Tether Announces to Reduce Commercial Paper Holdings by July End Amid Crypto Gloom

Tether Announces to Reduce Commercial Paper Holdings by July End Amid Crypto Gloom

ByNews Polite

Tether, the world’s largest stablecoin, said on Friday it had cut its commercial paper holdings by around 58 percent as part of an earlier commitment to reduce its exposure to riskier assets. Stablecoins — a variety of cryptocurrencies designed to keep a steady value — are in sharp focus after…

Tether Co-Founder Thinks TerraUSD Crash Could Be the End for Algorithmic Stablecoins

Tether Co-Founder Thinks TerraUSD Crash Could Be the End for Algorithmic Stablecoins

ByNews Polite

The collapse of the algorithmic stablecoin TerraUSD has raised questions about the future survival of similar crypto assets and Tether co-founder Reeve Collins believes that the UST crash could spell the end of most algorithmic stablecoins, if not all. In an interview at the World Economic Forum in Davos, Reeves…

Vitalik Buterin Shares His Take on Algorithmic Stablecoins and Their Future

Vitalik Buterin Shares His Take on Algorithmic Stablecoins and Their Future

ByNews Polite

Ethereum founder and crypto enthusiast Vitalik Buterin recently shared his two cents on algorithmic stablecoins and their future adding that they should be scrutinised on the basis of how they fare under extreme market conditions, and whether they can safely wind down when hype falls away. Despite the recent collapse…

Tether Announces to Reduce Commercial Paper Holdings by July End Amid Crypto Gloom

Tether Expands Into Latin America With Peso-Pegged Stablecoin Launch

ByNews Polite

Tether, the firm behind the most popular stablecoin linked to the US dollar, USDT, has debuted a new stablecoin pegged to the Mexican peso marking the company’s entrance into the Latin American crypto market. The company operating the blockchain-enabled platform announced that the new stablecoin would get added to Tether’s…