Bitcoin News / Bitcoin.com - 7 months ago
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. deb...
Cryptocoins News / CoinJournal - 7 months ago
The regulations will start being implemented on or after January 1, 2026.
The regulations require US-based brokers to file information returns with the IRS using the new Form 1099-DA.
The brokers will also be required to provide payee statements to...
Cryptocoins News / CoinJournal - 8 months ago
US deficits keep rising despite the economy growing
US Treasury returns dropped for the past three years in a row
A weakening dollar might cause cryptocurrencies’ next step higher
In previous articles published here, I’ve argued that t...
Cryptocoins News / The Cointelegraph - 8 months ago
The amount of exposure places Tether in the top 22 biggest holders of US Treasury bills, ranking above countries like Spain, Mexico, Australia and the United Arab Emirates....
Bitcoin News / Bitcoin.com - 8 months ago
The U.S. chairperson of the Official Monetary and Financial Institutions Forum (OMFIF) has characterized the Argentinian presidential hopeful’s plan to fully dollarize the economy as “a far too risky gamble.” Mark Sobel said full do...
Cryptocoins News / CoinJournal - 8 months ago
The exemption will allow Maple Finance to offer the Treasury yields to US institutional investors
Previously, the Maple Finance Treasury pools were not available to US investors.
Institutional crypto hedge fund Room40 Capital is currently Maple Fina...
Cryptocoins News / The Cointelegraph - 9 months ago
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion. Tether continues to increase its treasury reserve ho...
Bitcoin News / Bitcoin.com - 10 months ago
U.S. Treasury Secretary Janet Yellen has defended the dominance of the U.S. dollar amid rising efforts by emerging countries to de-dollarize. Brazilian President Luiz Inácio Lula da Silva, in particular, is set to raise the issue of de-dollarization...
Bitcoin News / Bitcoin.com - 10 months ago
United States Treasury Secretary Janet Yellen recently told members of the U.S. Congress that while some countries are seeking to create alternatives to the greenback, no country, including China, can create a currency which replicates the dollarR...
Bitcoin News / Bitcoin.com - 10 months ago
U.S. Treasury Secretary Janet Yellen has warned that despite some human rights concerns that need to be addressed, ceasing trade with China would be a “big mistake” for the U.S. “De-risk? Yes. Decouple? Absolutely not,” she st...
by COINS NEWS - 11 months ago
Last weeks announcement caught the attention of many, not only did Tether release their quarterly report showing how they have become the biggest profit-per-employee organisation, with nearly $1.5B profits in one quarter and $6B projected over...
Bitcoin News / Bitcoin.com - 11 months ago
U.S. Treasury Secretary Janet Yellen has warned again about the consequences of the U.S. defaulting on its debt. During a press conference in Niigata, Japan, Yellen stated that this would be a self-inflicted crisis, and urged Congress to act quickly...
by COINS NEWS - 11 months ago
There is a hidden risk for crypto if the US defaults: 65% of their reserves are in US treasury bills. link to their report Of course, the US won't default and they will pay their bills, but still an interesting risk for crypto. Also, Tether made...