The securities regulator doesn’t want creditors to be paid in stablecoins The US Securities and Exchange Commission (SEC) has raised concerns about FTX’s proposed payout plan for its creditors, indicating that it might take legal action to prevent certain aspects of the plan. The regulator specifically highlighted its reservations about FTX’s intention to repay creditors
The stablecoin has expanded its reach significantly over the past year Tether, the issuer of the USDT stablecoin, has recently minted an additional $1 billion worth of USDT tokens on the Tron blockchain. This latest minting event was identified earlier today when blockchain data revealed that these new tokens were sent to Tether’s treasury wallet
The company is working on new projects that will help it diversify its offerings Tether, which runs the world’s biggest stablecoin by market value, recently announced restructuring to add new divisions outside developing stablecoin. The stablecoin goliath announced on April 18 that it had established a new framework for its four new business divisions, including Tether Finance, Tether Data,
Senator attaches stablecoin legislation to a marijuana bill in hopes of pushing it through Sherrod Brown, the US Senate Banking Committee Chair, disclosed plans to combine a significant stablecoin bill with marijuana business legislation. He views it as a chance to drum up support for the stablecoin initiative without giving it a lot of exposure.
The company is exploring whether a native stablecoin can offer better protections Sony Bank, the financial arm of the Sony Group Corporation, announced it has begun researching issuing its own stablecoin pinned to fiat currencies, like the Japanese yen. The trial will occur on the Polygon blockchain in partnership with Belgium blockchain firm SettleMint. Jun
Tether isn’t happy with the UN’s portrayal of the use of the stablecoin Major stablecoin company Tether has reacted to a United Nations (UN) report spotlighting the alleged involvement of its Tether stablecoin in illegal activity. The Southeast Asia and Pacific divisions of the UN Office for Drugs and Crime (UNODC) published a report on
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