Deloitte signs off on Anchorage reserve report for Tether’s USAT stablecoin
Big Four firm Deloitte attested to $17.6 million in reserves backing USAt, Tether’s new US-regulated stablecoin issued by Anchorage Digital Bank.
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Big Four firm Deloitte attested to $17.6 million in reserves backing USAt, Tether’s new US-regulated stablecoin issued by Anchorage Digital Bank.
The European Central Bank warns in a new working paper that as stablecoin adoption grows, deposits may leave banks, affecting lending and monetary policy transmission.
Deloitte performed USAT’s first attestation, linking the Big Four accounting firm with Tether’s U.S.-regulated stablecoin.
A February report claimed that Tether had frozen about $4.2 billion worth of its USDt stablecoin allegedly connected to illicit activities since 2023.
Prosecutors are trying to recover over $327,000 worth of Tether's USDT stablecoin linked to a crypto romance scam from 2024.
While the White House has hosted three meetings to discuss how to address stablecoin yield in the Senate's market structure bill, there are no signs of a solution.
As much as crypto negotiators paint bank lobbyists' campaign against stablecoin yield as unfair, it landed a blow that one dramatic move could end.
12 major European banks are moving forward with a euro-backed stablecoin under the Qivalis consortium, aiming for a second-half 2026 launch.
USAT CEO Bo Hines has said Tether could become one of the top 10 buyers of U.S. Treasury bills this year as demand for stablecoins grows.
Bitcoin Magazine Citrea Launches Foundation to Advance Bitcoin’s Programmable Future Citrea, a Bitcoin application platform backed by Founders Fund and Galaxy Ventures, announced the creation of the...
Qivalis is a group of 12 major EU banks developing a euro-pegged stablecoin they plan to debut in the second half of the year.
Sony Bank and JPYC will study real-time transfers enabling customers to buy the yen-pegged stablecoin JPYC directly from their bank accounts.