What does the January 15 deadline hold for Tether, the world’s biggest stablecoinBTC $35,940 (-9.4%) • ETH $1152 (-4.8%)
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January 15 is an important date for the issuers of Tether, a USD-pegged stablecoin. But what does it mean? Tether Limited, the company behind the widely-used Tether (USDT) stablecoin, will submit several documents explaining its legality to the New York Prosecutor’s Office tomorrow, Jan. 15, before the deadline expires. It is believed to contain information about Tether’s business practices, its issuance, its supposed one-to-one peg with the US dollar, and other information regarding Tether Limited. Stablecoins are one of the biggest use-cases of cryptocurrencies. They are usually pegged on a 1:1 basis with a fiat currency (or algorithmically controlled) and are said to be backed by a certain amount of reserve at all times. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Charles Hoskinson tells Jack Dorsey that Cardano is working on a decentralized social media initiativeCharles Hoskinson, the CEO of IOHK, called on Jack Dorsey not to create a decentralized social media standard within Twitter. A $400m Ethereum address known as “0xb1” is doing a giveaway to boost DeFiIf you’ve been following DeFi on Twitter over the past few months, you likely know of the address with the prefix “0xb1.” I’ve tweeted about the address a fair bit. Staking Polkadot (DOT) just became easier for institutionsCrypto custodian Fireblocks has announced the launch of new proof-of-stake capabilities on its platform, enabling its 165 enterprise and institutional clients to stake cryptocurrencies. Alpha Alarm: The Bitcoin outlookThis analysis was brought to you by Alpha Alarm, a Substack newsletter featuring daily crypto analysis. Gemini’s crypto exchange could join Coinbase in going publicHot on the heels of Coinbase, New York-based rival crypto exchange Gemini could also be going public. The $1200 U.S. stimulus payment invested in Bitcoin in April is now worth $6,495If the recipient of a United States stimulus payment in April invested the check into Bitcoin, the check would now be worth $6,495. DeFi project CREAM surges as Yearn.finance (YFI) announces integrationDecentralized finance project Cream has been the subject of much attention in the past few weeks. Polkadot launches first parachain as DOT price surpasses $14The high-speed blockchain has garnered quite the fan following in the past year. Here’s why these 10 crypto personalities say Bitcoin is the BEST money
The debate on Bitcoin being money or not rages on. The world’s original, and current biggest, cryptocurrency was initially founded in 2009 by its pseudonymous creator Satoshi Nakamoto to replace fiat money, but price gyrations have since made it an asset class akin to “digital” gold. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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