Coinbase приостанавливает торговлю USDT, DAI и RAI для канадских клиентов

Coinbase прекращает поддержку Tether (USDT), DAI и RAI для своих канадских пользователей с 31 августа. Впервые об этой новости сообщил Cointelegraph со ссылкой на электронное письмо клиента, которое он рассмотрел, от 17 августа.

Timeline of Multi-collateral-dai, Rai, Tether

Based on a number of internal Analysis indicators, Tether Limited ceased supporting its flagship product USDT, the largest stablecoin, on three blockchains. Omni, the first platform USDT utilized since 2014, is also on the list.

Tether, the issuer of $82 billion market cap stablecoin USDT, has announced that it will discontinue support for three blockchains as part of a strategic transition aimed at meeting community demand and fostering innovation.

Tether, the prominent stablecoin issuer, has unveiled a strategic shift in its support for various blockchains. Starting August 17, 2023, Tether will cease the issuance of USDT on Polkadot's Kusama test chain, Bitcoin's Omni Layer, and Bitcoin Cash's SLP implementation.

Tether, the issuer of the world's largest stablecoin, USDT, is breaking all records in 2023. In its Q1 assurance report, Tether gained an all-time high reserve surplus of $2.44 billion, and a net profit of $1.48 billion This raised many eyebrows because the world's largest asset manager, BlackRock, had only $1.

The market cap of MakerDAO decentralized stablecoin DAI has increased by almost $1 billion in the last seven days after the DeFi protocol introduced an increased interest rate to attract more users.

Circle Internet Financial (CRYPTO: USDC) is relying on its substantial cash reserve of more than $1 billion to navigate the increasing challenges posed by non-crypto entities such as PayPal Holdings Inc (CRYPTO: PUSD) The company wants to reverse the dwindling market share of its stablecoin, which ranks second in the market. Since the start of the year, the circulation of Circle's USD Coin has sharply decreased from $45 billion to approximately $26 billion, and in contrast, Tether, the leading stablecoin, has seen growth in the same timeframe.

Tether CTO Paolo Ardoino says that PayPal's newly launched stablecoin PYUSD could hurt USDT‘s US competition. In a new interview with Benzinga, Ardoino says that he doesn't view PYUSD as competition for Tether, but rather, he views it as a challenge for competitors like Circle's USD Coin (USDC).

Key Points: The founder of MakerDAO has put forth a significant proposal aimed at altering the Enhanced Dai Savings Rate. The proposal would see a reduction in the rate from the current 8% to a new rate of 5%, signaling a potentially impactful shift in the dynamics of the platform.

PayPal and Paxos dominated the news cycle on Monday with the announcement of the launch of the PayPal (PYUSD) stablecoin, but concerns have been raised about the possibility of user assets being frozen in their wallets, as is the case with USDT. Crypto Community Adverse to Paxos Wallet Freeze Feature The PYUSD stablecoin issued by Paxos has a condition that is not too welcomed by the crypto community, which has dulled the initial excitement for the launch of the PayPal stablecoin.

Paolo Ardoino, CTO of Tether (USDT), said in an Aug. 8 statement shared with CryptoSlate that he welcomed PayPal's entrance into the stablecoin industry. Ardoino said PayPal's foray into the field would enhance the overall growth of the ecosystem as it would drive competing firms to develop solutions that would further boost adoption and innovation.