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USD3: New Stablecoin Aims for Developer-Friendly Transactions

Jack Jia, a former Consensys employee and the founder of Stable.com, has introduced USD3, a new stablecoin focused on payments, despite the current absence of a regulatory framework and market uncertainty. USD3 is designed as a 1:1 backed stablecoin and aims to serve as an extension of the U.S. dollar for global commerce and Web3. … Read more

Tether Freezes $5.2 Million in USDT Connected to Phishing Scams

On May 14, Tether, a leading stablecoin issuer, froze $5.2 million in USDT linked to phishing scams. These funds were held in 12 Ethereum wallets tagged as “USDT Banned Address.”  SlowMist’s chief security officer indicated that these addresses were used to launder money from phishing scams, without providing further details. Tether, the world’s largest stablecoin … Read more

Beware! TON Phishing Scam Targets Users with Fake 5,000 USDT Offer

Slow Mist founder recently disclosed a concerning revelation about a new phishing scam exploiting the Telegram Open Network (TON) transfer mechanism to trick users into receiving apparently low-cost USDT tokens. The scam operates by disseminating deceptive messages on the TON blockchain, falsely suggesting the receipt of substantial amounts of USDT, such as “Received +5,000 USDT.” … Read more

Pike Finance Clarifies Statement on ‘USDC Vulnerability’ Amid $1.6M Exploit

The decentralized finance (DeFi) protocol Pike has clarified its previous statement regarding a vulnerability found in USDC Coin (USDC). The explanation follows the April 30 $1.6 million exploit on the platform. On May 1, Pike made a notice indicating that the attack was connected to a weakness on USDC and that USDC’s product offerings had … Read more

Stablecoins Surge: How USDT & USDC Fueled the Rise

In April, stablecoins broke with the general market downturn and went on a seven-month run of gains. According to the CCData research, the industry grew by 4.76%, increasing its market capitalization to $158 billion. Stablecoins have gained $27.1 billion year-to-date (YTD). Stablecoin market domination increased to 6.30% from 5.43% in March as a result of … Read more

The main stablecoin of Binance is branching out to other platforms

Because DUSD is almost solely utilized as a trading pair on Binance, it has grown to become the fourth-largest stablecoin by market capitalization. In spite of this, the stablecoin’s dearth of further use cases has kept it comparatively unknown. But that could soon change. The Hong Kong-based stablecoin issuer has big hopes for its stablecoin’s … Read more

Crypto Whales At CoinPoker Place a $300,000 USDT Bet on an Absurd Hand of Poker

This past weekend, on the CoinPoker website, celebrity poker player Antanas “Tony G” Guoga defeated an anonymous whale in a high-stakes 1000/2000 game to win a sum slightly over $300,000. The game was played as a part of the 41 tournaments that make up the Crypto Series of Poker (CSOP), which is offering $1 million … Read more

Venezuela Sees Sanctions Avoided by Using Tether: Reuters

According to Reuters, PDVSA is attempting to increase the amount of USDT it uses as a hedge against having its foreign bank accounts seized. The biggest stablecoin based on the US dollar is called Tether. According to Reuters, PDVSA obfuscates the on-chain trace by exchanging cryptocurrency through middlemen. As a means of avoiding the dollar, … Read more

TON is now the 11th largest Blockchain for Tether, with $60 Million USDT already issued

Since merging with the blockchain on April 19, Tether, the largest stablecoin issuer in the world, has quickly gained traction on The Open Network (TON), releasing $60 million worth of USDT. As a result, TON becomes the eleventh blockchain to host Tether, increasing its accessibility and providing consumers with more choices. Tether Gold (XAUT) was … Read more

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