Stablecoin issuer Tether said it reduced its commercial paper holdings in the first quarter of this year to improve the quality of its reserves. Tether reported today that it had reduced its commercial paper to $19.9 billion from $24.2 billion the previous quarter, a 17% decrease. It also added U.S...
Revolut's planned native crypto token will aim to reward customers for their loyalty, CEO Nik Storonsky said in an interview, in which he also shared details on the neobank's forthcoming non-custodial wallet. Speaking to The Block at the Finance FWD conference in Hamburg, Storonsky said the long-rum...
Crypto-focused research and investment group Delphi Digital has published a post-mortem on the losses inflicted by last week's collapse of TerraUSD (UST) algorithmic stablecoin, concluding that it "always knew something like this was possible." "We understood the risks of the algorithmic model upfro...

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