Ripple billionaires’ RLUSD captures less than 0.04% of stablecoin market
The billionaire-backed Ripple USD (RLUSD) has failed to capture even 0.05% of the stablecoin sector’s market capitalization.
Results for Crypto, Spotlight, Stablecoins
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Tether became a political powerhouse in 2024
Tether has increasingly had to find political allies to continue growing and Howard Lutnick of Cantor Fitzgerald has been happy to oblige.
— SEC, Stablecoins
TUSD up to 99.7% backed by speculative assets despite SEC settlement
Dollar-pegged stablecoin TUSD may still be up to 99.7% backed by speculative assets, despite an SEC settlement that alleged this behavior.
Maker will be able to remotely freeze its new USDS stablecoin
Maker DAO is incentivizing DAI holders to convert their stablecoins into the new, reward-yielding USDS, which has a remote freeze capability.
Christian Angermayer helped Wirecard, now he helps Tether
Christian Angermayer, a German billionaire who previously connected SoftBank to Wirecard, is now connecting Tether to investments.
Justin Sun’s USDD removes 12,000 BTC without DAO approval
Despite Sun and USDD's claims that it is governed by a DAO, there are no governance votes that seem to correspond to the change.
— Bitcoin mining, Northern Data
Tether-owned Northern Data accused of fraud by former execs
Tether-owned Northern Data has been accused of securities fraud and tax evasion in a lawsuit filed by former executives.
TrueUSD changes accounting firms… and then de-pegs
TrueUSD has de-pegged across both centralized exchanges and DeFi after switching accounting firms for attestations.
US-based stablecoins suffered in 2023 as key players battle it out
At the end of 2023, algorithmic stablecoins are out, US-based stablecoins are shrinking, and international ones like Tether are exploding.
Tether rarely minded law enforcement, now it suddenly does
A few weeks after US Secret Service and FBI agents began surveilling USDT wallets, Tether announced “voluntary” sanctions compliance.