NEAR’s TVL down bad after axing Terra-like USN stablecoin
NEAR's total value locked plummeted nearly 50% from almost $250 million yesterday to $113 million at the time of writing.
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NEAR's total value locked plummeted nearly 50% from almost $250 million yesterday to $113 million at the time of writing.
Market chatter is re-circulating regarding possible market manipulation of the Unus Sed Leo token for the benefit of Tether.
Tether has announced that it's reduced its commercial paper holdings to zero, replacing it primarily with US Treasuries.
In the class action lawsuit against Tether for cryptocurrency price manipulation, the court has ordered that Tether produce documents.
Tether holding off on freezing funds is as close as any big player has come to taking a stand against sanctioning a legitimate privacy tool.
The price of USDT recently de-pegged from the US dollar following Luna's collapse. Here's all the other major times Tether's peg broke.
— Stablecoin, Tether
Tether is usually extremely tight-lipped about where it keeps its assets, but it appears the company holds some funds in the tiny Capital Union bank.
Tether CTO Paolo Ardoino says existing regulations mean the company does not need to release full disclosure of its assets.
After the collapse of Do Kwon's "20% APY” Anchor protocol, attention is turning to those who did business with Kwon. Step forward Celsius.
— Crypto, Stablecoin
Fir Tree, which manages $4 billion in assets, reckons Tether is backed by watery Chinese commercial paper tied to troubled real estate plays.