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Topic: Stablecoins and Blacklists (Read 1120 times)

legendary
Activity: 1694
Merit: 4213
March 06, 2024, 07:05:22 AM
#57
https://www.ibtimes.com/tether-blacklists-4-usdt-wallets-1-20-million-balance-3726396
Tether Blacklists 4 USDT Wallets, 1 With A 20 Million Balance
"Two of the wallets blacklisted Tuesday each had a USDT balance of $500,000
Tether blacklisted 28 wallets in December that allegedly "received billions" in USDT
It voluntarily froze around $225 million in USDT in a November collaborative operation with the DOJ"

Tether Introduces New Policy to Strengthen Ecosystem Security
https://tether.to/en/tether-introduces-new-policy-to-strengthen-ecosystem-security/
"In December 2023, the company announced that it was introducing a new policy according to which it would freeze all wallets included in the US Treasury sanctions list."
legendary
Activity: 1694
Merit: 4213
November 15, 2023, 10:53:04 AM
#56
"There will be six new changes to the USDC and EURC smart contracts and they’ll be implemented through a single v2.2 upgrade for each supported EVM blockchain. The upgrade is fully backwards-compatible, does not introduce any breaking changes to existing integrations, and requires no action from developers or users. All code changes have been audited by Halborn, a leading third-party blockchain security firm.1

Here are the details on the improvements we’re making:"
https://www.circle.com/blog/announcing-usdc-v2.2
legendary
Activity: 1694
Merit: 4213
September 07, 2023, 07:11:35 AM
#55
https://twitter.com/paoloardoino/status/1698943028541419795
"While @Tether_to reached 72.5B exposure in US t-bills, being top 22 buyer globally, above United Arab Emirates, Mexico, Australia, Spain, ...

$USDt is the most used stablecoin in the world, with a huge focus on emerging markets. For many of these communities USDt is a lifeline to protect themselves and their families from the insane inflation of their national currencies."


https://twitter.com/WallStreetSilv/status/1698593300410708011
"China's ownership of US Treasury debt is down almost $481B from peak levels. The rate of selling is accelerating.

For many years the experts always doubted that China would dump our debt because of the impact on their own economy and currency.   

You can see how the line is steepening. China is getting out of US debt and buying Gold instead."
legendary
Activity: 1694
Merit: 4213
May 18, 2023, 08:05:18 AM
#54
https://tether.to/en/record-profits-reserve-surpluses-and-usdt-at-all-time-highs-a-look-at-tethers-q1-attestation/

"US Treasury Holdings at All-Time Highs

Over the course of 2022, Tether reduced its commercial paper holdings to zero and began purchasing US Treasuries for Tether’s reserves. As of Q1, Tether’s treasury direct holdings reached an all-time high of over $53 billion representing more than 64% of total reserves. In fact, if you were to rank all of the world's countries in order of how many US Treasuries they own, Tether would be just under Mexico.
Bank Deposits Reduced by Over 90%

Tether reduced its bank deposits from $5.3 billion to $481 million in Q1.

100% of All New Issuance Reserved by US Treasuries & Overnight Repo"

__

I am very scared for Tether. Almost all collateral is US bonds, gold and bitcoin less than 6%.

