Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’

On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle significant volume” and that the firm will “stand behind USDC and [...]

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Utah Passes Law Recognizing Decentralized Autonomous Organizations

The Utah State Legislature has passed the Utah Decentralized Autonomous Organizations Act, providing legal recognition and limited liability to DAOs, also known as "Utah LLDs". The act defines ownership, protects anonymity, and introduces quality assurance protocols. (Read More)

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Tether’s Q1 2023 assurance report shows a reserves surplus at $2.44B all-time high

Tether Holdings Limited has today published its Q1, 2023 assurance report reaffirming the accuracy of Tether’s Consolidated Reserves Report (CPR). Among other things, the report shows that the company’s consolidated assets exceed its consolidated liabilities. The CPR broke down the assets held by Tether Holdings as of March 31, 2023. It provides additional categories with …

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Coins.ph Obtains ISO Security Standards Accreditation for Coins Pro, E-Wallet Services

Coins.ph has received the ISO/IEC 27001:2013 certification, the first Philippine-regulated exchange to be verified by international standards.

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Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether

A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the matter has verified to The Block that said address does indeed belong to Tether. Research Analyst and Unknown Source Link $1.6 Billion [...]

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