Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
Tether stated that commercial papers constitute less than 25% of USDT’s backing, adding that it does not have lending exposures to Celsius and Three Arrows Capital.
Abdulrasaq Ariwoola 2 min read 
FTX.US president Brett Harrison says major futures commission merchants are open to the exchange’s proposal.
CryptoSlate data shows that the circulating supply of USDT dropped to $73.3 billion on Monday from the $84.2 billion on May 11.
BNP Paribas will be able to borrow cash against tokenized U.S. treasury bonds for a few hours on J.P. Morgan's blockchain Onyx.
The 2022 crypto crash has deleted approximately $1 trillion from the market capitalization of the nascent sector.
South African central bank's Deputy Governor Kuben Naidoo said a digital rand could reduce the cost of cross-border payments for banks.
The President of El Salvador announced that he would be meeting with representatatives from 44 different countries to discuss Bitcoin, financial inclusion, digital economy and banking the unbanked.
The crypto investment option would first be open to LGT clients in Liechtenstein and Switzerland.
The large investment bank announced the opening of its first-ever loan facility backed by Bitcoin. This comes a few months after their $100k price forecast for the popular cryptocurrency.