legendary
Activity: 1638
Merit: 1577
Binance #SWGT and CERTIK Audited
February 11, 2023, 01:05:46 PM
#53
Billions Of Tether’s Reserves Were Stored At Cantor Fitzgerald, Capital Union And Ansbacher
The world’s largest stablecoin moved a massive share of its reserves to Capital Union Bank after settling with New York regulators over claims that it had falsely misrepresented its assets.
https://www.forbes.com/sites/davidjeans/2023/02/10/tether-reserves-cantor-capital-union-ansbacher/?sh=508f97354928
legendary
Activity: 1694
Merit: 4213
February 09, 2023, 12:15:07 PM
#52
https://www.theblock.co/post/210023/tether-reports-700-million-q4-net-profit-in-latest-attestation-report
Tether reports $700 million Q4 net profit in latest attestation report
Tether issued its latest attestation report, saying its assets exceeded its liabilities as of December 2022.
The company said it had a net profit of $700 million in Q4 — which it says is additional to its reserves.
legendary
Activity: 1694
Merit: 4213
February 03, 2023, 11:25:57 AM
#51
https://www.foxbusiness.com/markets/unusual-crew-behind-tether-cryptos-eminent-stablecoin
The unusual crew behind Tether, crypto’s pre-eminent stablecoin
"The stablecoin has become a lucrative business at center of crypto economy
Tether Holdings Ltd. operates a $68 billion stablecoin at the heart of crypto’s alternative financial universe. Far more tether trades each day than bitcoin."
newbie
Activity: 98
Merit: 0
January 30, 2023, 11:29:08 AM
#50
It's actually so unfortunate that this could happen without any reason whether genuine or not. I want to believe that issues pertaining to blocking of funds are for transactions involving huge sum of money, because it will not be nice to have my little earnings blocked for no reason. We all need to be careful especially when using tether to avoid issues of this nature.
legendary
Activity: 1638
Merit: 1577
Binance #SWGT and CERTIK Audited
January 30, 2023, 06:40:49 AM
#49
Tether is first cryptocurrency to take a stand with INHOPE against CSAM January 26th, 2023 — Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, announced today that they will collaborate with INHOPE, the leading global network combatting online Child Sexual Abuse Material (CSAM).Tether will work with INHOPE to share information, facilitate conversations between stakeholders, and take action to drive bad actors out of the crypto ecosystem. Tether is the first cryptocurrency to take a stand with INHOPE against CSAM.
Tether, INHOPE Collaborate to Combat CSAM in Web3

legendary
Activity: 1694
Merit: 4213
January 20, 2023, 08:09:26 AM
#48
USD₮ vs USDC
https://tether.to/en/understanding-transfer-volumes-and-why-usdt-remains-on-top/
Looking at this question from a different angle, we can compare the number of unique holders of each coin on their top three chains.

USD₮ has 16,640,097 unique holders on Tron
USD₮ has 3,993,999 unique holders on Ethereum
USD₮ has 449,981 unique holders on Solana
USDC has 1,215,427 unique holders on Polygon
USDC has 1,584,336 unique holders on Ethereum
USDC has 1,430,039 unique holders on Solana
Based on this it's apparent that USD₮ has more unique holders on Ethereum alone than USDC has across Polygon, Solana, and Ethereum, and USD₮ has 4x this number of holders on Tron!
legendary
Activity: 1694
Merit: 4213
January 18, 2023, 10:03:48 AM
#47
https://www.circle.com/blog/circle-releases-first-annual-state-of-the-usdc-economy
Circle Releases First Annual “State of the USDC Economy” Report
"Dollar Digital Currencies Are Driving the Next Evolution of Money, Payments, and Finance
Ten years ago, I co-founded Circle with the vision that traditional money could be brought natively onto the internet in the form of digital currency and made available on open, interoperable, global networks. Ushering in a world of frictionless value exchange that mirrored the frictionless information exchange and communications that marked the first decades of the internet has animated Circle’s work ever since."
legendary
Activity: 1694
Merit: 4213
January 11, 2023, 09:56:55 AM
#46
https://medium.com/e-money-com/eeur-stablecoin-unwind-cf945820fb3f
EEUR Stablecoin Unwind
e-Money A/S has decided to cease issuance of its EUR backed stablecoin (EEUR)
The issuance stop is effective as of January 9th, 2023. Under the terms and conditions (available at https://e-money.com/legal), e-Money will support redemption until March 6th, 2023, after which further redemption will assessed case by case.
legendary
Activity: 1638
Merit: 1577
Binance #SWGT and CERTIK Audited
January 10, 2023, 08:50:22 AM
#45
Circle's most recent attestation report shows 30% of USDC's reserves – or $12.79 billion – are invested in its government money market fund, the Circle Reserve Fund, managed by BlackRock. This is up from 0% in October.
https://twitter.com/jp_koning/status/1612087428369498112?




