencies reshape the financial landscape, stablecoins are emerging as pivotal players.Chicago, Illinois – December 19, 2017, Chicago, Illinois. (Photo by Scott Olson/Getty Images)Getty Images Earlier this month, Castle Island Ventures partnered with Brevan Howard Digital and Artemis to produce an in-depth report on stablecoins sponsored by Visa. Based on their findings, “there are currently more than $160 billion in stablecoins in circulation, up from single-digit billions in 2020.” The report claims that stablecoin use cases are on the rise, stating that “emerging markets are accelerating the adoption of stablecoins for payments, currency substitution, and access to high-quality yields.…
According to Token Terminal, USDT’s market share has increased from 55% to 75% in the past two years.The supply of Tether-issued stablecoins increased from $65 billion to $118 billion as major rivals struggled.Tether’s USDT, the largest stablecoin, has not only grown in size but also strengthened its dominant position, now accounting for almost 75% of the stablecoin market value. That’s up from 55% two years ago, data from blockchain data analytics platform Token Terminal shows.According to Token Terminal, the supply of USDT has nearly doubled over this period, growing from approximately $65 billion to $118.6 billion of the $160 billion…
Fireblocks’ digital asset infrastructure and Chainlink provide an end-to-end technology solution for financial institutions looking to issue and trade regulated stablecoins, establishing a new industry standard for stablecoin issuance. Masu. Chainlink, the primary developer of Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain, and Chainlink, the essential infrastructure for the tokenized asset economy Labs announces a strategic partnership to deliver secure and compliant technology solutions. It allows banks and financial institutions to issue and trade stablecoins across global financial markets. Earlier this year, Wenia, part of Bancolombia Group, used both Fireblocks and Chainlink…
Justin Bons, founder and CIO of Cyber Capital, issued a scathing attack on Tether. In a series of X posts, he said USDT was involved in a $118 billion fraud and criticized the company for not providing evidence of its reserves and not having been formally audited since its inception. 1/17) Tether is a $118 billion scam. Bigger than FTX and Bernie Madoff combined!There is no proof of reserves and it has never been audited. USDT is printing counterfeit banknotes (fraud)Arrested for falsifying documents, concealing identity, and lying about reservesStop using USDT now. 🧵— Justin Bons (@Justin_Bons) September 14, 2024…
Litecoin achieves development milestone. IntelMarkets’ Route X21 gets spotlight from XRP Grayscale newsIn today’s cryptocurrency news, Litecoin (LTC) is quietly making a big power play. While the world was focused on Ripple (XRP) grayscale news, Litecoin’s hashrate soared to unprecedented heights, demonstrating newfound strength and security. But that wasn’t all. IntelMarkets (INTL) made headlines with its groundbreaking Route X21 protocol, which promises to revolutionize DeFi security. Let’s take a closer look at these trends. Litecoin hashrate soars: new milestone The Litecoin (LTC) network recently witnessed a groundbreaking development of its own. Litecoin (LTC) claims to process 1 quadrillion hashes per…