Tether Stablecoin Taps Chainalysis for Anti-Money Laundering Compliance Tools – CoinDesk

Stablecoin issuer Tether is partnering with blockchain forensics firm Chainalysis to bolster its anti-money laundering tools. The companies announced Wednesday Tether would apply Chainalysis’ “Know Your Transaction” tool for token issuers, allowing the stablecoin firm to monitor activity and “quickly understand the risk profile of each token holder,” according to a press release. USDT, the […]

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Joint Venture Launches Canadian Dollar-Pegged Stablecoin for Financial Services – CoinDesk

A new stablecoin pegged to the Canadian dollar may help digitize the North American nation’s financial markets. Canada Stablecorp announced Monday it was issuing the “QCAD” stablecoin for “mass market,” including foreign exchange remittances and other financial products. Canada Stablecorp is a joint venture between cryptoasset manager 3iQ, which recently received approval to launch a […]

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Crypto Trading Privacy Gets a Boost as $15M of Tether Moves to Liquid Sidechain – CoinDesk

Stronger privacy is coming to the largest stablecoin, tether, with a recent blockchain-to-blockchain swap of $15 million worth of tokens. At 11:27 UTC on Jan. 7, stablecoin issuer Tether conducted a cross-chain swap of some 15 million USDT reserves from ethereum to Blockstream’s Liquid, a federated sidechain running parallel to the bitcoin blockchain. The technical […]

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Equilibrium’s Stablecoin Now Has $17.5M in Insurance That Pays Out Automatically – CoinDesk

Stablecoin issuer Equilibrium has self-funded a $17.5 million insurance policy for its EOSDT token. According to CEO Alex Melikhov, Equilibrium’s EOSDT is now backed by smart contracts that pay out consumers if the dollar-pegged token crashes through its collateralized floor. Much like how America’s FDIC insures consumers’ traditional bank deposits against a run, Melikhov says […]

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Facebook to Develop Cryptocurrency for WhatsApp Transfers

Facebook is said to be developing its own cryptocurrency stablecoin for transfers within WhatsApp for the Indian remittances market.  Read more Market pieces here. Mark Zuckerberg’s social media behemoth, Facebook, is rumoured to be developing its own cryptocurrency for transfers within WhatsApp, sources have reported. Facebook’s token will reportedly allow users to send and receive […]

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Binance Backs $32 Million Funding for Unicorn Founder’s Crypto Stablecoin – CoinDesk

Yet another stablecoin is attracting big investors. Announced Tuesday, the founder behind a $1.4 billion startup unicorn called TMON is revealing he has raised a $32 million seed round to build a stablecoin called Terra. But while a number of startups have deployed stablecoins – cryptocurrencies engineered to track the price of another asset, usually fiat […]

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