Tether

The San Juan Mercantile Bank & Trust International, a Puerto Rican bank offering both fiat and digital asset custody and settlement services, is now operational.

Tether just updated its website to clarify that each of its USDT stablecoin tokens, which it used to claim were “always backed 1-to-1 with traditional currency,” are backed by assets other than fiat currency.

Malta-based cryptocurrency exchange Binance has added TrustToken’s TrueUSD (TUSD) as a base currency, expanding the stablecoin’s available trading pairs.

Cryptocurrency exchanges Bitfinex and Ethfinex now support trading for all six of the market’s major stablecoins.

Tether is launching a new liquidity portal, one that will finally allow the direct redemption of Tether’s stablecoin USDT back into fiat.

Last month's attack on Tether contains a cautionary tale: Only those coins that can survive such attacks have the slightest chance of becoming the “holy grail" of stablecoins.

Tether stated that Deltec accepted it as a client after a “due diligence review” was carried out, which included an assessment of the company’s ability to maintain its $1 peg, which slipped last month.

Bitcoin Magazine’s Week in Review for week of October 20th, 2018

Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance.

Tether/Bitfinex rumors have caused a massive tether premium to occur and, ultimately, resulted in a large bitcoin price discrepancy across multiple exchanges.