Stable Coin
Stablegains Sued for Allegedly Misleading Investors
Stablegains, a DeFi yield platform that closed in May, is being sued in California.
Binance CEO Denies Report That Company Is Cutting Ties With US
Binance CEO Changpeng Zhao denied that the business is contemplating leaving the US on Twitter.
The Financial Stability Board (FSB) is pushing for international regulations
Global standard-setting organisations are helping the Financial Stability Board evaluate DeFi legislation in numerous countries.
LidoDAO is considering selling or staking its $30 million
LidoDAO, the decentralized autonomous organization behind Lido, is considering staking or selling its $30 million ETH treasury to meet unexpected market swings.
Circle Denies Receiving 'Wells Notice' Over USDC
Circle's CSO refused SEC Wells notices for its USDC token.
BUSD, Paxos, and the Recent Scrutiny of Paxos
Matrixport's director of research believed Paxos' BUSD supervision was too lax, prompting regulatory attention. Stablecoins are not the goal.
Binance sees surge in withdrawals amid spooked investors
Investors have pulled billions from Binance in the past day due to US Securities and Exchange Commission and New York Department of Financial Services action against BUSD and Paxos.
Paxos Trust Company Disagrees With U.S. Securities
Paxos, a stablecoin issuer, received an SEC Wells notice earlier this month and "categorically denies" that BUSD is a securities.
Tether Holdings Hires Major Wall Street Firm to Manage Treasury Portfolio
Tether has recruited a Wall Street company to handle its Treasury holdings.
Tether Completes Reserves Attestation by Major Global Accounting Firm
BDO, a global accounting company, has attested Tether's reserves.