“Tether’s Bitcoin holdings to a total of over 75,000 BTC”.
“Tether’s USDT has recently hit a new milestone with a market cap of US$100 billion, becoming the first stablecoin to hit the mark.”
If one believes that bitcoin is “digital gold”, they can also argue that USDT is fractionally backed up by gold as well as fiat currency. 🤔
“Federal Reserve chair Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately ‘manageable’.”
Is this Powell’s admission that small banks are being “sacrificed” for the bigger banks? #TooBigToFail
For the stakeholders in the crypto space, the (likely) pertinent question is, would the ff. ruling make all #stablecoins and #cryptocurrencies be legally 'constituted' as #securities , at least in the #US? -- "Judge Sides With SEC Over Do Kwon, Says $UST, $LUNA Are Securities"
