Tag Archives: Paxos

Tether Dominance Of Stablecoin Market Falls To 74%

As 2018 began, with only two competitors, Tether commanded 94 percent of the stablecoin market. With the year seeing the emergence of 8 new players in the space, that dominance has fallen to 74 percent. Flood Waters It seems that the cryptocurrency du jour is the US Dollar, or at least the stablecoins pegged to it. This year has… Read More »

Bitfinex Expands Stablecoin Listings to Provide ‘Agnostic Platform’

Stablecoins have been a point of contention in recent months especially for Bitfinex and its Tether auditing fiasco. In order to alleviate some of the concerns the crypto exchange has announced that it will list a further four stablecoins.More Stablecoins in The Crypto CauldronBitfinex still holds the reigns on Tether and that maybe what is holding it back.… Read More »

Ten Blockchain, Fintech Firms Launch Association to Make ‘Code of Conduct’ for Crypto

Ten financial and tech firms have established an Association for Digital Asset Markets (ADAM) to create a “code of conduct” for the cryptocurrency sector. The launch was announced in a press release published Nov. 27. Among ADAM’s founding members are Mike Novogratz’s crypto merchant bank Galaxy Digital, global financial services firm BTIG, fintech firm Paxos – of recently-launched… Read More »

Galaxy Digital, Cumberland and More Plan New Crypto Code of Conduct

A group of 10 companies focused on cryptocurrencies and financial services have formed a new group aimed at standardizing a code of conduct for the still-nascent digital asset space. Announced Tuesday, the Association for Digital Market Assets, or ADAM, is backed by founding members Galaxy Digital, Genesis Global Trading, GSR, Hudson River Trading, Paxos, Symbiont, BitOoda Technologies, BTIG, Cumberland and… Read More »

Binance Updates Stablecoin Listings to Create Combined Market

In an effort to create a combined stablecoin market crypto exchange Binance has updated its USDT markets.The world’s top exchange by trade volume, Binance, has been tweaking its stablecoin markets recently. According to an announcement yesterday it has renamed all USDT markets to USDⓈ.It went on to state;“Binance has renamed the USDT Market (USDT) to now be a… Read More »

Crypto Exchange Giant Binance Creates Combined Stablecoin Market

Advertisement Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Interesting moves are afoot in stablecoin land. Major crypto trading platform Binance, which is the top exchange by volume – doing nearly twice the 24-hour volume of its nearest competitor at time of… Read More »

Independent Firm Verifies Crypto Giant Circle’s USDC Reserves

Circle has announced that it has contracted an independent accounting firm, Grant Thornton LLP, to verify through attestation reports the dollar reserves thaCirclece maintains to back the USDC token. Circle joins Paxos Standard in doing this on a monthly basis. According to the findings of Grant Thornton, Circle actually has about $4,000 more than it has The post Independent… Read More »

Stablecoin Wars: Crypto Merchant Service BitPay Lists Paxos Standard

Advertisement Twitter Facebook LinkedIn BitPay today expanded its stable of stablecoin offerings for merchant settlement to include the new Paxos Standard, the most heavily traded of the recently-launched group of “regulated stablecoins.” As CCN reported in October, BitPay has already added support for Circle’s USD Coin and Gemini’s GUSD. It has apparently decided not to support USDT —… Read More »