Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD
The stablecoin pool ideally has a weightage of 33.3% of each USDT, USDC and DAI, however, on June 15, the USDT weightage rose above 70% in the pool.
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Autor Cointelegraph By Prashant Jha
EU’s new crypto law: How MiCA can make Europe a digital asset hub
MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states.
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Apple to delist Nostr-based Damus app for Bitcoin tip feature
The decentralized social media app called it a watershed moment for peer-to-peer transactions and claimed it would affect many other platforms with similar features.
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Hong Kong and the US aim for stablecoin regulations by 2024
The U.S. is another country currently working on stablecoin market regulations having introduced three drafts of the bill until June first week.
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Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps
The move is Tether’s second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion.
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