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 Spotlight, Stablecoins
57 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.
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.
— Crypto, Justin Sun
ChainArgos: Justin Sun’s JustLend doesn’t send ‘stables’ where advertised
USDT that customers once held on Huobi is now daisy-chained into JustLend, a 'decentralized' lending protocol dominated by Sun.
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.
Curve founder dumps CRV on Justin Sun to avoid liquidation
Michael Egorov has sold over 39 million CRV tokens in OTC deals to protect against his huge loan position being liquidated.
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.
Here’s why decentralized finance is actually very centralized
Most DeFi protocols are controlled by a small number of smart contracts whose keys are held by one person or a tiny group of insiders.