Tag: stable coins

LUNA stablecoin returns to the ‘top 100’ after a 300% increase in the week

LUNA stablecoin returns to the ‘top 100’ after a 300% increase in the week

Call now TerraClassicUSD (USTC)the stablecoin linked to the LUNA ecosystem increased in value 300% in just 4 days and reappeared among the 100 largest cryptocurrencies on the market. All the Earth (LUNA) and the TerraClassic (LUNC) rose 19% It is 58%respectively in the same period. The main reason for the increase would be the developers’ […]

Tether freezes R$1.1 billion linked to human trafficking syndicate

Tether freezes R$1.1 billion linked to human trafficking syndicate

a Tetherthe company issuing the USDT stablecoin reported doing so frozen 225 million USDT this Monday (20). Equal to R$1.1 billionthe amount is said to be linked to an international human trafficking syndicate in Southeast Asia. The operation was a joint effort with the broker OKX It’s like United States Department of Justice (DoJ). This […]

BIS warns about stablecoins: “no issuer can honor withdrawals”

BIS warns about stablecoins: “no issuer can honor withdrawals”

The Bank for International Settlements (BIS) published a 29-page report on stablecoins last week. The BIS is known as the “Central Bank of Central Banks” and warns about the dangers of this asset class. As a highlight, the organization mentions that there is no guarantee that stablecoin issuers will be able to honor refund requests […]