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The network uses one USDC balance for payments and fees, but catching its rival depends on additional demand. The post Circle opens Arc mainnet as it seeks an edge for USDC utility appeared first on CryptoSlate.

Tether CEO Paolo Ardoino has mocked JPMorgan after one of the bank’s co-presidents played down institutional appetite for stablecoins, replying that Tether sees little demand from the North Pole for imported ice. Doug Petno made the remarks on...

KuCoin Wealth expanded its managed portfolio with an RWA-focused principal-protected strategy and a crypto multi-strategy product, opening them to users from 100 USDT.

Erebor Bank tried to attract crypto firms by letting clients turn USDC and USDT into dollars at face value for free. Within months, professional trading firms including Wintermute and Galaxy Digital reportedly found a way to profit from the offer,...

On January 5, 2024, a man walked into the Hotel El Avila in Caracas Venezuela carrying a USB stick. On it sat about $60 million in Tether (USDT). The money came from Poland’s state-controlled refiner. The oil it paid for never arrived. According to...

CoinEx will cease operations after 9 years, halting new user registrations on Tuesday and closing the platform entirely by December 22. The Hong Kong-based platform blamed a prolonged market downturn, shrinking industry trading volume and liquidity,...

TokenLogic proposes Core WETH, USDC and USDT protection, with DAO offsets absorbing first losses before volunteer underwriters. The post Aave V4 proposal would put DAO funds first in line to absorb lending losses appeared first on CryptoSlate.

Banks retain the customer interface, while undisclosed pricing, data, compliance and settlement terms will determine who captures the value. The post Coinbase gives community banks a stablecoin bridge while supplying infrastructure underneath...

A memo-substitution bug let attackers double-pay deposits on Chainflip's Tron integration, draining 736,442.17 USDT across six payouts.

Licensed crypto firms could accept deposits and withdrawals only through accounts verified as the customer’s own. The post Thailand’s stablecoin proposal would block transfers to other people’s wallets appeared first on CryptoSlate.