PayPal stablecoin can be frozen like Tether and Circle
PayPal's stablecoin is neither unique nor special, instead inheriting design decisions from many existing tokens.
Bennett Tomlin
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On-chain data shows Justin Sun controls virtually all stUSDT
Around 99% of stUSDT is controlled by Justin Sun and Justin Sun-connected entities such as Huobi, despite lacking the promised DAO.
— FTX
FTX US customers may not get all funds back in chapter 11 plan
The Draft Reorganization Plan in FTX's chapter 11 process details how debtors-in-possession hope to begin the reorganization.
Judge in Terraform Labs case rejects earlier Ripple ruling against SEC
A judge in the SEC v. Terraform case has rejected reasoning from a recent Ripple ruling that differentiated between types of sales.
Why does Changpeng Zhao have stablecoins on the brain?
Changpeng Zhao took to Twitter Spaces for an AMA where he spent much of his time discussing stablecoins including Tether, TUSD, and FDUSD.
Arkham Intelligence, Reserve, and the Leverage Research ‘cult’
Reserve Protocol and Arkham Intelligence executives were closely connected to Leverage Research, which has been accused of being a cult.
FTX knew Justin Sun tried to acquire TrueUSD
One of FTX's general counsels was involved in an attempted acquisition of TrueUSD by Tron and Justin Sun, according to a lawsuit.
Binance directs Dutch users to Coinmerce — a Binance broker
Binance has recommended Dutch users switch to Coinmerce, an exchange which has historically acted as a broker for Binance.
Poloniex proof-of-reserves and WBTC backing missing
Poloniex's promised proof-of-reserves is still missing as it refuses to disclose the backing for WBTC on Tron.
— Huobi, Justin Sun
Justin Sun-advised Huobi controls 85% of ‘decentralized’ stUSDT
stUSDT, a form of staked tether invested in "real world assets" that pays yield to users, is highly centralized.