Fed Official Cautious About Unregulated Stablecoins Like USDC, USDT

In a recent revelation, Michael Barr, a vice chair for supervision at the US Federal Reserve, has voiced apprehensions over the growing influence of unregulated stablecoins pegged to the US.

Timeline of Usd-coin, Tether

Binance addresses concerns over CYBER redemption, increases loan rates and introduces risk management measures to improve user experience. Impacted users to receive share of USDT tokens and CYBER.

Krafton, the game development company renowned for its popular battle royale game PUBG: Battlegrounds, has announced plans to launch Settlus, a layer 1 blockchain utilizing the Cosmos SDK.

Paolo Ardoino, the Chief Technical Officer of Tether (CRYPTO: USDT), on Tuesday, said that the company now holds an exposure of $72.5 billion in U.S. Treasury bills. This significant holding positions Tether as one of the top 22 global buyers, surpassing countries such as the United Arab Emirates, Mexico, Australia, and Spain.

USDC stablecoin issuer Circle is likely set to make a big announcement soon following the recent revelation that US-based crypto exchange Coinbase acquired a stake in the company. The deal announcement came at a crucial time when the US lawmakers are working on a bill to regulate the stablecoin market.

The major stablecoin company Circle said it will launch its USDC stablecoin natively on two blockchains in the first week of September. The company said on Aug. 30 that it will launch USDC on Optimism's OP Mainnet.

Circle has announced an innovative cooperation with renowned e-commerce platform Mercado Libre in a strategic deal to transform the digital payments sector. Meanwhile, the collaboration will introduce the well-known stablecoin, USD Coin (USDC), to users of Mercado Libre's subsidiary Mercado Pago.

In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether (USDT), is now banking with Britannia Bank & Trust. In the past month, tether's supply has dipped by 1.3%, leaving 82.85 billion USDT in circulation.

In a strategic move towards enhancing the digital payments landscape, fintech powerhouse Circle has unveiled a groundbreaking partnership with e-commerce titan Mercado Libre on August 29th. The objective of this collaboration is to introduce the widely recognized USD Coin (USDC) stablecoin to the Mercado Pago online payment platform, a subsidiary of Mercado Libre.

Circle CEO Jeremy Allaire has announced that its USDC stablecoin will launch natively on the Base Network next week. A New Home For USDC Circle CEO Jeremy Allaire has revealed that the USDC stablecoin will soon find its native home on the Base Network, with the launch scheduled for next week.

In a strategic move that underscores the changing dynamics of the stablecoin landscape, Tether, the issuer of the world's largest USDT stablecoin, has formed an alliance with private bank Britannia Bank & Trust.