Bitfinex customers can now use fiat currencies such as the United States dollar, the euro or the Japanese yen, as well as the tether (USDt) stablecoin issued by Bitfinex’s sister company Tether, as collateral to obtain a loan in BTC. ETH loans, on the other hand, can only be financed by the United States dollars that the borrower holds on the platform.
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P2P Bitcoin exchange Paxful adds tether, more coins coming
Top peer-to-peer cryptocurrency exchange Paxful adds USDT stablecoin to allow customers to avoid price fluctuations, announces plans to add more cryptocurrencies
USDT support is meant to allow users to protect their funds from the volatility typical of nearly all crypto assets.
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In world first, bank-issued stablecoin used at online retailer
Sygnum’s digital Swiss franc was used to buy an iPad from Digital Galaxus, Switzerland’s largest online retailer
A financial institution focused on digital assets says it has successfully completed the world’s first eCommerce transaction using a bank-issued stablecoin.
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The Financial Action Task Force fears 'so-called stablecoins' could scrub its money laundering efforts (Photo: Wikimedia Commons).FATF calls for clampdown on ‘so-called stablecoins’ in new report
The Financial Action Task Force warns stablecoins have a ‘propensity for mass adoption makes them more vulnerable to be used by criminals and terrorists’
When a powerful international financial oversight body releases a report on “so-called stablecoins,” you just know it isn’t going to be comfortable reading.
