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Here’s how crypto’s third largest stablecoin Terra (UST) collapsed

Third-largest stablecoin UST de-pegged from the US dollar, traded as low as $0.62, and lost over $4 billion in market capitalization.

Hedge fund shorts Tether, expects it to collapse in the next year

Fir Tree, which manages $4 billion in assets, reckons Tether is backed by watery Chinese commercial paper tied to troubled real estate plays.

Coinbase wants a slice of the $700 billion remittance industry by encouraging Mexicans to use its stablecoin USDC instead of Pesos.

This is Tether’s timeline in full, starting in 1996 when its now chief financial officer was caught selling fake Microsoft software licenses.

Myanmar’s parallel government has deemed stablecoin Tether official currency amid violent clashes between citizens and military rulers.