United Texas Bank CEO proposes to allow only banks to issue stablecoins

Aug 21, 2022

United Texas Bank CEO proposes to allow only banks to issue stablecoins

Scott Beck noted that if assets are considered “money,” then banks will become the proper economic entity to issue and manage them

HUSD developers explained the reason for the loss of the peg of the stablecoin to the dollar

Aug 20, 2022

HUSD developers explained the reason for the loss of the peg of the stablecoin to the dollar

The team reported that the loss of parity was caused by the closure of market maker accounts in some regions

Independent Tether audit reveals 58% decrease in commercial paper holdings

Aug 20, 2022

Independent Tether audit reveals 58% decrease in commercial paper holdings

According to the report, the issuer’s total assets exceed its consolidated liabilities and total $66,4 billion and $66,2 billion, respectively

Tether to begin issuing monthly reports on USDT reserves

Aug 19, 2022

Tether to begin issuing monthly reports on USDT reserves

To this end, the stablecoin issuer brought in specialists from BDO Italia as a replacement for MHA Cayman employees

Bitcoin lead developer’s departure and the banks’ connection to the digital ruble.  Main events of the week

Aug 19, 2022

Bitcoin lead developer’s departure and the banks’ connection to the digital ruble. Main events of the week

The most important industry news and detailed analysis of the cryptocurrency market in GetBlock Magazine's weekly review

HUSD stablecoin lost its peg to the dollar

Aug 18, 2022

HUSD stablecoin lost its peg to the dollar

The rate of the stablecoin of crypto exchange Huobi fell to $0,91

Record 2,37 billion USDT transferred to Binance in one transaction

Aug 18, 2022

Record 2,37 billion USDT transferred to Binance in one transaction

It is unknown who sent these stablecoins to the exchange and for what purpose

VanEck analyst reports the transfer of $1 billion by investors from USDC to USDT in a month

Aug 16, 2022

VanEck analyst reports the transfer of $1 billion by investors from USDC to USDT in a month

The total market capitalization of Tether's stablecoin rose from $65,95 billion to $67,43 billion

Acala’s stablecoin falls by 95% as a result of an exploit

Aug 15, 2022

Acala’s stablecoin falls by 95% as a result of an exploit

Through a vulnerability of the liquidity pool, attackers were able to issue more than 1,2 billion aUSD

Bybit will raffle $5000 in USDT as part of the launch of the GrabPic NFT marketplace

Aug 13, 2022

Bybit will raffle $5000 in USDT as part of the launch of the GrabPic NFT marketplace

Customers of the new platform will be able to buy non-fungible tokens with no fee and then resell them on other platforms

MakerDAO co-founder proposes to exclude USDC from DAI reserves

Aug 12, 2022

MakerDAO co-founder proposes to exclude USDC from DAI reserves

Rune Christensen’s initiative is designed to eliminate the risk of asset freezing after the Tornado Cash mixer was put on the US sanctions list

Santiment: supply of USDT on exchanges increased by 22% in three months

Aug 10, 2022

Santiment: supply of USDT on exchanges increased by 22% in three months

According to the company’s analysts, this can be a sign of “a 2-year high in buying power”