- The US Treasury is interested in the financial position of Tether.
- The regulator is also wary of unregulateddevelopment of a token from Facebook.
- In the US, there are more and more calls to regulate stablecoins at the legislative level.
US regulators held a closed meeting led by US Treasury Secretary Janet Yellen to discuss the risks associated with stablecoins. The head of the agenda was the Tether company.
According to Comptroller of the Currency Michael Xu, regulators are actively studying the reserves of the issuer of the largest stablecoin, USDT, whose capitalization exceeds $60 billion.
The Presidential Working Group is seriously concernedstatements by Tether, according to which the company owns a huge amount of commercial paper. Regulators compare Tether to an unregulated money market mutual fund, where investors can make abrupt short-term decisions to move capital in or out.
In mid-May, Tether presented its asset structure, noting that in addition to cash, it also held bitcoin, bonds, collateralized loans and commercial paper.
Regulators also paid attention to Diem (formerly Libra), a stablecoin from Facebook. Yellen called on all agencies to act quickly to ensure all rules are followed.
Meanwhile, Senator Elizabeth Warren sent a letter to Yellen asking her to develop a framework to address the risks inherent in the cryptocurrency market.
“The demand for cryptocurrencies continues to grow, these assets are becoming part of our financial system. Consumers, the environment and our financial system are facing growing threats. ", Warren wrote.
Warren is one of the main opponents of cryptocurrencies. At the same time, she is positive about the idea of a central bank digital currency (CBDC).
Where is it more profitable to buy cryptocurrency? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
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