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The pound-pegged GBPT is set to join USDT, EURT, CHNT, and MXNT as Tether’s fifth stablecoin tied to a fiat currency….
Continue reading on https://decrypt.co/103583/tether-to-launch-stablecoin-pegged-to-british-pound-sterling
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The stablecoin issuer Tether, known as the company behind the world’s largest stablecoin USDT, on Wednesday announced the launch of a new stablecoin pegged to the British pound. The pound-pegged coin is called GBP₮ (GBPT), and will initially live on the Ethereum (ETH) blockchain, Tether’s announcement said. It did not specify what other blockchains might be supported later….
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Tether’s market cap has dropped by 19% since the start of May, while USDC’s has climbed by 5%….
Continue reading on https://decrypt.co/103391/tether-billions-redemptions-circle-usdc-gaining-ground
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Ethereum (ETH) co-founder Vitalik Buterin has said he is “definitely” worried about centralization risks following The Merge, the event when the current Ethereum Mainnet merges with the beacon chain proof-of-stake (PoS) system. The Ethereum mastermind noted that Lido Finance, the largest provider of staking services for Ethereum, where around a third of staked ETH (stETH) has been deposited, could theoretically disturb the Ethereum network post-Merge.
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The world’s largest NFT marketplace pushes Wyvern overboard, finding safe harbor in Seaport….
Continue reading on https://decrypt.co/103034/opensea-moves-to-seaport-protocol-to-cut-ethereum-gas-fees-by-35
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The stablecoin provider issued a statement pushing back at ‘false rumors’ that its USDT coin is largely backed by Chinese and Asian commercial paper….
Continue reading on https://decrypt.co/102994/tether-hits-back-at-rumors-regarding-its-commercial-paper-portfolio
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Tether, the company that issues the biggest USD-pegged stablecoin USDT, said that it condemns what it calls “false rumors” that its holdings include large amounts of Chinese commercial paper that supposedly trades at a discount. The company also distanced itself from Celsius (CEL) and Three Arrows Capital-related rumors. …Read More: Tether Condemns 3 ‘False Rumors’ About Its Exposure…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________…Read More: Hawkish ECB Intentions, Tether on Tezos, Osmosis Promises to Cover Losses + More News…
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