Tether announces the launch of Tether Gold, a gold-backed cryptocurrency

Tether, the company behind the biggest stablecoin in the world, has launched Tether Gold, a digital asset providing exposure to physical gold. According to the company’s announcement, XAU₮ will be available both on Ethereum and on TRON and will represent one troy fine ounce of gold. Tether diversifies into traditional assets, launches gold-backed cryptocurrency Tether […]
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Major Turkish city to introduce its own cryptocurrency for settling everyday transactions

Ugur Ibrahim Altay, the Mayor of Konya, Turkey’s seventh-most-populous city, recently confirmed that the initial steps required to launch a cryptocurrency project called “city coin” had been completed. Details regarding the city coin initiative will be announced during the Smart Cities and Municipalities Congress and Exhibition, which will take place in October 2020 in Konya. […]
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Stablecoin protocol Terra surpasses one million users in less than 9 months

Eight months after launch, Terra, a stablecoin protocol backed by four of the world’s largest crypto exchanges, has surpassed one million user accounts and hit an annual run rate of $2.4 billion, the company reported in a press release seen by CryptoSlate. In 2018 Seoul-based Terra raised $32 million from myriad VC heavyweights, including the […]
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WisdomTree Mulls New Stablecoin as US Money Manager Drives Toward Crypto

WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.