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Tag: stablecoin
Paxos ordered to cease minting Binance stablecoin by New York regulator
[ad_1] Chad Cascarilla, CEO of Paxos. Adam Jeffery | CNBC Cryptocurrency firm Paxos will cease issuing new Binance USD, or BUSD, stablecoins under the direction of New York state’s financial…
Tether records surprise profit as stablecoin giant aims to put reserve controversy behind it
[ad_1] Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images Tether on Thursday published its latest quarterly financials, with the world’s…
A stablecoin collapse could spill into the U.S. bond market and economy, professor warns
[ad_1] The near $1.4 trillion collapse of the crypto market in 2022 didn’t make a dent to traditional assets like stocks or to the real economy. But one academic has…
Terra CEO Do Kwon: ‘I alone am responsible for any weaknesses’
[ad_1] Do Kwon, the founder of Terra, has given his first interview since the spectacular crash of his crypto project in May left many to lose their life savings and…
Luna plunges after arrest warrant issued for Terra’s Do Kwon
[ad_1] An arrest warrant for Do Kwon, the co-founder of the defunct stablecoin issuer Terraform Labs, which was responsible for many losing their life savings after investing in crypto, has…
Terra CEO Do Kwon gives first interview since crypto collapse
[ad_1] Do Kwon, the founder of Terra, has given his first interview since the spectacular crash of his crypto project in May left many to lose their life savings and…