Key Highlights: Circle is launching cirBTC, a 1:1 wrapped Bitcoin token designed to let institutions deploy BTC across decentralized finance (DeFi) without liquidating underlying holdings. Circle’s USDC led major stablecoins with an $881 million liquidity gain over a 90-day period ending Q3, according to data from the RWA Foundation. The dual expansion of Tether’s USDT ...
Key Highlights Tether’s $USDT is set to return to the Bitcoin network through the Tether-backed Utexo project. Utexo has received a commercial license to issue $USDT on Bitcoin and plans to begin this month. Tether holds approximately 100,000 $BTC, valued at $8.4 billion, according to Bitcoin Treasuries. Tether’s $USDT prepares to return to Bitcoin Tether’s ...
Bank of England Financial Policy Committee member Carolyn Wilkins warned Tuesday that the rapid growth of dollar-denominated stablecoins could further entrench the U.S. dollar’s global dominance while creating new channels of financial volatility. Speaking at Queen’s University Belfast, Wilkins outlined how stablecoins pegged to the greenback simplify cross-border settlement, expand international access to dollar-linked assets, ...
The debate over how to represent fiat money onchain is intensifying, with Tether CEO Paolo Ardoino challenging the Bank for International Settlements’ (BIS) preference for…
Russia’s largest bank, Sberbank, is preparing to expand its cryptocurrency-backed loan products by accepting Ethereum (ETH) and Tether (USDT) as collateral alongside Bitcoin (BTC). According…