Crypto firms launch the Global Dollar stablecoin to boost adoption
The Global Dollar is issued out of Singapore by Paxos and is “substantially compliant” with the MAS Tether’s USDT stablecoin accounts for more than 75% of the market Kraken’s co-founder said there is a “lack of competition” in the stablecoin market A group of...
Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client Assets
Kraken has announced the completion of its 2024 Proof of Reserves, an independent verification process conducted by a third-party accountant. This procedure allows clients to confirm that their account balances are fully backed by onchain assets. The latest...
Vantard’s funding approaches $1m as seed round hits $300k
Key takeaways Vantard’s seed round has crossed the $300k mark, with the price set to increase in 29 hours. The project has now raised over $800k after the initial $500k in the pre-seed round. What is Vantard (VTARD)? Investors are focusing on the United States...
Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how the Central Bank of Brazil has proposed a tax on the use of stablecoins for making remittances and how...Interesting 13
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