News

Tether says ‘Big Four‘ firm to handle first audit of USDT reserves

Tether has announced that it will engage a "Big Four" accounting firm to conduct its first audit of USDT reserves. This move aims to enhance transparency and bolster confidence in the stablecoin's backing. The audit will assess the company's reserves to ensure they match the amount of USDT in circulation. Tether's decision comes amid ongoing scrutiny of stablecoins and their reserve practices. The specific firm conducting the audit has not yet been disclosed.

Read the full article: Coin Telegraph

Crypto finance is beginning to look at lot more traditional, Aave and Ethena founders say

Founders of Aave and Ethena highlight a shift in the crypto finance landscape towards more traditional financial practices. They emphasize the importance of regulatory compliance and risk management as the industry matures. The integration of established financial principles is seen as essential for attracting institutional investors and ensuring long-term sustainability.

Circle stock plunges 18% as a new draft of the Clarity Act threatens stablecoin rewards

Circle's stock fell by 18% following the release of a new draft of the Clarity Act, which poses potential challenges to stablecoin rewards. The legislation aims to provide regulatory clarity for digital assets but could limit the incentives offered by stablecoin issuers. Investors are concerned that these changes

Wall Street’s crypto push has been years in the making, says Morgan Stanley

Morgan Stanley reports that Wall Street's increasing interest in cryptocurrency has been developing over several years, driven by growing institutional demand and the maturation of the crypto market. The firm highlights that major financial institutions are now more willing to engage with digital assets, offering services such as

BMO Is First Bank to Join CME's Tokenized Cash Platform on Google Cloud

BMO has become the first bank to join the CME Group's tokenized cash platform, which operates on Google Cloud. This partnership aims to enhance the efficiency and security of cash transactions in the digital asset space. The tokenized cash platform allows for real-time settlement and improved liquidity for

Read more

Crypto finance is beginning to look at lot more traditional, Aave and Ethena founders say

Circle stock plunges 18% as a new draft of the Clarity Act threatens stablecoin rewards

Wall Street’s crypto push has been years in the making, says Morgan Stanley

BMO Is First Bank to Join CME's Tokenized Cash Platform on Google Cloud