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Stablecoins

Tether Executives Investigated for Bank Fraud

  • "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".

Circle Partners With Mastercard on USDC Settlement Pilot

  • The pilot program will test crypto-to-fiat conversions using USDC.
  • Mastercard will use the program to enhance its card program for cryptocurrency exchanges.

Liquid Launches Trading For Stellar USDC

  • Liquid will provide users with zero-fee Stellar USDC withdrawals.
  • The listing will provide meaningful liquidity and volume to the Stellar ecosystem, SDF CEO said.

1inch Network Launching USD-Pegged Stablecoin

  • 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 Partners With Circle to Introduce Global USD Deposits, Withdrawals

  • 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.

TrueUSD Integrates With Signature Bank

  • Signature Bank's Signet payments platform will use TUSD to settle payments.
  • The integration will increase Signet's offering to existing commercial clients.

Matrixport, Circle to Settle International Bank Transfers in USDC

  • 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.

Diem Moves Away from Switzerland, Partners With Silvergate

  • The Diem Association has withdrawn its application for a payment system license in Switzerland, and will now register as a money services business with FinCEN.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.

GMO Partners With Celsius to Offer ZUSD-Backed Loans

  • 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.

Coinbase Lists Tether’s USDT Shortly After Going Public

  • 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.