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.
Results for Stablecoins, Tether
46 stories, newest first
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.
Nepal smugglers caught selling gold from China for $16M USDT
Nepalese smugglers reportedly moved 33kg of gold from China in flour sacks packed by children before selling it for $16 million USDT.
Tether froze $225M but $70M slipped the net
Tether has frozen approximately $225 million in USDT tied to 'pig-butchering' scams, days after millions were removed.
Tether sent $1B to UK firm owned by prominent Conservative donor
Through Britannia Financial, financier Julio Herrera Velutini has donated $625,000 to the Tories since Boris Johnson became prime minister.
Tether says it makes money but can’t ditch loans
Tether has made a huge amount of money from interest recently but it just can't seem to ditch the allure of secured loans.
The beef between Circle and Tether
Circle and Tether executives have engaged in a series of increasingly public spats as the firms vie for control of the stablecoin market.
— Crypto, Justin Sun
‘Someone’ is spamming thousands of addresses with stUSDT
A single address spent several days spamming thousands of addresses with stUSDT after receiving a small amount from Huobi.
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.
Tether bought commercial paper from subsidiary of alleged terrorist-linked bank
Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.