Tether Hasn't Issued Any USDT For 2 Months

USDT tokens printer stopped immediatelly after the mail from US CFTC
19 March 2018   701

On Tuesday, January 23, Tether Ltd suspended the issue of USDT tokens. It was on that day that the mail delivered a summons from the US CFTC to the company's representatives, TrustNodes reports.

It is worth noting that for eight months prior to this date, Tether launched more than 2 billion USTD on the market - almost every week the issue increased by 100 million units, and in a few days in January, 600 million were issued.

The reason why the company stopped issuing new tokens remains unknown - it may be due to unfavorable market conditions or the investigation of the CFTC.

Recall, on January 30, the news of the court summons received by Tether and Bitfinex, brought down the price of bitcoins below $ 10,000.

Ex-Tether Top Manager to Launch Stablecoin Clearinghouse

Stablehouse.io will help to exchange stablecoins at a liquid market price with a fixed fee
06 February 2019   143

The XBTO crypto-financial platform together with ex-Bitfinex and Tether manager Philip Potter are working on creating a clearing service for stablecoins, Stablehouse.io. It is reported by CoinDesk.

The service will allow to exchange stablecoins at a liquid market price with a fixed commission. USDT, GUSD, PAX, TUSD, USDC and DAI will be supported.

The stablecoin market at the moment is inefficient and has various disparate stablecoins, with users needing to transact several times with different parties to exchange one stablecoin for another. Stablehouse will address this by serving as a centralized platform that gives issuers, holders and exchanges certainty over access and liquidity, creating enhanced confidence for investors, developers and merchants.

Philippe Bekhazi
Founder, XBTO

Together with him, David Namdar, a founding partner of Galaxy Digital and SolidX Partners, will join the advisory board of the company, as well as the lead strategist of Blockstream Samson Moe.

In the near future, the founders of Stablehouse intend to obtain a license from the Bermuda Monetary Authority.