Stablecoins

Tether to Launch New Version of USDT Stablecoin on Tron Blockchain

Tether is gearing up to launch its controversial stablecoin as a native token on the Tron blockchain.

As stablecoins see greater capital inflows and adoption, regulators will likely take a harder look at their compliance status.

A report from the New York Times says plans to launch a cryptocurrency product in the first half of 2019.

The Series B funding was led by seasoned VC firm Accel and included investment from Benchmark, which led the firm’s $16m Series A.

OTC traders tell CoinDesk that crypto exchange Gemini is limiting access to redemptions of its GUSD stablecoin.

A former Bitfinex and Tether exec and crypto finance firm XBTO are launching a Bermuda-based clearinghouse for stablecoins.

Four Iranian banks have reportedly teamed up with a blockchain startup to launch a gold-backed cryptocurrency called “PayMon.”

Wrapped BTC (WBTC), an ERC-20 ethereum token collateralized 1-to-1 with bitcoin, is officially live, with about $250,000 worth in circulation.