Zimbabwe Banks to Offer Credit Products with State Digital Currency Backed by Gold
Banks in the South African country will be able to offer credit products using as collateral the newly issued state digital currency, secured by gold, announced the Zimbabwe Bankers Association. The digital money, the local central bank suggests, will eventually be used i ...
Tether Diversifies Reserves, Invests $1.5 Billion in Bitcoin: Tether’s Approach to Asset Management
The management of the operator of the largest stabelcoin Tether decided to invest in bitcoin up to 15% of net profit every month to diversify reserves. As of now, the company has already invested $1.5 billion in BTC. While many com ...
Tether Releases Q1 2023 Results, Reports $1.48 Billion Net Income
Tether, the issuer of the first capitalized USDT stabelcoin, released its results for the first quarter of 2023. According to the report, the company's net income was $1.48 billion. The company's total assets reached $81.8 billion. Of these, about $2.44 billion are claime ...
TrueUSD Denies Connection to Justin Sun Amidst Allegations of Misrepresentation
They accused Adam Cochran and Protos journalists of defamation The company is ready to defend its honor in court The TrueUSD (TUSD) stablecoin issuer denies its connection to Justin Sun. "TrueUSD never belonged to Justin Sun, a ...