By Hassan Shittu Key highlights: Tether declined to seek a MiCA license primarily due to the rule requiring major stablecoin issuers to hold 60% of reserves in bank deposits The ECB now wants the rule removed because large bank deposit requirements create two-way systemic risk, as stablecoin redemptions could force sudden bank withdrawals Tether’s options […]
Tag: USAT
Tether has announced the expansion of USAT, a regulated U.S. dollar stablecoin issued by Anchorage Digital, to the Celo blockchain marking the first time the digital asset has been deployed beyond Ethereum mainnet. Celo operates as an Ethereum layer-2 scaling network, and Google Cloud will provide infrastructure support for the rollout. USAT launched on Ethereum […]
By Marco Piccolo Key highlights: USAT is U.S.-regulated, dollar-backed stablecoin compliant with the new GENIUS Act, set to debut by the end of 2025. Former White House Crypto Council director Bo Hines will lead Tether’s new U.S. division from Charlotte, North Carolina. Anchorage Digital will issue the token, while Cantor Fitzgerald will manage reserves and […]