Reserves Financial News

20.08 / 06:31

Tether reserves Stablecoin Tether's reserves fell $16 billion in second quarter

The reserves statement on Tether's website comes a day after it said it had switched to accountancy firm BDO Italia to certify its reserves and that it would aim to release monthly reports by the end of the year. Stablecoins are a type of cryptocurrency designed to keep constant value, such as a 1:1 U.S. dollar peg. They are widely used in cryptocurrency trading to move funds between different cryptocurrencies or into regular cash. Financial regulators worldwide have warned that stablecoins could pose a risk to wider financial stability, with Britain among major economies looking to regulate the sector.

15.07 / 00:07

business Stablecoin Circle Usd Coin reserves Circle discloses full breakdown of $55.7B USDC reserves

Circle Internet Financial has released a full breakdown of its USD Coin (USDC) holdings for the first time — a move designed to offer transparency and instill greater trust ain the stablecoin issuer.

11.07 / 16:07

Stablecoin Adoption Trading Tether reserves Tether fortifies its reserves: Will it silence critics, mollify investors?

There is an old Arabic proverb: “The dogs bark, but the caravan moves on.” It could summarize the journey to date of Tether (USDT), the world’s largest stablecoin.

07.07 / 23:27

Survey Gold inflation Central Bank reserves NOT Surveyed Central Bank Reserves Managers Say Inflation is Not ‘Transitory’, Likely to Remain High

Only 20% of surveyed central bank reserves managers still say that inflation will be “transitory,” as the US Federal Reserve (Fed) and other central banks insisted was the case until recently. Meanwhile, close to half of the managers say inflation is likely to remain elevated, per the latest edition of the OMFIF’s Global Public Investor report.

01.07 / 16:45

Provident Landmark Tether Continental crypto rules reserves EU crypto rules to force tether, USD coin to hold more reserves in ‘Wild West’ market

A landmark agreement for Europe to regulate cryptocurrency markets across the continent is set to bring stablecoins such as tether and USD coin into a stricter regime to make sure they can meet redemption requests during mass withdrawals.

13.06 / 14:51

business Stablecoin Tether Bitcoin reserves Tether: Celsius crisis has no impact on USDT reserves

The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company.

24.05 / 13:05

Twitter reserves Biden Exploring Release of Diesel Fuel Reserves Amid High Prices

WASHINGTON—The Biden administration is considering a release of diesel fuel from federal reserves to address skyrocketing prices and the threat of supply outages on the East Coast.

17.05 / 10:45

cryptocurrency CryptoExplainer TerraUSD reserves TerraUSD Backer Spent Reserves Trying To Salvage Dollar Peg; Regulators Eye Crypto

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg

17.05 / 06:55

business Stablecoin Tether Usd Coin reserves Stablecoin supplies and cash reserves in question amid crypto exodus

Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT) resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion.

13.05 / 18:57

Stablecoin Crime Tether Bitcoin reserves Nomura's Bitcoin OTC, Prosecutors vs. Arthur Hayes, Tether's Reserves + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.______

09.05 / 11:01

Blockchain Stablecoin Terra Usd Terra Bitcoin reserves LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves

Amid the sharp pullback across Bitcoin (BTC) and the wider crypto market this week, the Luna Foundation Guard (LFG) is set to deploy $1.5 billion worth of capital to “help protect” Terra USD’s peg to the U.S. dollar.

18.04 / 13:55

JPMorgan Citigroup Chase reserves Bank of America profit tops estimates as lender releases reserves for soured loans

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13.04 / 19:13

Blockchain Tether Gaming reserves Tether's Reserves, MoonPay Scores 60 Celebrities, Meta's Cut + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

12.04 / 01:23

Tether Pool Bitcoin Luna reserves Terra: Despite UST’s $2B reserves, why is LUNA having a bad day

For investors looking for a refuge as their portfolios started to bleed, Terra [LUNA] looked like a safe bet. However, at press time, LUNA too seemed to be celebrating a Game of Thrones-style red wedding as it recorded both significant daily and weekly losses in price.

08.04 / 07:47

Stablecoin Adoption defi Terra reserves Terra buys $200M in AVAX for reserves as rival stablecoins emerge

Terraform Labs (TFL) and the Luna Foundation Guard (LFG) have announced they have purchased a combined $200 million worth of AVAX tokens from the Avalanche Foundation.

06.04 / 23:13

business Blockchain Stablecoin Binance Terra Luna fall reserves UST staking goes live on Binance as Anchor reserves fall

On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna's (LUNA) co-founder — attributed the origins of the high yield to Terra's flagship Anchor protocol.

06.04 / 18:13

reserves U.S. Allies to Release Close to 60 Million Barrels of Oil From Reserves

PARIS—U.S. allies are planning to release close to 60 million additional barrels of oil from their reserves, officials familiar with the matter said, joining the Biden administration in an effort to tame prices that have risen sharply since Russia invaded Ukraine.

31.03 / 21:51

Blockchain Stablecoin Adoption Usd Coin BNY reserves Circle selects BNY Mellon as custodian for USDC reserves

On Thursday, USD Coin (USDC) operator Circle announced that it had selected financial institution BNY Mellon as the custodian of its USDC reserves. Founded in 1784, BNY Mellon is one of the oldest banks in America and possesses over $46.7 trillion in assets under custody or administration worldwide. It serves as a single point of contact for clients looking to manage their investments. With the new partnership, BNY Mellon said it will also explore the possibility of using digital cash for settlement purposes. Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon, gave the following remarks:

17.03 / 07:35

Blockchain Stablecoin Terra Bitcoin reserves ‘We’re already buying’: Terra founder plans to obtain $10B BTC for reserves

The founder of Terraform Labs (TFL) and Ethereum competitor Terra (LUNA) Do Kwon has outlined plans to accumulate a whopping $10 billion worth of Bitcoin (BTC) to add to the project’s stablecoin reserves.

12.03 / 01:57

business Blockchain Stablecoin defi donates reserves Terraform Labs donates $1.1B for Luna Foundation Guard's reserves

On Friday, Do Kwon, founder and CEO of Terraform Labs (TFL), which develops the blockchain ecosystem consisting of Terra Luna (LUNA) and the TerraUSD stablecoin (UST), announced that TFL had donated 12 million LUNA ($1.1 billion at the time of publication) to the Luna Foundation Guard (LFG). LFG launched in January to grow the Terra ecosystem and improve the sustainability of its stablecoins. Kwon noted the funds, denominated in LUNA, will be burned to mint UST to grow the LFG's reserves:

08.03 / 17:51

economics Bitcoin reserves Russia Sanctions Means Countries May Transition to Bitcoin Reserves - Pantera’s CEO

Both nation-states and private citizens around the world are likely to find it “very appealing” to keep control of their own money in light of the sanctions placed on Russia, and countries could start transitioning to bitcoin (BTC) for foreign reserves, Pantera Capital’s Dan Morehead has argued.

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