Tether Discontinues EURT
Tether has recently announced that it will no longer be supporting its Euro-pegged stablecoin EURT and will cease the production of new tokens.
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Tether Launches a Tokenization Platform for Businesses
On November 14, a new platform called Hadron was introduced to simplify the process of tokenization in broader markets.
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Whales Withdraw More Than 20% of Capital from USDC
The reserves of USDT whales, which control between $100,000 and $10 million in the stablecoin, have decreased by more than 50%.
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BUSD Market Capitalization Sets a New Record
The capitalization of the stablecoin Binance USD (BUSD) has risen sharply.
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SEC Chairman Gary Gensler Thinks CFTC Should Regulate Stablecoins
Gary Gensler said in late 2021 that transactions with digital currencies should be regulated by his agency.
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New York Fed: Stablecoins Pose Risks to Financial Stability
According to a study by the Federal Reserve of New York, stablecoins add “new vulnerabilities” to the cryptocurrency market and financial stability in general.
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Bank of America: We Have Noted An Influx of Stablecoins on Exchanges
The analysts of Bank of America have not ruled out the imminent return of turbulence, as they have noted the return of stablecoins to exchanges.
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Australia Will Launch its Token in Test Mode Next Year
The Reserve Bank of Australia has promised to issue its own token in test mode by mid-2023.
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