- "People with direct knowledge of the matter" told Bloomberg that Tether executives have received letters informing them of the investigation.
- The sources also revealed the Department of Justice was looking into a "conduct that occurred years ago, when Tether was in its more nascent stages".
- The pilot program will test crypto-to-fiat conversions using USDC.
- Mastercard will use the program to enhance its card program for cryptocurrency exchanges.
- Called the one1INCH token, the new stablecoin will be "minted with a blend" of the platform's native 1INCHG token and Centre's USD Coin.
- The 1 inch Foundation will be contributing $100,000 worth of 1INCH as collateral for the stablecoin, effectively increasing the demand for the token.
- Crypto.com users will be able to transfer USD from their bank accounts and receive USDC at a 1:1 ratio on their Crypto.com accounts.
- Circle will be tasked with processing, storing, and converting the funds.
- International bank transfers to Matrixport will be automatically settled in USDC.
- Matrixport will offer all new users a 30% APY welcome offer on USDC fixed income products for 21 days.
- The Diem Association has withdrawn its application for a payment system license in Switzerland, and will now register as a money services business with FinCEN.
- The association has also partnered with crypto friendly bank Silvergate, which will issue the Diem USD stablecoin and manage its reserves.
- Customers will be able to use ZUSD as collateral for crypto-backed loans.
- Celsius also plans on supporting GMO Trust's JPY-pegged stablecoin GYEN in the future.
- USDT trading on Coinbase will begin on 26 April, with the stablecoin being available in all Coinbase supported jurisdictions, except New York state.
- At launch, USDT trading will be available only to Coinbase Pro users, and the exchange will only support the ERC-20 version of the stablecoin.