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Turns out this tiny Bahamas bank is holding some of Tether’s reserves

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.

Paolo Ardoino clashes with hedge funder over shady Tether disclosure

Tether CTO Paolo Ardoino says existing regulations mean the company does not need to release full disclosure of its assets.

In April the UK chancellor announced plans to recognize stablecoins. Terra’s recent collapse will give regulators food for thought.

After years of attempting to launch a stablecoin for Meta (formerly Facebook), David Marcus has adopted Bitcoin and its Lightning Network.

CoinDesk revealed failed algorithmic stablecoin Basis Cash was created by Terra’s Do Kwon and BitClout’s Nader Al-Naji.