Take a fresh look at your lifestyle.

Crypto Biz: Stablecoins are serious business, Feb. 17–24

Investing.com - Financial Markets Worldwide

Please try another search

Cryptocurrency25 minutes ago (Feb 27, 2022 09:00PM ET)

Crypto Biz: Stablecoins are serious business, Feb. 17–24 © Reuters.

Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t gone down the (USDT) rabbit hole? Some of those concerns were finally quelled in May 2021 when Tether passed an assurance test by disclosing its reserves for the first time. For some onlookers, the reserve breakdown created more questions than answers due to the stablecoin issuer’s oversized exposure to commercial paper.

The stablecoin market has grown leaps and bounds over the past four years. While Tether remains firmly in the lead, Circle Internet Financial has surged through the rankings with the success of USDC Coin (USDC). TerraUSD (UST) is also a top player, having just received significant backing from major venture funds.

Circle’s valuation doubles to $9B following revised merger agreement with Concord

Luna Foundation Guard raises $1B to form UST reserve denominated in

Tether slashes commercial paper by 21% in latest reserves attestation

London Stock Exchange acquires cloud-based technology provider Tora in $325M deal

Before you go!

Continue Reading on Coin Telegraph

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More