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The payments firm alleges Tether froze its treasury wallet on its own initiative over a Brazilian investigation it has no connection to—and has profited from the reserves while refusing to release the funds for more than a year.
OKX brought Circle, Ripple and Standard Chartered’s venture arm onto its cap table as the crypto exchange broadens its push into stablecoin-based financial services. On Oct. 6, the exchange's Chief Executive Officer, Star Xu, confirmed that the company completed a strategic investment from Circle, Qube Research & Techn...
The Ethereum layer-2 is backing Paxos-issued USDG to earn a share of reserve income as new stablecoin alliances compete for distribution, users and reserve economics.
Paxos’ USDG stablecoin is now live on Arbitrum as the network proposes 100 million ARB in incentives to support adoption and liquidity.
Binance BTC reserves fell by nearly 40,000 coins since Sept. 20 as whales returned stablecoin capital to their exchange wallets.
OKX appears to be designing products to keep the blockchain element abstracted or out of sight for users who simply want to hold digital dollars and use a card.
