
Bitfinex Repays $100M to Stablecoin Issuer Tether for Loan Facility Made Last Year
Hong Kong-based cryptocurrency exchange Bitfinex has wired $100 million to its sister company Tether as a principal refund for a loan it took early last year

Hong Kong-based cryptocurrency exchange Bitfinex has wired $100 million to its sister company Tether as a principal refund for a loan it took early last year

The basic concept of a stablecoin is simple, a stablecoin is a cryptocurrency whose value is linked in a 1: 1 ratio to an asset.

Chainalysis, the New York-based blockchain analysis firm announced the roll out its global compliance solution for Tether, the company behind the the largest stable by market

Tether, the controversial blockchain company which runs both Bitfinex and EthFinex cryptocurrency exchanges and issues the leading stablecoin Tether [USDT] has announced the launch of its

Huobi Indonesia has launched a fiat gateway in the country to enable fiat-to-crypto trading between the Indonesian Rupiah (IDR) and Tether (USDT).

Tether-affiliated crypto exchange Bitfinex seems to be in more trouble as a new class action lawsuit, without any notice, was filed against it on November 22
![Tether [USDT] – Crypto Exchange OKEx to Launch Cryptocurrency Futures Settled in Tether Stablecoin](https://crypto-economy.com/wp-content/uploads/2019/10/okes-derivetives.jpg)
There seems to be a rising demand for cryptocurrency derivatives if the launch of such services is any indication. Popularized by Chicago-based Mercantile Exchange broker (CME)

Security breaches in every sector always lead to losses leading to the company affected going back to the drawing board to seal loopholes used to access
![[USDC] – Coinbase Launches Rewards Program Paying out 1.25% APY to USDC Stablecoin Holders](https://crypto-economy.com/wp-content/uploads/2019/10/coinbase-usdc2.jpg)
Leading cryptocurrency exchange Coinbase wants to reward its US customers for holding in their accounts the company’s stablecoin USD Coin [USDC] backed by the CENTRE consortium.

It may be surprising for Bitcoin enthusiasts that largest crypto asset by market cap is not the mostly widely used cryptocurrency in the world, but according