Discover and read the best of Twitter Threads about #usdp
Most recents (9)
1/ Aprile 2022:
Mi sento nostalgico e voglio tornare a quando non esisteva #ChatGPT, gli #UFO erano lontani e @SBF_FTX era solo un trentenne disagiato.
Eravamo tutti long su #TerraClassic mentre @PaxosGlobal pubblicava questo statement su #BUSD:
paxos.com/2022/04/07/bus…
Mi sento nostalgico e voglio tornare a quando non esisteva #ChatGPT, gli #UFO erano lontani e @SBF_FTX era solo un trentenne disagiato.
Eravamo tutti long su #TerraClassic mentre @PaxosGlobal pubblicava questo statement su #BUSD:
paxos.com/2022/04/07/bus…
2/ Settembre 2022:
Il messaggio di Paxos è rimasto nell'ombra per mesi.
Nel frattempo l'estate ci stava lasciando e #Binance decideva di convertire tutte le #StableCoin (tranne #USDT) in #BUSD
en.cryptonomist.ch/2022/09/06/bin….
Il messaggio di Paxos è rimasto nell'ombra per mesi.
Nel frattempo l'estate ci stava lasciando e #Binance decideva di convertire tutte le #StableCoin (tranne #USDT) in #BUSD
en.cryptonomist.ch/2022/09/06/bin….
🚨AGGIORNAMENTO SU BUSD🚨
@cz_binance ha appena scritto un tweet sulla situazione attuale di #BUSD
Vediamo insieme cosa ci dice e facciamo qualche breve riflessione 🧵⬇️
@cz_binance ha appena scritto un tweet sulla situazione attuale di #BUSD
Vediamo insieme cosa ci dice e facciamo qualche breve riflessione 🧵⬇️
1/ ✋Il NYDFS ha ordinato a #paxos di fermare la coniazione nuovi BUSD.
La #stablecoin sarebbe una security secondo il Dipartimento dei servizi finanziari di New York
it.cointelegraph.com/news/paxos-ord…
La #stablecoin sarebbe una security secondo il Dipartimento dei servizi finanziari di New York
it.cointelegraph.com/news/paxos-ord…
2/ 🏪 Secondo le parole di #cz_binance questo non comporterà un'interruzione nei servizi di gestione e di rimborso di BUSD da parte di @PaxosGlobal
Fermare la coniazione di nuovi BUSD potrebbe però portare a una contrazione della capitalizzazione di mercato
Fermare la coniazione di nuovi BUSD potrebbe però portare a una contrazione della capitalizzazione di mercato
#NYDFS issues USD backed #stablecoin guidance; must be fully backed by an asset reserve; issuer must adopt a clear redemption policy, approved by DFS in writing (!!!) redemption at par in fiat; reserve must be held in custody with /1
dfs.ny.gov/reports_and_pu…
dfs.ny.gov/reports_and_pu…
US state/federally chartered depository institutions and/or asset custodians. Reserve must be held in govt treasuries "subject to DFS- approved reqs re: overcollaterialiation." Reserve must be subject to independent audit 1x month by independent CPA under AICPA attestation /2
standards. DFS may also impose obligations regarding cybersecurity and IT standards and evaluate issuer BSA/AML & Sanctions compliance, safety and soundness of the issuing entity; and the stability/integrity of the payment system, as applicable on Issuers. /3
1/21
Stablecoins
It’s been a brutal week for most crypto holders with extreme selloffs on nearly all assets.
A lot of people fled to the safety of stablecoins thinking they were safe.
But UST depegged and FUD now also reached USDT.
Do your research & know your investment! 🧵👇
Stablecoins
It’s been a brutal week for most crypto holders with extreme selloffs on nearly all assets.
A lot of people fled to the safety of stablecoins thinking they were safe.
But UST depegged and FUD now also reached USDT.
Do your research & know your investment! 🧵👇
2/
Coins we're looking at:
* #USDT
* #USDC
* #BUSD
* #UST
* #DAI
* #FRAX
* #MIM
* #TUSD
* #USDP
It's a lot of information to take in but it's important to understand in what asset you park your money. Always DYOR! This is meant as a rough guide for understanding.
Coins we're looking at:
* #USDT
* #USDC
* #BUSD
* #UST
* #DAI
* #FRAX
* #MIM
* #TUSD
* #USDP
It's a lot of information to take in but it's important to understand in what asset you park your money. Always DYOR! This is meant as a rough guide for understanding.
3/
#USDT
* Controversial, yet most popular.
* Lots of indications that the 1:1 fiat to crypto backing they claim to have is in fact false.
* April 2019: Tethers own lawyers had to admit that the company had only 74% of the #USDT in fiat backing (tinyurl.com/3ce233zc).
#USDT
* Controversial, yet most popular.
* Lots of indications that the 1:1 fiat to crypto backing they claim to have is in fact false.
* April 2019: Tethers own lawyers had to admit that the company had only 74% of the #USDT in fiat backing (tinyurl.com/3ce233zc).
1/ Time to look at the main stablecoins, including people's favorite #UST which looks rather weak.
There is one undisputed winner, despite any criticism.
The reason? Adoption, liquidity, and volume.
The rest are kings in their niche. A thread 👇
#USDT #USDC #BUSD #DAI #UST
There is one undisputed winner, despite any criticism.
The reason? Adoption, liquidity, and volume.
The rest are kings in their niche. A thread 👇
#USDT #USDC #BUSD #DAI #UST
2/ Ranking by market cap is easy (see pic), but that barely says anything.
What is more important is volume and where this volume comes from!
Let's do a ranking by 7-day volume divided by mcap.
See next tweet for the results. 👇
What is more important is volume and where this volume comes from!
Let's do a ranking by 7-day volume divided by mcap.
See next tweet for the results. 👇
1. Myanmar’s new ruling military council has handed out at least three positions to leaders of parties allied to the #Tatmadaw proxy party, the #USDP.
The latest is Thet Thet Khaing, the leader of the controversial People’s Pioneer Party (PPP). myanmar-now.org/en/news/people…
The latest is Thet Thet Khaing, the leader of the controversial People’s Pioneer Party (PPP). myanmar-now.org/en/news/people…
2. The PPP was founded in 2019 by businesswoman Thet Thet Khaing, who left the #NLD after being suspended for criticizing its leader #AungSanSuuKyi
The party also includes former military officers and #ultranationalists. bit.ly/3ro7EFG
The party also includes former military officers and #ultranationalists. bit.ly/3ro7EFG
3. Thet Thet Khaing, who won a seat in 2015 as an #NLD candidate, was soundly defeated in her bid for election last year. bit.ly/2MxSE9a
She was appointed Minister for Social Welfare and Relief and Resettlement, replacing the popular Dr. Win Mya Aye.
She was appointed Minister for Social Welfare and Relief and Resettlement, replacing the popular Dr. Win Mya Aye.
For all who are interested in the politics of #Burma and for all those who have been left questioning the logic and timing behind this supposed '#coup' - I think we need to first understand that there was no #democracy to begin with
