Tether CEO Paolo Ardoino criticized the EU's MiCA stablecoin licensing rules, calling them dangerous due to the requirement that significant stablecoin issuers hold 60% of reserves in European bank deposits. Ardoino argues this creates systemic risk if banks fail, referencing the 2023 Silicon Valley Bank collapse. As a result, Tether refused to apply for MiCA authorization, leading to USDT being delisted from major EU exchanges like Coinbase and Binance. Meanwhile, Circle's USDC remains authorized and available, potentially shifting European market share in its favor, though Tether maintains dominance globally outside Europe.
Binance has invested $100 million in Circle, the issuer of the USDC stablecoin, and signed a new five-year commercial agreement to expand USDC's use, especially in emerging markets. Binance will promote and integrate USDC on its platform, while Circl...
A cryptocurrency wallet transferred a total of $130 million to Binance through three separate transactions within four days. The latest transfer was a $30 million deposit made on September 28 at 5:53 a.m. ET. These large transfers highlight significa...
Binance Wallet has introduced the ability to pay blockchain gas fees using USDT on BNB Smart Chain, Ethereum, Solana, and TRON networks. This removes the previous requirement for users to hold each network's native gas token before making transaction...
Binance Futures announced it will list several USDT-denominated perpetual contracts referencing traditional finance instruments like equities and commodities. These contracts allow traders to gain exposure to non-crypto assets without owning them, us...
Quant (QNT) led gains among top altcoins with a brief 75% rise after being chosen for The Clearing House's On-Chain Money Initiative, pushing its price above $190 before settling near $160. Bitcoin (BTC) held steady above $83,000, moving toward $85,0...
