stablecoin Archives - New Money Review

Tag: stablecoin

Tether’s accountant waves red flag

May 21, 2022 Comments are Disabled

The language used by Tether’s accountant in the latest quarterly attestation report suggests it’s worried about the future existence of the stablecoin. Tether has since undergone a sharp contraction since […]

Tether tremors sink crypto

May 12, 2022 Comments are Disabled

Contagion from the stablecoin collapse that started on Monday with Terra is now affecting the largest dollar token, Tether, hitting the broader cryptocurrency markets. At 07.00 UTC on Thursday 12 […]

Fed says stablecoin risks are growing

November 9, 2021 Comments are Disabled

The US central bank has warned of growing risks in the stablecoin sector. In its half-yearly Financial Stability report, released yesterday, the Federal Reserve said that stablecoins pose a growing […]

A 400-year-old stablecoin (and why it failed)

October 21, 2021 Comments are Disabled

Stablecoins—digital currencies pegged to existing money, like the dollar, euro, pound or gold—are the hottest topic in finance. From crypto-market dollars like Tether and Circle to Facebook’s Diem project and […]

Tether dominates bitcoin trading

October 11, 2021 Comments are Disabled

How much bitcoin trading takes place in ‘real money’? Not much. Most is hermetically sealed within the crypto ecosystem. Over two thirds of all bitcoin trading activity takes place in […]

Diem could slash dollar payment costs

May 14, 2021 Comments are Disabled

Diem, the Facebook-sponsored digital currency, could be highly disruptive to the US dollar payments infrastructure, say analysts at Bank of America Merrill Lynch (BAML). Earlier this week Diem said it […]

Facebook’s $ stablecoin to target multi-trillion MMF sector

May 13, 2021 Comments are Disabled

Tech giant Facebook is targeting a multi-trillion dollar pool of money market fund assets as it seeks to launch its new digital currency, Diem, in the US. Yesterday Facebook announced […]