Binance.US gets greenlight to invest customer assets in Treasury Bills

The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis.

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Binance.US secures court approval to invest $40 million in US Treasury bills

A US court has granted Binance US permission to invest certain customer fiat funds, currently held at BitGo, in US Treasury Bills. Earlier this week, the exchange requested court approval to invest about $40 million in $10 million increments over four weeks. These investments will be made through a trading account on TreasuryDirect in US […]

The post Binance.US secures court approval to invest $40 million in US Treasury bills appeared first on CryptoSlate.

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Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills

Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.

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4 ‘emerging narratives’ in crypto to watch for: Trading firm

The crypto trading firm sees NFTs becoming more intertwined with brand IP, while Web3 apps with "real world utility" gain traction.

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Tether commercial paper exposure now under $50M — CTO

Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by USD.

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Finblox Teams Up With OpenEden to Launch Tokenized US Treasury Bill

The collaboration introduces tokenized rights to U.S. T-Bills, opening doors to a trillion-dollar market for web3 users.

The post Finblox Teams Up With OpenEden to Launch Tokenized US Treasury Bill appeared first on BitPinas.

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Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

The report comes five days after Cantor Fitzgerald's CEO Howard Lutnick was appointed as President-Elect Donald Trumps Secretary of Commerce.

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Tether is best friend of US, says CEO Paolo Ardoino

While focusing on developing countries, Tether is doing its best to maintain a good relationship with the United States, Paolo Ardoino told Cointelegraph.

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Stablecoins boosting demand for US T-bills: Treasury Dept

The United States Treasury Department is taking an interest in stablecoins and tokenization.

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Maple Finance Opens Cash Management Solution to U.S. Investors, Backed by U.S. Treasury Bills

Maple Finance opens Cash Management to U.S. Accredited Investors, offering yield backed by U.S. Treasury bills. (Read More)

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Bitcoin And Crypto Alert: The Implications Of Bill Ackman’s 30-Year T-Bills Short

What does this mean for Bitcoin and the broader crypto market? In a surprising move that has sent ripples through the financial world, billionaire hedge fund manager Bill Ackman recently announced that he is shorting 30-year Treasury bills. Ackman predicts that yields could soon skyrocket to 5.5%, a move he is positioning as a hedge [...]

The post Bitcoin And Crypto Alert: The Implications Of Bill Ackman’s 30-Year T-Bills Short appeared first on Crypto Breaking News.

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