legendary
Activity: 1694
Merit: 4213
January 04, 2023, 07:16:44 AM
#44
https://academy.binance.com/en/articles/what-is-busd
What Is BUSD?
Updated Dec 28, 2022
BUSD is a regulated, fiat-backed stablecoin pegged to the U.S. dollar. For every unit of BUSD, there is one U.S. dollar held in reserve. In other words, the supply of BUSD is pegged to the U.S. dollar at a 1:1 ratio. Holders can swap their tokens for fiat and vice versa. Paxos, the token’s issuer, releases monthly attestations of BUSD’s reserves.
legendary
Activity: 1694
Merit: 4213
December 14, 2022, 10:20:59 AM
#43
https://tether.to/en/tether-addresses-fud-around-secured-loans-reveals-plans-to-reduce-these-to-zero-in-2023/
"Understandably, after the events that have unfolded this year, the company recognizes that it is mission critical to restore faith in the market. Today, in addition to dismissing the recent cycle of Tether FUD that’s hitting the rumor mill, Tether is announcing starting from now, throughout 2023, it will reduce secured loans in Tether’s reserves to zero."
legendary
Activity: 1694
Merit: 4213
November 23, 2022, 10:14:48 AM
#42
https://www.theblock.co/post/189140/curve-releases-whitepaper-and-official-code-for-its-stablecoin
"Curve releases whitepaper and official code for its stablecoin

The official code and whitepaper of Curve Finance’s stablecoin called crvUSD has been released.
The overcollaterized stablecoin will rely on a algorithm called Lending-Liquidating AMM (LLAMMA)."
legendary
Activity: 1694
Merit: 4213
November 11, 2022, 09:58:43 AM
#41
https://tether.to/en/tether-proves-resilience-of-reserves-in-latest-attestation/
Tether Proves Resilience of Reserves in Latest Attestation

"You can read the latest assurance opinion and the Consolidated Reserves Report: https://assets.ctfassets.net/vyse88cgwfbl/1Xfu4398CIoMiuKjPhvnHM/6d1608c90bb775d2d432b7b24264da28/ESO.02_Std_ISAE_3000R_Opinion_30-9-2022_RC134792022BD0548.pdf
The Management of the Company asserts the following as of 30 September 2022:

The Group’s consolidated total assets amount to at least US$ 68,061,618,458.

The Group’s consolidated total liabilities amount to US$ 67,811,510,720, of which US$67,805,112,981 relates to digital tokens issued.

The Group’s consolidated assets exceed its consolidated liabilities."
legendary
Activity: 1694
Merit: 4213
November 09, 2022, 10:24:58 AM
#40
https://www.circle.com/en/pressroom/circle-to-bring-euro-coin-and-cross-chain-transfer-protocol-to-solana-in-early-2023

Circle to Bring Euro Coin and Cross-Chain Transfer Protocol to Solana in Early 2023
"LISBON, BOSTON, November 6, 2022 — On stage at Solana Breakpoint today, Circle, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin, announced plans to expand native support of Euro Coin and access to their new permissionless cross-chain infrastructure, Cross-Chain Transfer Protocol, on Solana in the first half of 2023. The announcement marks the company’s first in a series of intended commitments to provide expanded support for both initiatives since their respective launch announcements in June and September. "
legendary
Activity: 1694
Merit: 4213
November 04, 2022, 06:37:15 AM
#39
https://www.coindesk.com/policy/2022/10/31/us-tether-bank-fraud-investigation-changes-hands-within-the-doj-report/
US Tether Bank Fraud Investigation Changes Hands Within the DOJ: Report
"The U.S. Attorney’s Office for the Southern District of New York will now be handling the investigation, Bloomberg reported Monday.
A criminal investigation into whether Tether’s executives committed bank fraud in the early days of the stablecoin issuer’s existence has been reassigned after months of stagnation, according to Bloomberg.
The Department of Justice’s (DOJ) probe will now be led by U.S. Attorney Damian Williams in the Southern District of New York (SDNY), Bloomberg said, citing people familiar with the matter."
legendary
Activity: 1694
Merit: 4213
October 26, 2022, 10:37:20 AM
#38
https://twitter.com/justinsuntron/status/1580091236916289538?
"Dominica 🇩🇲 is the first country in the world to designate blockchain as their national infrastructure and it is #TRON. I changed my name ticker into Dominica 🇩🇲flag. I may suggest to move
@HuobiGlobal
 exchange to Dominica as the national exchange 😎"

Dominica Selects TRON as its National Blockchain to Issue the Country's Official Coin
https://www.benzinga.com/content/29229647/dominica-selects-tron-as-its-national-blockchain-to-issue-the-countrys-official-coin
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