TrueUSD maintains it has no exposure to Prime Trust despite community claims
Adam Cochran questioned if TUSD minting and redemption is still available - the company states services remain open via other rails.
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The temporary halt is due to Prime Trust's halting of fiat and crypto deposits.
The DAI issuer continues to bolster its own treasury holdings with U.S. government debt.
Powell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money, including stablecoins.
The NYAG released the documents under a Freedom of Information Law (FOIL) request made by CoinDesk after Tether dropped its opposition to the requests.
Paolo Ardino says Tether has nothing to hide as it dropped opposition toward a freedom of information request.
Coinbase funds USDC rewards from its own pocket, not through lending interest.