The world’s second-largest stablecoin issuer wants to reduce its exposure to potential United States debt defaults.
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Tether has $1.5B in Bitcoin reserves: BDO Italia
The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.
Read moreAvalanche Remains Under Pressure Despite Circle’s CCTP Effort
The native currency of Avalanche, AVAX, remains under pressure despite Circle’s effort to launch a facility that will enable the direct transfer of USDC between Ethereum
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Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche
The new protocol burns coins on the sending chain, and mints new ones on the receiving chain.
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Circle CEO blames US crypto crackdown for declining USDC market cap
The market cap of USDC, a stablecoin issued by Circle, has reduced nearly by half over the past six months following a regulatory crackdown and
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Coinbase Head Of Exchange Exits The Platform
What- Vishal Gupta, Coinbase’s Head of Exchange, exits the platform Why- Gupta’s departure comes amid legal and regulatory scrutiny at Coinbase What Next- The Head
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