Tag: Stablecoins

Binance Creates Combined Stablecoin Market
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Binance Creates Combined Stablecoin Market

It seems as though the Stablecoin sector is on the way to experiencing major changes. Crypto trading giant Binance, which is currently the largest Crypto exchange in the world by trading volumes, has announced the creation of a combined stablecoin market. Binance currently sees daily trading that is double that of its closest competitor. Binance’s…

Circle Hires Third Party Accounting Firm To Perform Assessments
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Circle Hires Third Party Accounting Firm To Perform Assessments

Circle has announced that it has sought out the services of Grant Thornton LLP, an independent accounting company, to ascertain that there are enough fiat reserves to back USDC. This verification the firm has said will be done through attestation reports that will be carried out on a monthly basis. The Extent Of The Assessment…

BitGo Unveils New Services To Support Additional Stablecoins
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BitGo Unveils New Services To Support Additional Stablecoins

With an aim of wooing more users to its network, BitGo has added one more Stablecoin to its list if offers. This is an attempt to widen the number of BitGo clients and also encourage more Crypto investors particularly institutions to acquire Stablecoins. In a press release to CoinDesk, the Crypto custodial service provider revealed…