May 17, 2024
Crypto

Stablecoins are boosting demand for U.S. Treasury notes

Among all cryptocurrencies, stablecoins have always faced the most scrutiny from financial regulators. However, they also have supporters who speak about their benefits to the financial world. Recently, the CEO of Cantor Fitzgerald, the custodian of stablecoin Tether, discussed the potential benefits of stablecoins and the future of asset tokenization in the U.S. economy. Dow

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Crypto

Doomed crypto firm Terraform Labs files for bankruptcy in the US

Terraform Labs, the company that wiped out $40 billion from the crypto market with the collapse of its TerraUSD and Luna stablecoins, has finally filed for Chapter 11 bankruptcy protection on Sunday. Bloomberg reports that the crypto firm’s estimated assets and liabilities are both in the range of $100 million to $500 million, with the

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