Category : Tether

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Stablecoins Are The ‘Disney Dollars’ of Crypto

ibestico
Companies and exchanges are jumping on the stablecoin bandwagon — but just how promising is this concept and doesn’t it go completely against everything Bitcoin stands for?  Dollar-Pegged Money is Nothing New Disneyland’s first president, Jack Lindquist, introduced the in-house currency called Disney Dollars in 1987. These paper notes featured pictures of Mickey Mouse and other popular Disney characters. They were
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Tether Burns Half a Billion USDT Coins in an Act of Redemption

ibestico
In their recent blog post, Tether, the parent company of a USDT stablecoin, announced a token burn that will permanently eliminate 500 million units. Yesterday, the company announced that the burning process had been completed. Tether has just destroyed 500M USDt from the Tether treasury wallet with the following tx: https://t.co/HTG52LaRVh For more information see the announcement here: https://t.co/McLTCGzmJi —
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Tether Intentionally Obliterates 500 Million USDT

ibestico
Yesterday Tether quietly took 500 million USDT out of circulation, then promptly destroyed them. Tether Supply Shrinks By $500 USDT Yesterday the stablecoin saga took a new twist as Tether Limited, the company responsible for minting and distributing the USD-pegged ‘stablecoin’ Tether (USDT) 00, removed 500 million USDT from circulation and destroyed them. Blockchain data from OmniExplorer.info shows that Tether
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Unrest Over Tether Instability Causing Outflow into Bitcoin

ibestico
As fear, uncertainty, and doubt (FUD) surrounding leading stablecoin cryptocurrency Tether mounts, capital has begun to flow out of Tether and into Bitcoin and other competiting stablecoins, according to a new report. Diar: Trading Flows from Tether to Bitcoin Due to Continued FUD Cryptocurrency market research firm Diar has, in their latest research report, put a spotlight on the ongoing
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Circle & Coinbase Partner Up For a Better Stablecoin, But There’s a Catch

ibestico
Circle and Coinbase, two of the largest and most popular cryptocurrency companies, are partnering to improve the stablecoin concept, but there’s a catch.  The CENTRE Consortium for a Better Stablecoin On Tuesday, both companies announced the CENTRE Consortium, a joint venture that aims to speed up adoption of cryptocurrencies backed by actual fiat currencies like US dollars. In May, Circle launched its own