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BitMEX founder Arthur Hayes, commenting on Tether's latest audit report, argued that the company made a large interest rate assumption, posing a theoretical risk for USDT.
According to Hayes, audit da...

Arthur Hayes Issues Serious Warning About Tether (USDT)

Author: Cai Pengcheng
Source: TMTPost
On November 29th, the People's Bank of China officially published an article titled "Meeting Held on the Coordination Mechanism for Combating Virtual Currency Trading and Speculation," providing the latest commentary on virtual currencies and stablecoins.

The article redefined stablecoins, stating that "stablecoins are a form of virtual currency, currently unable to effectively meet requirements for customer identification and anti-money laundering, and pose a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers." A well-known Web 3 industry lawyer told Barron's Chinese website, "Stablecoins are a form of virtual currency. This is..."

The central bank has made its first major statement on stablecoins; where will the market go?

Vitalik Buterin, co-founder of Ethereum, recently expressed hope that Zcash – one of the pioneering projects in blockchain privacy – will move away from the Token based governance model. According to him,...