On Monday the cryptocurrency payment processor Bitpay announced the company is now supporting settlement options using two stablecoins — the Gemini dollar and the Circle Centre coin. Not only can Bitpay merchants settle in BTC, BCH, and local fiat currencies, but they can also utilize a U.S dollar-equivalent digital currency.
Gemini USDG is a new centralized stablecoin (it’s similar to Tether) implemented as an ERC20 token on the Ethereum blockchain. The current implementation gives Gemini the ability to freeze any account or make all tokens non-transferrable. The custodian is able to completely change the implementation of the token every 48
Kraken is a US-based cryptocurrency exchange founded in 2011. Last week, Bloomberg accused Kraken of price fixing in connection to USDT. Kraken was quick to respond to the Bloomberg Tether allegation. Tether (USDT) is a stablecoin where one USDT is backed with one dollar. The stablecoin has been incredibly controversial in recent months. Bloomberg Tether Allegation In the initial article on
Nearly six months after parting ways with its auditor, Tether has produced a third-party report claiming that its cryptocurrency is fully backed by U.S. dollars – with some major caveats. The state of Tether’s reserves has been the subject of controversy for months, with online critics claiming the company has been issuing more tokens