MakerDAO, the organization behind the DAI stablecoin, has purchased $700 million worth of U.S. Treasury bonds, bringing the DAO’s total Treasury bond holdings to $1.2 billion. The MakerDAO community had already held the preliminary vote to increase its U.S. Treasury bond holdings from $500 million to $1.25 billion in March. The proposal passed with 77.13%…
Powell says stablecoins are a ‘form of money’ that central banks should supervise
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NYAG releases documents detailing Tether’s exposure to Chinese securities in 2021
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Tether CTO calls USDT depeg ‘good stress test’ for company
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Coinbase doubles USDC rewards to 4% amid SEC scrutiny on staking services
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Tether stops fighting freedom of information request, allows disclosure of reserve data
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Crypto traders scramble for arbitrage as Tether’s USDT strays from dollar peg
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Digital Assets hearing latest – sufficiently decentralized tokens may still avoid security label
The House Financial Services hearing on “The Future of Digital Assets” contained a wealth of information on the potential future of the digital asset space in the United States. Following the recent SEC lawsuits against Binance and Coinbase, the industry has feared for the future of web3 within the U.S. due to the listing of…
TUSD regains $1 parity after three-day depeg
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Australian payments firm Novatti expands its AUDD stablecoin to XRP Ledger
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