Jurrien Timmer, director of global macro at Fidelity Investments, characterizes the current market environment as “another wild ride,” where each week seems to deliver headlines stranger than the last. Yet despite the volatility, his overarching message is that conditions are not nearly as dire as they might appear, and he remains relatively constructive on the […]
LUGANO, Switzerland — Tether, the crypto company behind the world’s largest stablecoin, USDT USDT$1.0002, is planning fresh investments to bring its U.S.-focused U.S. dollar stablecoin to a 100 million American user base, Tether CEO Paolo Ardoino said in an interview on Friday. The USAT token, designed specifically for the U.S. market to comply with federal […]
Fidelity Investments is in advanced stages of developing its own stablecoin, the Financial Times reported on Wednesday. The Boston-based financial services giant plans for the token to serve as a form of digital cash, according to the report, which cites two people close to the matter. The token would form part of company’s strategy to […]